German police to deliver Panama Papers to Maltese magistrate
29th November 2017
German police to deliver Panama Papers to Maltese magistrate
By Kurt Sansone, Malta Today German police will pass on a cache of Panama Papers data to the magistrate leading the inquiry into Daphne Caruana Galizia’s murder, German sources told MaltaToday. The information will be handed over by the German federal crime police (BKA) to Magistrate Anthony Vella, who will… Read More
Rwanda to set up anti-terror financing, money laundering unit
29th November 2017
Rwanda to set up anti-terror financing, money laundering unit
By Athan Tashobya,The New Times The Government is set to establish a unit that will work closely with the National Bank of Rwanda and security organs to combat money laundering and financing of terrorism. Central bank governor John Rwangombwa said there is a growing number of mafias and money launderers… Read More
Malta is EU’s cash capital, experts suggest tax evasion
28th November 2017
Malta is EU’s cash capital, experts suggest tax evasion
By Ivan Camilleri, Times of Malta A European Central Bank (ECB) report analysing the use of cash, cards and other payment methods used in the euro area economies in 2016 showed Malta is the cash capital of the EU, topping the list of countries where most transactions are effected directly… Read More
Deutsche’s financial intelligence boss/MLRO quits for London tech firm
28th November 2017
Deutsche’s financial intelligence boss/MLRO quits for London tech firm
KYC360 News Deutsche Bank’s global head of financial intelligence Karim Rajwani has left the group to join big data start-up Quantexa. Rajwani, who was also the bank’s money laundering reporting officer (MLRO), said he is looking forward to bringing on board his anti-money laundering and counter terrorism funding expertise. Prior… Read More
Ireland: €1,000,000 laundering fine highlights ‘tough’ stance on ‘passporting’ firms
28th November 2017
Ireland: €1,000,000 laundering fine highlights ‘tough’ stance on ‘passporting’ firms
KYC360 News The Central Bank of Ireland has warned that firms using Ireland for ‘passporting’ into European Union financial markets will remain subject to Irish financial crime laws. The regulator made the remarks in a statement announcing its one million euro penalty for insurer Intesa Sanpaolo Life which… Read More
Factbox: National regulators’ views on initial coin offerings
28th November 2017
Factbox: National regulators’ views on initial coin offerings
28 November 2018 By Gertrude Chavez-Dreyfuss and Angela Moon, REUTERS The emergence of bitcoin in 2009 as the first decentralized digital currency using cryptography as a security feature has spawned more than 1,200 new digital crypto-currencies, with coins, or tokens, sold by crypto-currency firms to fund their projects one of… Read More
Weak regulatory standards weigh on Jamaican banking sector
27th November 2017
Weak regulatory standards weigh on Jamaican banking sector
KYC360 News Jamaica’s banking sector is stable however its ‘poor regulatory oversight’ is negatively affecting the banking industry risk, according to a report by Standard and Poors (S&P). In its Banking Industry Country Risk Assessment, the ratings agency classified Jamaica’s banking sector within group ‘9’ – alongside countries such as… Read More
Panama Papers: Pakistan to probe 436 individuals
27th November 2017
Panama Papers: Pakistan to probe 436 individuals
By Haroon Janjua, OCCRP Pakistan’s Supreme Court ordered on Thursday the country’s anti-graft agency to serve notices to 436 Pakistanis who were named in the Panama Papers as owners of offshore companies. The legal petition seeking action against all Pakistanis named in the leaks were tabled by Siraj ul Haq,… Read More
Malta: Sacked official investigated money laundering breach by PEPs
27th November 2017
Malta: Sacked official investigated money laundering breach by PEPs
By Matthew Vella, Malta Today The former police investigator Jonathan Ferris said he left the police force shortly after an incident in which a minister demanded information on a police investigation. Ferris told interviewer Manuel Delia, a former personal aide to Nationalist minister Austin Gatt for 13 years, that he… Read More
UK: Huge rise in number of youth used as money mules
27th November 2017
UK: Huge rise in number of youth used as money mules
KYC360 News There has been a stark leap in the number of 18-24 year olds acting as money mules, leaving many to face possible blacklisting from accessing student loans or mobile phone contracts According to statistics from anti-fraud groups, there has been a 75 per cent increase in… Read More
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