12.15.17

CBA Files Money-Laundering Defence

The bank late yesterday filed its defence to AUSTRAC's initial allegations - made in August - admitting it was late filing 53,506 reports on transactions due to a systems error and that it did not adequately adhere to risk assessment requirements for automated deposit machines.



12.15.17

What's the Treasury doing about bitcoin? A senator wants to know

A U.S. senator is asking the Treasury Department to explain its efforts to ensure that bitcoin is not being used by criminals and terrorists to evade bank regulations.



12.15.17

Gibraltar to Launch License Scheme for Blockchain Startups

The Gibraltar Financial Services Commission (GFSC) plans to create a new a license for startups working with blockchain.



12.15.17

Australia's Commonwealth Bank faces more breaches claims

AUSTRALIA'S financial intelligence agency expanded an anti-money laundering probe into the Commonwealth Bank today to include new claims that it failed to adequately monitor suspected terrorist financiers.



12.15.17

Few signs of economic progress during Lebanon's 'year of the ostrich'

Geopolitical uncertainty, corruption and the Syrian refugee crisis weighed on the economy in 2017



12.14.17

Why corruption trials of 16 ex-governors linger in Nigerian courts since 2007

The trial of former Nigerian governors for offences bordering on corruption and money laundering may continue to linger in different high courts in the country as a result of unending appeals and other submissions by the defendants.



12.14.17

ZIONIST UNION UNVEILS PLAN FOR FIGHTING CORRUPTION

The second step is aimed at removing politics from positions in national and local government.



12.14.17

New survey shows the White House is now considered the most corrupt institution in the US

The results of a survey released today by Transparency International show that compared to early 2016 more Americans now believe corruption is on the rise in the US and that the White House is the most corrupt of nine key institutions.



12.14.17

Ukraine MP Calls to Expedite Anti-corruption Court Legislation

A Ukrainian lawmaker is calling on President Petro Poroshenko to submit a promised draft law establishing a special anti-corruption court before the current parliamentary session concludes next week.



12.14.17

When will Congress free itself from corruption,asks Piyush Goyal

Union Minister Piyush Goyal on Wednesday questioned when the Congress would free itself from corruption.



12.13.17

U.S. SANCTIONS ON N. KOREA TAKEN LIGHTLY ABROAD

The latest episode in the ongoing saga between the United States and North Korea saw the East Asian country recently become designated as a state sponsor of terrorism once again, following the country's removal from the list by President George W. Bush nearly a decade ago.



12.13.17

Aussie AML Legislation Will Encompass Cryptocurrency Exchanges

An expansion of Australian Anti-Money Laundering regulatory measures will prompt cryptocurrency exchanges to engage in increased account monitoring and to register with a government agency.



12.13.17

Nationwide investigation of businesses launched

Authorities yesterday launched investigations into more than 500 businesses nationwide in a coordinated effort headed by the Ministry of Justice's Investigation Bureau to clamp down on fraudulent accounting, money laundering and other economic crimes.



12.13.17

FX TRADER FACES CIVIL PROCEEDINGS OVER LACK OF ANTI-MONEY LAUNDERING PROCESSES

in Yuan Finance, an Auckland-based foreign exchange trader, will face civil charges under anti-money laundering law in the Auckland High Court.



12.13.17

Money from fake goods trade funds terrorism, drugs, officer says

Terrorists, traffickers, money-launderers and members of international crime syndicates have been using revenues generated from the trade in counterfeit products to abet criminal activity, Gulf News was told on Tuesday.



12.12.17

India, Russia, China resolve to step up counter-terror co-op

India, China and Russia today resolved to step up cooperation to counter terrorism, including choking terror funding and dismantling terrorist infrastructure, as the Indian side flagged concerns over increasing acts of terrorism by Pakistan-based terror outfits such as Lashkar-e-Taiba



12.12.17

Britain steps up battle against money laundering

Britain said on Monday it would create a new national economic crime center to crack down harder on money laundering by drug dealers and people traffickers who are expected to net 90 billion pounds ($120.3 billion) this year.



12.12.17

HSBC draws a line under money laundering scandal

HSBC has drawn a line under scandal that saw it fined $1.9bn (?1.4bn) in the US five years ago for failing to prevent Mexican drug cartels from laundering hundreds of millions of dollars.



12.12.17

Analysis: What the Vatican does to stop money laundering

The Council of Europe's Moneyval committee has praised the Holy See's financial intelligence unit, the Financial Information Authority, in a report published last week.



12.12.17

HSBC avoids prosecution as US deal lapses

US authorities are lifting the threat of prosecution against the British banking giant HSBC, five years after it admitted to widespread money laundering and sanctions violations, the bank said Monday.



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