3rd February 2016
BERLIN (AP) — The German government is considering introducing a limit of 5,000 euros ($5,450) on cash transactions in an effort to combat money laundering and financing of terrorism. Read More
3rd February 2016
One of two defendants in the biggest ever financial mis-selling case in the GCC region, Bank Sarasin-Alpen (ME) Limited, the former Middle East affiliate of co-defendant Swiss Private Bank J. Safra Sarasin, has failed to meet the requirement of the Court of the Dubai International Financial Centre (DIFC) to deposit… Read More
3rd February 2016
The country’s special anti-corruption police unit, known Kobra, has prevented tax evasion amounting to 4.1 billion crowns in total since its establishment in June 2014… Read More
3rd February 2016
WASHINGTON — The U.S. Drug Enforcement Agency has announced a “significant enforcement activity” against the Lebanon-based extremist group Hezbollah‘s financing. Read More
3rd February 2016
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Defendants Oakmont Financial, Inc. (Oakmont) of Boynton Beach, Florida, and Joseph Charles DiCrisci of New York, New York, an Oakmont owner and… Read More
2nd February 2016
The individual responsible for dealings between Swiss wealth manager BSI’s Singapore unit and entities linked to Malaysian state investment fund 1MDB will ask a Singapore court to release money from his bank accounts, sources familiar with the matter said on Tuesday. Read More
2nd February 2016
WASHINGTON – The United States imposed sanctions on Monday on five Russian officials it accuses of human rights abuses including four it said were involved in the 2009 death in prison of a corruption-fighting Russian lawyer. Read More
2nd February 2016
The US Drug Enforcement Agency announced Tuesday that American and European law enforcement agencies have uncovered an international money laundering and drug trafficking operation run by Hizballah that is being used to fund the terrorist organization’s operations in Syria. Read More
2nd February 2016
The European Commission will propose by the end of June stricter rules on prepaid cards and virtual currencies in a bid to reduce anonymous payments and curb the financing of terrorism, documents released on Tuesday showed. Read More
Professor Michael Levi is one of the world's foremost academics specialising in economic crime. He has been at the forefront of anti-money laundering thought leadership for much of the past thirty years. In this exclusive KYC360 interview he talks to Tom Devlin about the complexity of attempting to measure the effectiveness of AML legislation and how it is likely to evolve in future. Read More