Italian police have launched an investigation against an Italian financial broker linked to a former HSBC branch in Lugano, Switzerland.
Renowned expert and author of ‘Asset Forfeiture Law in the United States’ Stefan Cassella considers a recent district court ruling which held that a district court may consider the impact of a criminal forfeiture order on the defendant’s future ability to earn a living as one factor in the “proportionality” analysis under the Excessive Fines Clause of the Eighth Amendment. But a court may not consider the defendant’s personal circumstances, such as his age, health, or present ability to satisfy the forfeiture order.
French bank agrees not to contest the civil forfeiture of $156 million involved in a conspiracy to violate the international money laundering statute
Renowned expert and author of ‘Asset Forfeiture Law in the United States’ Stefan Cassella examines a recent judgement whereby a French bank agreed not to contest the civil forfeiture of $156 million involved in a conspiracy to violate the international money laundering statute.
It has been revealed that a spelling error prevented hackers from stealing around $1bn from Bangladesh Bank last month. The
Does a huge fine imposed on South African telecommunications company MTN by the Nigerian government point to a shifting regulatory landscape in Africa’s largest economy? KYC360 investigative reporter Clementine Wallop presents an exclusive report.
What lessons can be drawn from a decade of fines imposed for failures in AML controls by the FSA and the FCA? This exclusive special report expands upon a landmark analysis of UK enforcement actions to illuminate the pitfalls faced by UK-regulated financial institutions.
The European Council has added three states to the Annex 1 list of non-cooperative jurisdictions, dubbed the EU tax blacklist, saying they have failed to make commitments at ‘a high political level’ to address issues ...
Victims of a fraud which leads them to transfer money to a con-artist are typically losing nearly £3,000 each, new figures show. The cost of so-called authorised push payment fraud has been calculated by UK Finance, ...
By Rachel Crabtree, senior associate, and Michael Carter, director, Alvarez & Marsal Disputes & Investigations With cryptocurrency vastly on the rise, crypto proponents are pushing for more open financial systems to, in part, serve the ...
Fitness instructor Ed Lumsden was trying to log in to his online bank account last week when he discovered HSBC (HSBA.L) had closed it without warning. Lumsden, who counts British television presenter Davina McCall among ...
By Amos Wittenberg In the field of NFC readers and facial recognition technology, passports seem a little old hat: delicately
Financial institutions today face scrutiny at an unprecedented level and may be subject to civil and criminal penalties for any
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A London-based compliance officer is amused at what bank workers reveal to him about their knowledge of their firms and