KYC360's Tom Devlin interviews Simon Gaudion, Director of the Enforcement Division at the Guernsey Financial Services Commission. Read More
16th May 2017
A federal judge demanded more answers on Monday about Rudolph Giuliani’s efforts to get U.S. charges dropped against a wealthy Turkish businessman, zeroing in on the former New York City mayor’s ties to President Donald Trump as a potential conflict that could disqualify him from the case. U.S. District Judge… Read More
16th May 2017
The Securities and Exchange Commission today announced that Jaime Klima has been named Chief Counsel to Chairman Jay Clayton. As Chief Counsel, Ms. Klima will be senior legal and policy adviser, and will coordinate the rulemaking agenda of the Commission.  She will also serve as the Chairman’s representative on the… Read More
16th May 2017
Investigators looking into the Trump campaign’s ties to Russia will be able to pursue leads by tapping into a huge database of suspicious financial transactions maintained by the federal government. Under the Bank Secrecy Act, financial institutions operating in the U.S. are supposed to inform the Treasury Department’s Financial Crimes… Read More
16th May 2017
Norbert Walter-Borjans has been busy turning himself into the public scourge of German tax cheats and foreign tax havens. Having already riled Switzerland by buying CDs with stolen bank account data – and then accusing the Alpine state of spying on his tax offices – North Rhine-Westphalia’s finance minister criticized… Read More
16th May 2017
An anti-money laundering partnership between Australia’s big four banks and the continent’s government designed to share more information in real time is getting good reviews but probably isn’t exportable to the U.S., several lawyers and consultants said. The Fintel Alliance launched in March “offers an unprecedented opportunity for government and… Read More
16th May 2017
Prevezon Holdings Limited, a Cyprus-based company, agreed on Friday to pay US$5,896,333.65 to the US Treasury to settle a money laundering and civil forfeiture action uncovered by the deceased Russian lawyer Sergei Magnistsky. Sergei Magnitsky Prevezon Holdings, owned by Russian businessman Denis Katsyv, and its subsidiaries were prosecuted in New York for laundering some of the US$230 million stolen by an… Read More
15th May 2017
Sacked Aam Aadmi Party (AAP) leader and former Delhi minister Kapil Mishra on Sunday alleged that Delhi Chief Minister Arvind Kejriwal holds several shell companies, which are used to deposit crores of unaccounted funds. In a media conference in which he showed some slides allegedly displaying discrepancy between funds received… Read More
15th May 2017
Malawi’s Anti-Corruption Bureau has launched an investigation into whether money irregularly changed hands during the rushed signing of production-sharing agreements on three of Malawi’s petroleum blocks just eight days before the 2014 elections in the country. The probe was requested by a range of Malawian civil society organisations and international… Read More
15th May 2017
The Supreme Court (SC) has cleared former Agriculture undersecretary Jocelyn “Jocjoc” Bolante and other respondents of money laundering charges in connection with the P728 million fertilizer fund scam. Before this, the Court of Appeals (CA) denied the government’s application to extend the freeze order issued in 2009 on Bolante’s bank… Read More