19th January 2017
Amid the self-evaluation and manager assessments of the annual performance review season, many compliance professionals consider or ask the question: "am I in a good place, being fairly compensated, or better off elsewhere?" Read More
13th January 2017
The Panama Papers scandal of 2016 led to the leaked individuals' names and associations being scrutinized by governments in the UK, Germany, France, Italy, Spain and Australia among others, which is unsurprising given that the financial services industry is in the midst of preparing for new stricter regulation to commence. The Common Reporting Standards regulation, The Fourth Money Laundering Directive, the Foreign Account Tax Compliance Act and Financial Action Task Force recommendations on money laundering that have been proposed and enacted in Europe and the US are intended to strengthen the anti-money laundering (AML) regulatory environment and increase pressure on institutions to comply. Read More
12th January 2017
Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U.S. agencies take in creating and applying new rules, continuing their blitz to radically reform "abusive" federal regulation of areas from the environment to the workplace. Read More
11th January 2017
The Income Tax department has detected more than 200 shell companies operating in Delhi, Karnataka, Rajasthan, Gujarat, Maharashtra and Punjab besides Uttar Pradesh that have been used to convert illegal money into “legal” in the last two months, sources said. Read More
11th January 2017
In June 2015, the European Union’s fourth anti-money laundering directive (“4MLD”) was enacted, with the requirement that all member states transpose the rules into national law within two years. The directive is the EU’s main instrument for preventing the misuse of its financial system by money launderers and supporters of terrorism. Read More
9th January 2017
Paan-stained and fraying, the basement cubbyhole is next to an open-air technology hub that is also known as one of the world’s biggest markets for pirated and counterfeit products. Read More
30th December 2016
The New York State Department of Financial Services (DFS) on Wednesday released a revised draft of an ambitious regulation designed to protect the state and its citizens from cyberattacks against financial institutions. Read More
22nd December 2016
The European Commission is shoring up money laundering measures to regulate cash flows and freeze terrorist assets. Read More
21st December 2016
Cross-party group backs amendment to criminal finances bill making overseas territories introduce public registers. Read More
21st December 2016
European council proposals on company information would lead to ‘business as usual’ in wake of Panama Papers, critics say. Read More