5th January 2017
Deferred prosecution agreements (DPAs) became part of the prosecutors’ toolbox in 2014, allowing for settlement instead of bringing a case to trial. Recent statements from the Serious Fraud Office (SFO) indicate an increasing willingness to seek DPAs. Read More
5th January 2017
Premier Lin Chuan (林全) has instructed an office be set up to strengthen money laundering prevention and control in Taiwan, Cabinet spokesman Hsu Kuo-yung (徐國勇) said yesterday. Read More
30th December 2016
China’s central bank said it tightened requirements for lenders to report cross-border transactions by customers as part of stepped-up efforts to curb money laundering. Read More
29th December 2016
On the 1st December 2016, the Office of Financial Sanctions Implementation (OFSI) launched its latest consultation on the imposition of monetary penalties for breaches of financial sanctions rules. OFSI (part of HM Treasury) is seeking views on its consultation paper, which sets out its proposed approach to financial sanction breaches. Read More
23rd December 2016
Since taking office in May last year, Nigeria’s president, Muhammadu Buhari, has made fighting corruption in government a central goal of his administration. Read More
22nd December 2016
The European Commission is shoring up money laundering measures to regulate cash flows and freeze terrorist assets. Read More
22nd December 2016
New York's financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cybersecurity rules, a person familiar with the matter said. Read More
21st December 2016
European council proposals on company information would lead to ‘business as usual’ in wake of Panama Papers, critics say. Read More
21st December 2016
Committee proposes ‘nuclear deterrent’ to stop companies trying to avoid responsibilities to pension schemes. Read More
20th December 2016
Financial crime prevention laws are never static, and 2016 has proved no exception to the continuous cycle of changes to existing laws and the introduction of new ones. Read More