14 Dec 2018
What have been some of our biggest talking points? Keep up-to-date with our weekly digest – our essential, recommended reads:
EU Lawmakers Adopt Plan to Create Multiple Financial Crime Agencies
European Union lawmakers on Tuesday adopted a plan to give the economic bloc a new law enforcement agency, financial intelligence unit and watchdog group as part of an effort to clamp down on money laundering.
Banking Scandals Highlight AML’s Weakest Link: People
Recent headlines on “money laundering scandals,” “laundromats” or [INSERT SENSATIONAL NICKNAME HERE] have gotten the attention of policymakers, governments and banks in such a way that it might like seem like the underlying criminality is a new phenomenon. But none of it should be surprising to those tasked with fighting financial crime.
Swedish bank’s offices raided in money laundering probe
Swedish authorities were raiding the headquarters of one of Sweden’s largest banks on Wednesday as part of an investigation into whether Swedbank was connected to a massive money laundering scandal in the Baltic countries.
Financial crime: Court orders banks to open account for convicted fraudster
The Royal Court in Jersey has ruled that a trust for a convicted fraudster should be allowed to open a bank account on the Isle, despite being denied banking services in other jurisdictions.
Money laundering: UK publishes measures to address abuse of Scottish Limited Partnerships
The United Kingdom has announced new measures it says will boost transparency and tackle the misuse of Scottish limited partnerships (SLPs), following a consultation on reforming limited partnership law and a number of high-profile money laundering scandals.
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