19th December 2016
In his Dec. 14 op-ed, “Vanquishing the red-tape monster,” Philip K. Howard wrote about performance-based regulatory “reform” but did not discuss what many in industry really want: no regulations. Read More
16th December 2016
The Serious Fraud Office (SFO) would like to extend the strict liability "failure to prevent bribery" offence that is currently encapsulated in S7 of the Bribery Act. Read More
16th December 2016
Minister of Finance, Economic Planning and Development Goodall Gondwe has said government will facilitate that parliamentary committees of Legal Affairs and Budget should meet weekend to scrutinise the Financial Crimes Bill so that it should be fast track scrutiny so that it can be brought back to House for approval. Read More
14th December 2016
Thomson, who is suspended from the SNP, is one of five people reported to Scottish prosecutors in relation to property deals. Read More
14th December 2016
Professor Nicholas Ryder discusses the provisions and limitations of the UK government’s Criminal Finances Bill (currently at committee stage in the Commons). Nicholas is Professor of Financial Crime at the University of the West of England and is a regular contributor to KYC360. He is the founder and series editor of Routledge’s… Read More
13th December 2016
The Senate is giving more teeth to the Anti-Money Laundering Act (AMLA) by amending its current provisions to include casino operators and junket operators among the covered institutions of the law. Read More
13th December 2016
The New Zealand government rejected on Tuesday a proposal for industries to police new money-laundering rules themselves, and will instead leave one government department in charge of supervising thousands more businesses. Read More
12th December 2016
“Since its previous FATF assessment in 2005, Switzerland has strengthened its AML/CFT (anti-money laundering and counter-terrorist financing) regime,” the Paris-based intergovernmental body said in a statement on Wednesday. Read More
12th December 2016
An amendment to the Money Laundering Control Act (洗錢防制法) was passed by the Legislative Yuan on Friday, widening the scope of professions required to report any suspicious financial transaction by their clients to the authorities. Read More
9th December 2016
It has been ten years since FATF published its last Mutual Evaluation Report (MER) of the United States. On December 1st, 2016, as many of us turned our attention to the final month of what has been quite an eventful regulatory year (think Panama and Bahamas Leaks, FinCEN Final Rule,… Read More