12.05.16

TRENDING: LATIN TERROR FINANCING AND FINCEN ADVISORY

In 2016, the unpredictable nature of, and constant threat posed by, ISIS and other terrorist groups has become a frightening part of every day life for civilians across the globe, and a threat to the physical, financial, and in some cases political, security of the countries these citizens inhabit.



12.05.16

Cristiano Ronaldo linked to tax evasion and money laundering

Cristiano Ronaldo and Jose Mourinho could have been involved in a multimillion-euro system of "tax evasion", according to leaked documents obtained by a number of media outlets. A group of 12 European newspapers said it intends to disclose over the next...



12.05.16

As Brazil Mourns The Chapecoense Plane Crash, Its Congress Guts Anti-Corruption Laws

The lead prosecutor of a high-profile corruption case in Brazil is accusing the government of using the tragedy of a recent plane crash to sneakily pass a law that will protect dirty officials.



12.05.16

Singapore Fines Banks for 1MDB Fund Links

Singapore regulators said Friday they will fine two banks a total of over $5.3 million for having breached money laundering rules in dealings with an indebted Malaysian state fund.



12.05.16

Goldman boss to be banned for 10 years following £792m corruption probe

A former Goldman Sachs banker is set to be banned for ten years for his role in a £792million corruption case.



12.02.16

U.S. failing to curb money laundering by shell companies: task force report

The United States received failing scores for its efforts to prevent the laundering of criminal proceeds by shell companies, accountants and real estate agents, the Financial Action Task Force (FATF) said in a report released Thursday.



12.02.16

Financial Services needs to radically rethink crime protection and prevention

Despite significantly increasing investment in compliance and being continuously under the scrutiny of regulators, economic crime in Financial Services has increased, showing new thinking is needed to make investment in compliance deliver more value and tackle economic crime.



12.02.16

Brazil’s Anti-Corruption Bill Now Seeks to Punish Judges

Brazil’s lower house of Congress passed a watered-down package of anti-corruption measures that fails to impose tougher rules on civil servants and makes it easier to prosecute judges for so-called responsibility crimes.



12.02.16

Digital currency protected by new industry code

The first Australian Digital Currency Industry Code of Conduct has been launched by the Australian Digital Currency and Commerce Association (ADCCA).The code is designed to protect digital currency and assist consumers in identifying digital currency businesses that have best practice standards put in place.



12.02.16

Inspection reveals money laundering problems in some Latvian non-resident banks

Nov 30 Several Latvian banks that cater mainly to non-residents lack sufficient quality control of clients and have issues with money laundering, an independent investigation by three U.S. consulting companies revealed on Wednesday.



12.01.16

UK money laundering regulation: All Change?

A number of very significant changes are being made to the UK anti-money laundering regime. This alert summarises the changes and considers the potential impact on businesses in the regulated sector.Companies should track the progress of the Criminal Finances Bill and the proposed amendments to the Fourth Money Laundering Directive so that they can make their views heard and are ready to implement the changes.



12.01.16

Philippine bank says it won't compensate BB for reserve heist

"Bangladesh Bank was the one who was negligent. We, therefore, urge Bangladesh Bank to be transparent to the Philippine government which has done so much to help them and show us who really stole from them," said Rizal Commercial Banking Corporation's counsel Thea Daep in a statement.



12.01.16

European Commission Adopts new AML Laws

On November 28, 2016, the Council of the EU published a Commission Delegated Regulation (C(2016) 7495 final) amending Commission Delegated Regulation (EU) 2016/1675 supplementing the...



12.01.16

FinCEN Publishes Technical Amendments to Anti-Money Laundering Regulations

The US Financial Crimes Enforcement Network published technical amendments to anti-money laundering (AML) regulations implemented pursuant to the Bank Secrecy Act (BSA).



12.01.16

Phillippines Laundering probe eyed

The Department of Justice will investigate the possible criminal liability of members of the Anti-Money Laundering Council for obstruction of justice.



11.30.16

U.S., Foreign Officials Meet Over Threat of ISIS in Latin America

The international community is increasingly concerned that the Islamic State and other terror groups may be exploiting weakness in Latin America to fund their terrorist activities.



11.30.16

Philippines anti-money laundering watchdog sues bankers for ignoring Bangladesh Bank

Criminal charges against 5 RCBC bank officials have been filed in connection with the cyberheist...



11.30.16

Black cash hoarders given last chance to come clean by paying HALF in tax

Black money hoarders have one last chance to declare their unaccounted funds in Rs 500 and Rs 1000 rupee notes during the 50-day demonetisation window by paying 50 per cent in tax...



11.30.16

S. Korea to improve money laundering risk alert system

SEOUL, Nov. 29 -- South Korea will create a government-led national risk assessment (NRA) system on money laundering and terrorist financing, related authorities announced Tuesday...



11.30.16

Ukraine urged by EU to tackle corruption

The EU hopes underwear protests against corruption in Ukraine could become a thing of the past...