2nd December 2016
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
The Indian government has tightened an oft-used route for trade-based money laundering. Read More
1st December 2016
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
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
29th November 2016
Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules Read More
28th November 2016
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
28th November 2016
Financial innovation firm R3 is seeking to use blockchain technology to streamline identification processes in regards to Know Your Customer registries. They've created a proof-of-concept for a system where an individual manages their own ID on a distributed public ledger. Read More
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
Phra Dhammajayo has filed a petition with the Office of the Attorney General for justice in a money-laundering case in connection with the Klongchan Credit Union Cooperative (KCUC) multi-million-baht embezzlement scandal. Read More
14th November 2016
HSBC’s planned move of its UK bank to Birmingham has been described as “a programme in crisis” by the monitor appointed by the American authorities to ensure the bank complies globally with anti-money-laundering rules. Read More