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Regulatory Update

2nd December 2016

U.S. anti-money laundering regulations well-developed, analysis finds

U.S. anti-money laundering regulations are well-developed, and domestic coordination to prevent money laundering and terrorist financing is sophisticated and has improved over the past 10 years, according to a Financial Action Task Force (FATF) evaluation issued Thursday. Read More

2nd December 2016

Money from Nigeria laundered in UK ‘should go to helping starving children’

Save the Children say £950m is needed by those affected by Boko Haram, with tens of thousands of children at risk of death in areas held by the group. Read More

1st December 2016

Philippines: Money laundering amendment targets casinos, developers, traders

Casinos, real estate developers and dealers of high-value items will have to report any cash transaction exceeding P500,000 or $10,000 to the Anti-Money Laundering Council (AMLC) to help stop any illegal fund transfers in the Philippines. Read More

30th November 2016

UK: financial crime checklist

On 21 November 2016 the FCA issued a booklet aimed at consumer credit firms setting out good and bad practice on compliance with obligations under the Money Laundering Regulations 2007 (MLR). Read More

30th November 2016

Don’t doubt the value of money laundering prevention

Due to conveyancing transactions usually being of high value as well as their ability to take place without raising suspicion, they are a favoured method of laundering money. Read More

28th November 2016

Financial Crime & Operational Security – 2016 report

The Financial Crime & Operational Security report brings together Financial Crime Directors, Chief Security, Chief Information, Chief Risk and cyber-crime professionals to examine and debate initiatives that could give them competitive advantage in the fight against financial crime. Read More

24th November 2016

Navigating the new anti-money laundering normal

A series of recent news events have highlighted the continued focus of global regulators on money laundering and compliance failures at international financial institutions. Read More

22nd November 2016

From AML to FCP – are your AML procedures out of date?

Tom Devlin, partner at Stephen Platt & Associates LLP, considers the limitations of the traditional AML model and why it undermines efforts by financial institutions to guard against the facilitation of crime. Read More

14th November 2016

European Council endorses exchange of beneficial ownership data

The European Council has endorsed a proposal to grant tax authorities access to information held by authorities responsible for the prevention of money laundering. Read More

14th November 2016

Bosnia and Herzegovina: former Interior Minister detained

Bosnia and Herzegovina’s former wartime interior minister was among more than a dozen people detained over the weekend on allegations of being part of a group involved in crimes including real estate fraud and money laundering. Read More

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