11th November 2016
Amber Rudd concedes London has become safe haven for illicit money and UK should do more to stop estimated £90bn a year laundered via British capital. Read More
10th November 2016
Recent anti-money laundering enforcement actions against major U.S. financial institutions have placed boards of directors front and center in the management and oversight of their institutions’ Bank Secrecy Act and other anti-money laundering (“BSA/AML”) programs. Read More
Recent anti-money laundering enforcement actions against major U.S. financial institutions have placed boards of directors front and center in the management and oversight of their institutions’ Bank Secrecy Act and other anti-money laundering (“BSA/AML”) programs. Read More
10th November 2016
US-businessman Bill Browder has said the UK government is "appeasing" Russia by refusing to implement stronger sanctions against the country. Read More
10th November 2016
Singapore police disclosed in court Thursday that the Malaysian financier at the heart of a scandal involving the Malaysian state investment fund 1MDB is a person of interest in the city-state’s ongoing probe into an alleged multibillion-dollar money-laundering scheme. Read More
9th November 2016
Trump's campaign was never heavy on policy and the details that did emerge were occasionally contradictory. But the broad tenets of his economic policy and some of his more specific campaign trail promises have significant implications for the global fight against financial crime. Read More
7th November 2016
China’s third-largest lender tried to obscure the trail of dollar transactions by Russian, Chinese and Middle Eastern clients and attempted to silence a compliance officer who raised alarms about it, according to New York’s banking regulator. Read More
7th November 2016
Last week's $215 million (173 million pound) fine for Agricultural Bank of China Ltd (AgBank), the third big Chinese bank disciplined by U.S. regulators in 16 months, shows Chinese lenders still falling short in their compliance duties. Read More
4th November 2016
The National Crime Agency (NCA) has arrested 14 people across the UK for their suspected involvement in laundering as much as £11m generated by major malware scams. The NCA said that the money was probably gathered via the notorious Dridex and Dyre malware, which is believed to have been developed… Read More
4th November 2016
Eleven sports cars belonging to Teodorin Obiang, the son of Equatorial Guinea’s president have been seized in Geneva under the orders of the canton’s public prosecutor. Obiang is currently under investigation for money laundering. The Swiss investigation into Obiang’s assets was opened in mid-October. “The Geneva public prosecutor confirms the… Read More