20th November 2017
KYC360 News Certain groups within the European Union are deliberately delaying progress on a new anti-money laundering (AML) law in order to stall plans for public beneficial ownership registers, the EU parliamentarians charged with steering the legal process have warned. The latest negotiations on the Fifth Anti-Money Laundering Directive (5AMLD)… Read More
20th November 2017
KYC360 News The implementation of India’s demonetisation programme overwhelmed banks to such an extent that key monetary benchmarks could have crashed and governments stocks wiped out, a central bank executive said in a speech on Tuesday. The programme, which was announced in November last by Prime Minister Narendra Modi, outlawed… Read More
20th November 2017
KYC360 News The Commonwealth Bank of Australia is to introduce caps on the amount customers can deposit as part of new plans to fulfill its anti-money laundering (AML) and counter terrorism financing obligations. The bank has come under pressure to reform its compliance structures after it was found criminals and… Read More
20th November 2017
20 November 2017 By Tom Westbrook, REUTERS Rebel government lawmakers in Australia vowed on Monday to force a powerful inquiry into the country’s scandal-hit banking sector, further turmoil for Prime Minister Malcolm Turnbull as he languishes in the polls amid a citizenship crisis. The threatened move is a major… Read More
20th November 2017
BBC Talks on forming a coalition government in Germany have collapsed, leaving Angela Merkel facing her biggest challenge in 12 years as chancellor. The free-market liberal FDP pulled out after four weeks of talks with Mrs Merkel’s CDU/CSU bloc and the Greens. FDP leader Christian Lindner said there was… Read More
20th November 2017
Times of Oman Energy is overtaking banking and finance as a target for cyber-criminals in the Middle East, yet companies in the sector are leaving themselves significantly more open to a successful attack, leading international experts have told the Security in Energy conference in Abu Dhabi. Co-located within the Abu… Read More
20th November 2017
By Rapsi News Lithuanian Seimas has passed a bill on sanctions against persons, who are believed to be involved in the death of Hermitage Capital auditor Sergey Magnitsky on November 16, 2009, the resolution of the country’s parliament reads. Lithuania is a fifth country to adopt an act related to… Read More
20th November 2017
By James Emejo, This Day Live The Chairman, House of Representatives Ad-hoc Committee investigating the activities of telecoms operators and vendors, Hon. Ahmed Abu (APC, Niger) has threatened to serve bench warrants against chief executives of major telecommunications companies over their failure to appear before it and defend allegations of… Read More
20th November 2017
17 November 2017 By Brad Brooks, REUTERS Federal prosecutors in Brazil are conducting a criminal investigation into alleged international money laundering by a man at the centre of a Reuters inquiry into U.S. President Donald Trump’s first international hotel project. Reuters reviewed more than 350 pages of a sealed investigation… Read More
17th November 2017
By Emma Hughs, FT Adviser A murderer serving life for killing a financial adviser has been ordered to pay the Crown £1. Colin Coates, 47, who was jailed for killing 27 year old Lynda Spence in April 2011, is believed to have made £119,967 from crime. But Coates maintains… Read More