11th December 2017
By BInna Civirjic, RISE Moldova The daughter of a top Moldovan judge lived large in London thanks to 1.6 million lei (US$ 130,000) that was channeled through two companies involved in the Russian Laundromat – a massive money laundering scheme that pumped billions of dollars through Moldova from Russia. Most… Read More
11th December 2017
eNCA The Progressive Professionals Forum (PPF) opened a docket of inquiry for criminal charges against embattled furniture giant Steinhoff in Stellenbosch on Saturday. The organisation said it would also write to Public Protector Busisiwe Mkhwebane asking her to initiate a comprehensive inquiry into asset management companies sub-contracted by the Public… Read More
11th December 2017
By Joshua Althauser, Coin Telegraph New York Stock Exchange (NYSE) Chairman Jeff Sprecher said he and his exchange were ‘fools’ for letting their competitors beat them to the launch of Bitcoin futures trading. Ironically, the NYSE has been a pioneer when dealing with Bitcoin, as it introduced its Bitcoin… 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
8th December 2017
KYC360 News British authorities have been urged to closely examine the role UK-based banks played in helping the South African-based Gupta family ‘launder money.’ The wealthy Gupta family are considered to be close friends of South African President Jacob Zuma. Lord Peter Hain told the House of Lords this week… Read More
7th December 2017
By Mahmoud Kassem, The National With the acres of newsprint devoted in recent months to the topic of registration of beneficial ownership, it is interesting to consider the role of the registrars. Companies – and other structures – are required to submit returns, and to update them regularly, and… Read More
7th December 2017
By Samburaj Das, Crypto Coin News South Korea’s National Tax Service (NTS) is pressing ahead with a framework to enforce taxes on cryptocurrencies including bitcoin. Run under the purview of Korea’s Ministry of Strategy and Finance, the National Tax Service is tasked to assess and collect internal taxes in the… Read More
7th December 2017
KYC360 News The use of artificial intelligence (AI) in bank compliance departments can be highly effective, however it has limitations and remains a work in progress, according to Rob Gruppetta, head of financial crime at the UK’s Financial Conduct Authority. Generally there has been a sharp interest in AI in… Read More
6th December 2017
CNN President Trump has been tightening the screw on North Korea, ramping up sanctions and urging other countries to sever trade links with Kim Jong Un’s regime. But dozens of countries have violated international sanctions on Pyongyang in recent years, according to a new report by a Washington-based think tank. Read More
6th December 2017
KYC360 News Banks in the UK are holding at least £130 million in funds that cannot be accurately traced and returned to fraud victims, according to a parliamentary committee report. The amount represents frozen funds, believed to be connected to fraud, where banks have identified a concern and started to… Read More