22nd November 2016
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
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’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
10th November 2016
Recent anti-money laundering enforcement actions against major U.S. financial institutions have placed boards of directors front and center in the management and oversight of their institutions’ Bank Secrecy Act and other anti-money laundering (“BSA/AML”) programs. Read More
20th October 2016
The London head of the UK’s biggest house builder has been arrested on suspicion of bribery. FTSE 100 builder Barratt Developments confirmed in a regulatory statement on Wednesday that Alastair Baird had been suspended and arrested by London’s Metropolitan Police. Another, unnamed former Barratt employee has also been arrested. The… Read More
20th October 2016
The government has published details of the Criminal Finances Bill with prime central London property used for purposes of money laundering in the spotlight. Unexplained Wealth Orders are a key component of the Bill in a bid to end the UK’s role as a safe haven for corrupt property deals;… Read More
19th October 2016
The Commission has today issued an FAQ for legal professionals as a result of the recent changes to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999. The FAQ has been created to assist legal professionals in determining whether or not a particular service they offer is within… Read More
19th October 2016
In a move that signals a wider crackdown on bond sales by Chinese property companies, Shanghai Stock Exchange has suspended bond raising applications from developers that would be disqualified from issuing corporate debt under new guidelines expected to be issued by the securities regulator, industry sources said. Some… Read More
17th October 2016
The arrest in China of Australians working for billionaire James Packer’s Crown Resorts could be a further signal about the level of alarm among Chinese authorities about the flow of cash to foreign casinos. China has a problem with money fleeing the country. In recent years, there have been huge… Read More
14th October 2016
China’s cabinet and major financial regulators on Thursday published details of rules aimed at stamping out fraud and illegal fundraising in the country’s fast-growing online finance sector. The State Council document, which dates from April, provides guidelines and more far-reaching oversight for regulation of online financial activity, including peer-to-peer (P2P)… Read More