14th April 2021
Only 57% of lawyers had a business risk assessment (BRA) in place last year, placing them last in a list of sectors that includes credit institutions, gaming companies, trust services providers, notaries and accountants. Lawyers remained laggards in a league table of sectors obliged to have a business risk assessment,… Read More
14th April 2021
The Corruption Prevention and Combating Bureau (KNAB) has not found evidence of corruption on the part of ABLV Bank’s managers, which has been alleged  by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), LETA learned. At the same time, KNAB has not managed to find evidence to… Read More
14th April 2021
Last month much of the traditional art world had not heard of Mike Winkelmann. Then the digital artist sold a piece that only exists online for £50 million at a Christie’s auction. Beeple, as he is professionally known, is now the third most expensive living artist in terms of auction… Read More
13th April 2021
The cybersecurity provider Darktrace has warned that the fraud allegations against its founding shareholder, the former Autonomy chief executive Mike Lynch, threaten its prospects as it gears up for a £3bn stock market debut. In documents published as part of the formal process that must be followed before a London… Read More
13th April 2021
President Biden is nominating a former Obama-era official to oversee major white-collar, narcotics and cybercrime investigations at the U.S. Justice Department. The White House on Monday said it would nominate Kenneth Polite, who served as U.S. attorney in New Orleans under President Barack Obama, to serve as the assistant attorney… Read More
13th April 2021
The last decade or so has seen a significant increase in the scale and responsibility of the compliance function. Major financial institutions have made substantial investments in the sector, resulting in a huge array of opportunities for those looking to work in compliance. Although this increase in interest has been… Read More
13th April 2021
By Julett Pineda Sleinan, OCCRP, 12 April 2021 OCCRP — Trying to combat its reputation as a money-laundering haven, Cyprus has launched a new registry that requires companies to reveal their true beneficiaries – a measure the country said it has adopted to improve transparency and… Read More
13th April 2021
The UK government has added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls. This list of 21 countries — released by the UK Government — replicates the list of countries named by the Financial Action Task Force (FATF) as high-risk or… Read More
13th April 2021
The Reserve Bank of New Zealand (RBNZ) said on Tuesday it was expanding its regulatory resources with a new standalone enforcement department focusing on compliance in the banking, insurance and anti-money laundering sectors. The new department and the bank’s separate supervision team will work closely to achieve compliance goals, RBNZ… Read More
13th April 2021
HSBC and Huawei Technologies’ Chief Financial Officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to U.S. fraud allegations against her, their lawyers told a Hong Kong court. The judge, Linda Chan, made court orders along the lines of the agreement, she said… Read More