Featured 360 News

New Information Emerges Regarding Scale of Troika Laundromat

Troika Laundromat: inside Europe’s latest money laundering scandal Reports of a new money laundering scheme, the Troika Laundromat, highlight the brazen use of illegitimate funds within the world of the ultra-wealthy Like a vast, corruptive beast, money laundering has loomed large over Europe in recent months. Scandal after scandal has… Read More

Dutch ministers push for cryptocurrency regulation to fight money laundering

Dutch ministers want to regulate cryptocurrencies as part of a wider effort to tackle money laundering in the country. According to a note sent to parliament on Monday, Minister of Finance Wopke Hoekstra and Ferdinand Grapperhaus, Minister of Justice and Security, want to limit the… Read More

Macau not relaxed on AML issues: casino regulator

Macau has “not been taking a relaxed attitude” towards the issues of anti-money laundering (AML) and combatting the financing of terrorism, said the head of the city’s casino regulator at a major conference on those topics, held in Macau on Thursday. The regulator, the Gaming Inspection and Coordination Bureau, also… Read More
2nd May 2019
The KYC360 community is invited to take advantage of the few remaining places in a free, high-impact event at The News Building in London on 9th May, entitled ‘Why AML Failure is a Choice’.  Innovations in RegTech are transforming financial crime risk management and creating enormous cost saving… Read More
26th February 2019
With its publication in the Official Journal of the European Union in late 2018, the Sixth EU Anti-Money Laundering Directive (6AMLD) is now on its way. Member-states have until December 2020 to transpose the directive into domestic law—an effort that would standardize criteria across the economic bloc for when predicate… Read More
20th March 2018
Zambia’s tax agency said on Tuesday it had uncovered $8 billion (£5.7 billion) tax scam at an unspecified “prominent mining company”, nearly double the total amount the country collected in taxes in last year. The Zambian Revenue Authority (ZRA) said in a statement it had issued a preliminary tax assessment… Read More
8th December 2017
Regulators from around the world tied off the final round of new regulations for banks in Frankfurt on Thursday, the Basel Committee on Banking Supervision said in a statement, closing a saga begun at the height of the financial crisis. Completing the so-called “Basel III” reforms… Read More
30th January 2017
The Malaysian sovereign wealth fund, 1 Malaysia Development Bhd (“1MDB”), has been the subject of extensive press coverage and regulatory scrutiny. In this recorded webinar, Stephen Platt, Hugo Miller and Clare Rewcastle-Brown examine the 1MDB case from an AML perspective. They offer practical lessons for compliance professionals on topics including managing sovereign wealth funds, monitoring politically exposed persons (PEPs) and mitigating your institution from transactions involving the proceeds of corruption. Read More
9th January 2017
A syndicated loan is a loan made by a group (or “syndicate”) of lenders who together provide funds for a single borrower. Syndicated loans are usually made to corporations or governments, and are also often used in “project finance” (that is the funding of large-scale projects, like oil fields or power stations). Read More
4th January 2017
Jan 4 Deutsche Bank's head of fighting financial crime and money-laundering, Peter Hazlewood, is leaving his post after just six months, a source familiar with the matter told Reuters. Read More
4th January 2017
A group of bipartisan senators is preparing a bill that would offer sanctions against Russia, lawmakers confirmed as the Senate convened a new session of Congress on Tuesday. Read More
4th January 2017
BB&T says it will improve how it fights money laundering as part of a broad U.S. regulatory crackdown on the potential for illicit money flows. Read More
4th January 2017
Former president and now Pampanga representative Gloria Macapagal Arroyo has accused the Anti-Money Laundering Council (AMLC) of being a political tool of the previous Aquino administration. Read More