Fraudster’s bank account, new rules for Limited Partnerships, FATF UK assessment: KYC360 Weekly Digest
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

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.

READ MORE


Banking Scandals Highlight AML’s Weakest Link: People

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.

READ MORE


Swedish bank’s offices raided in money laundering probe

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.

READ MORE


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.

READ MORE


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.

READ MORE



Sign up with KYC360 to access the free CPD wallet and receive the latest news direct to your inbox

Count this content towards your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet