27th November 2017
By Amabhungane and Scorpio, Daily Maverick KPMG green-lighted three Gupta deals that bore multiple hallmarks of money laundering. In these, suspicious foreign entities paid millions for shares in dormant local shell companies. Our investigations suggest that at least two of the transactions were a cover to bring dirty money home. Read More
24th November 2017
KYC360 News Singapore’s central banking authority is seeking views on plans to regulate risks to payment services such as money laundering and terrorism financing. The Monetary Authority of Singapore (MAS) has published its second consultation on the Payment Services Bill which also aims to empower it to set… Read More
24th November 2017
KYC360 News A draft of Britain’s sanctions law gives ministers too much power and lacks clarity in a number of areas, according to a lawyers’ lobby group. The Sanctions and Anti-Money Laundering Bill, which was introduced in October, will give the United Kingdom the necessary legal powers to continue… Read More
24th November 2017
By Chris Vallance, BBC When Russia’s most notorious hackers hired servers from a UK-registered company, they left a trove of clues behind, the BBC has discovered. The hackers used the computers to attack the German parliament, hijack traffic meant for a Nigerian government website and target Apple devices. The company,… Read More
23rd November 2017
KYC360 News The Swiss government has announced restrictive measures against the Republic of Mali as well as for individuals it says are undermining peace and security in the country. The Federal Council has transposed relevant UN Security Council measures into Swiss law, steps which include ordering asset freezes and travel… Read More
23rd November 2017
KYC360 News Legal professionals have urged parliamentarians to set up a body to further determine the framework and suitability of algorithm regulation. The lawyers, who were giving evidence at the parliamentary Science and Technology Committee’s inquiry on decision making of algorithms, detailed some of the challenges presented by relying on… Read More
23rd November 2017
By Samburaj Das, Cryptocoin News RAKBANK has announced that it has partnered with Ripple to leverage its global BlockChain network (RippleNet) to power cross-border payments. Recognising the rising power of blockchain in today’s markets, the bank’s tie up with Ripple has enabled the launch of instant, frictionless, and secure money… Read More
22nd November 2017
By Ellen Chang, The Street The holiday shopping season is primetime for hackers who are prepared with their phishing scams and malware to lure unsuspecting shoppers eager for deals via social media and online. The mega deals being offered for Black Friday and Cyber Monday are often fraught with weak… Read More
22nd November 2017
KYC360 News A “prolific money” launderer and her associates paid over £1.8 million into London high street banks in a period of just two weeks. The money is believed to have come from drug dealers and was deposited in smaller amounts to avoid suspicion. Launderer Fen Chen, her friend Ying… Read More
22nd November 2017
22 November 2017 By Brian Love, Simon Carraud and Ingrid Melander French far-right leader Marine Le Pen, smarting from defeat in a presidential election where she denounced banks for refusing her campaign loans, accused her bankers on Tuesday of “persecution” after they moved to close down her and her party’s… Read More