04.20.18

Mastercard - Denouncing Cryptocurrencies While Embracing Blockchain

Blockchain technology has shaken up the financial world by providing a system for transactions that does not need a central authority, bank or third party payment system.



04.20.18

Tackling corruption: 6 takeaways from the World Bank Spring Meetings

Representatives from the World Bank, business, technology companies, media, and law enforcement discussed ways in which they can work together to combat corruption during the Spring Meetings.



04.20.18

EU adopts 5th Anti-Money Laundering Directive to fight against money laundering

The European Parliament has adopted the 5th Anti-Money Laundering Directive to bring transparency to fight money laundering and terrorist financing across the European Union



04.20.18

New measures coming to ensure NZ is only a place for 'honest business'

The Government intends to make it easier to identify the true owners of New Zealand companies.



04.20.18

Co-conspirator William Popkave testifies in Richard Brega's bribery corruption trial

Testimony from the former transportation supervisor of Rockland BOCES at Richard Brega's federal corruption trial detailed a scheme by the two men to create fake invoices for maintenance of school buses that were never brought to the repair shop.



04.19.18

Beneficial Ownership Tool Becomes Available to All

"Know Your Customer and Customer Due Diligence requirements are some of the most problematic areas of regulatory compliance." stated Dominic Suszek, CEO of Global RADAR. Limited functionality, the lack of integration between systems and high costs have been a barrier too long.



04.19.18

How the Kremlin's anti-corruption agenda masks federal control in the North Caucasus

Should we welcome the anti-corruption campaign launched by Moscow in Russia's regions?



04.19.18

A Job Opening with Guatemala's Corruption Fight in the Balance

In her four years as attorney general, Thelma Aldana has helped make Guatemala's push against corruption the envy of Latin America, bringing graft accusations against two former presidents, the current mayor of Guatemala City, and a handful of business and political leaders once thought to be untouchable.



04.19.18

DEP employee allegedly at center of $165M construction bribery scheme

The former head of contracts and procurement at the city Department of Environmental Protection agency is at the center of a $165 million bribery scheme that funneled work to construction and engineering companies, officials allege.



04.19.18

Cryptocurrency: New York launches inquiry, saying people lack 'basic facts'

The New York attorney general, Eric Schneiderman, launched an inquiry into cryptocurrency exchanges on Tuesday arguing that consumers often don't have access to "basic facts" about how they operate.



04.18.18

A breakdown of FinCEN's Beneficial Ownership Guidance (a two part series)

While financial institutions across the United States have had ample time to wean in any and all alterations needed to ensure their compliance with the new regulations, as the clock ticks closer to the deadline, there is still much work to be done, and many questions still remain amongst the heads of these respective entities.



04.18.18

Is going after Russian oligarch's property assets the key to inflicting pain on Putin?

It is not just houses. The UK is also a top destination for wealthy Russians to spend their money on art collections, expensive cars and private schools for their children.



04.18.18

Ethiopia Fights Out Corruption

To effectively translate the Growth and Transformation Plan fighting corruption and improprieties tooth and nail must get focal attention.



04.18.18

Vancouver councillor says simpler zoning would eliminate perception of corruption at city hall

A Vancouver city councillor concerned about the threat of corruption is calling for a simpler zoning process on the Cambie corridor.



04.18.18

CEO sacked as police investigate corruption allegations

Senior figures from the lead contractor on the Turnbull Government's Snowy 2.0 program have taken legal action to prevent federal police accessing files seized during a raid.



04.17.18

LESS THAN 4 WEEKS UNTIL THE NEW FINCEN CDD RULE GOES INTO EFFECT !

New Customer Due Diligence (CDD) Beneficial Ownership requirements have shifted the focus of compliance to an area that has historically been challenging. More importantly, maintaining and reporting of beneficial ownership information is now a requirement for financial institutions.



04.17.18

Should America go cash-free?

Is cash history? The arrival of the digital age has inspired many people to argue its demise is inevitable



04.17.18

New corruption scandal hits Detroit Metro Airport

Federal prosecutors charged a Detroit Metropolitan Airport contractor Monday in a conspiracy that defrauded the Wayne County Airport Authority out of $1.5 million, the first public indication of a broader corruption conspiracy.



04.17.18

Bitcoin tools could make finance system safer, says IMF boss

The advance of bitcoin and other digital currencies could make the global financial system safer despite the prospect of "inevitable" accidents waiting to happen, the head of the International Monetary Fund has said.



04.17.18

ComplianceAsia launches a specialist Anti-Money Laundering Compliance Services for Hong Kong's Companies

ComplianceAsia has partnered with Suzanne Callister in forming AML Services Limited to specifically assist with compliance with the new provisions of the Anti-Money Laundering(AML) Ordinance that come into effect on 1 March 2018.



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