On 25 May 2015 the Irish Times published the following article by Stephen Platt, author of Criminal Capital: How the Finance Industry Facilitates Crime:  Another week, another series of record banking penalties. JP Morgan, Barclays, RBS, Citigroup and UBS have been fined a total of $5.7… Read More
At the recent 47th Plenary of MONEYVAL it was decided that the overall progress of Bosnia and Herzegovina in addressing its AML/CFT deficiencies under the Compliance Enhancing Procedures remained insufficient. MONEYVAL considered that although amendments to the country’s Anti-Money Laundering and Counter Financing of Terrorism Law had been made, other necessary amendments to its Criminal… Read More
On 25 February 2015 Benjamin Lawsky, Superintendent of Financial Services for the State of New York, gave a fascinating speech on financial regulation at Columbia Law School. Of interest to AML professionals, the speech, entitled “Financial Federalism: The Catalytic Role of State Regulators in a Post-Financial Crisis World”, dealt with:… Read More