Trust & Corp Svcs

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

13th March 2017

Anti-money laundering rule looms for US investment advisers

In the current deregulatory environment, investment advisers might expect a reprieve from new federal compliance rules. But one exception is the proposal for an anti-money-laundering regulation, which experts believe is likely to become the law of the land, bringing with it a significant new compliance responsibility. A year and a… Read More

10th March 2017

India: ED freezes shell companies’ accounts involved in laundering through gold sales

The Enforcement Directorate (ED) has begun freezing the accounts of shell companies and investigating certain Mumbai-based bullion dealers suspected to be behind them. Read More

7th March 2017

Sanctions have failed to stop North Korea’s nuclear program, U.N. report says

International sanctions on North Korea have largely failed to curb the country’s expansion of its military and nuclear program or significantly decrease revenues it earns from exports of arms and minerals, according to a comprehensive sanctions report by the United Nations. Read More

7th March 2017

Oregon lawmakers, law enforcement back shell company legislation

Lawmakers, members of Oregon's law enforcement community and public interest groups on Monday spoke in favor of a bill that would rein in abusive, anonymous companies, but a spokesman for Oregon Secretary of State Dennis Richardson's office said the legislation "still needs significant work." Read More

6th March 2017

UN report shows North Korea using Africa to slip sanctions

North Korean weapons barred by U.N. sanctions ended up in the hands of U.N. peacekeepers in Africa, a confidential report says. Read More

3rd March 2017

How North Korea evades UN sanctions through international ‘front’ companies

North Korea continues to evade UN sanctions designed to prevent its weapons of mass destruction (WMD) development by embedding its agents and intermediaries within the international trading system, according to the latest assessment of the UN Panel of Experts set up to monitor North Korean compliance with international sanctions. Read More

2nd March 2017

US: Oregon lawmakers to field shell company bill testimony

Oregon lawmakers will hold a public hearing Monday on a bill designed to rein in abusive, anonymous companies. Read More

1st March 2017

DOJ issues new compliance program evaluation guidance

Earlier this month, the Fraud Section of the U.S. Department of Justice (DOJ) published its Evaluation of Corporate Compliance Programs (Evaluation Guidance). Although issued without fanfare, the Evaluation Guidance represents the latest in a series of important communications by the Fraud Section outlining the DOJ’s expectations for effective corporate compliance programs. Read More

28th February 2017

New Zealand: Alleged ponzi fraudster’s beauty business seeks buyer

A hair and beauty products company owned by a man who ran what is thought to be a significant ponzi scheme is looking for a new owner. Read More

27th February 2017

UK: Cyber attacks against financial services cost consumers £8bn in 2016, research reveals

Online financial services and lending companies are increasingly being targeted by fraudsters and costing consumers millions of pounds around the world last year alone, according to research. Read More

Must Read

Cayman Islands, Morocco Placed on Terror-Financing Watch List

Global money laundering watchdog keeps Pakistan on terrorism financing ‘grey list’

Tax transparency: MEPs mount renewed challenge over Openlux exposé

Lawyers, accountants and other professionals play key role in cross-border financial crime, OECD warns in new report

UAE Executive Office to combat money laundering, terrorism funding