The US decision to withdraw from the joint Iran nuclear deal is regarded as a huge blow not just to Iran’s economy, which the deal was expected to help revive, but also to European and other firms that had swiftly ventured to Tehran to sign business agreements after the deal… Read More
Gangs specialising in advising drug dealers, fraudsters and other criminals on how to shift and launder dirty cash are thriving across various jurisdictions and posing a threat to the banking system. Although governments have tried to create a hostile environment for criminals by rolling out various anti-money laundering (AML)… Read More
There were scenes of furious protesters chanting slogans, reports of shootings and armed soldiers brutally beating up civilians on Wednesday in the city of Harare, where I live. According to news reports, six people died in the violence. I had to dash out of the office for safety reasons and… Read More
It’s not always easy migrating to a new regime, and it’s expected that there’ll be some humps and bumps along the way with adjusting to various changes. So spare a thought for the legal fraternity in New Zealand, where new anti-money laundering rules have hit rather hard, and baffled lawyers… Read More
On July 16th, the European Union instituted a sanctions program that targets members of the current government of the tropical nation of the Republic of Maldives, after President Abdulla Yameen declared a state of emergency and arrested prominent members of the judiciary and the opposition party earlier this year. Read More
Over the years, we have seen a steady growth of biometric technology for innumerable reasons but mostly due to the fact that personal identification and authentication is considered more important than ever. The practical uses of biometrics is growing rapidly, with the aim of bringing more security to consumers and… Read More
Investing in the tropical Mount Cinnamon Resort in Grenada, with its white sand beaches, buys more than a slice of paradise – it comes with citizenship and a passport with visa-free entry to almost 130 countries. Few who take up the offer may ever visit their new homeland but for… Read More
Major financial institutions are drowning in data. With hundreds of thousands of customers, and literally billions of records scattered across multiple industries, sectors and geographic regions, accurately detecting money laundering is not so much like finding a needle in a hay-stack as finding a needle in the entire hayfield. In… Read More
By Eoin Mac Aodha (Senior Associate, Dublin) and Viv Jones (Principal Associate, London), Eversheds Sutherland. Ireland’s new anti-bribery law contains tough provisions, including a presumption of corruption when advantages are given to public officials in certain circumstances. What does this mean for Irish businesses? And will multinational businesses have to… Read More
Financial crime staff in UK firms or in those firms with substantial links to the UK would be well advised to read the 2018 National Strategic Assessment of Serious and Organised Crime (the Assessment) recently published by the National Crime Agency (NCA). The Assessment was published shortly after Rob Wainright,… Read More