Trading

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

28th November 2016

R3 uses blockchain to streamline KYC for banks around the world

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

From AML to FCP – are your AML procedures out of date?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

Thailand: Dhammajayo petitions OAG over money-laundering case

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

UK: money-laundering fear over HSBC move

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

11th November 2016

US investment industry prepares for regulatory overhaul

President-elect Donald Trump expected to axe unpopular rules introduced since crisis. Read More

10th November 2016

US: “A little knowledge is a dangerous thing” – holding board members responsible for compliance breaches

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

“A little knowledge is a dangerous thing” – derivative litigation sought to hold board members responsible for breaches in BSA/AML compliance

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

10th November 2016

UK ‘flash crash’ trader Navinder Sarao pleads guilty in US

A trader who operated from his parents' home in London has pleaded guilty in the US to helping trigger a 2010 Wall Street "flash crash". Read More

3rd November 2016

United Kingdom: Sir Philip Green in firing line as Pensions Regulator begins enforcement action over BHS’s £571m pension deficit

The Pensions Regulator has begun enforcement action against a number of parties including Sir Philip Green after failing to reach a deal to plug BHS’s £571m pension deficit. In a dramatic development, the regulator, which has been in talks with Sir Philip and his Taveta group of companies over the retailer’s… Read More