An investment fund can be utilised by those seeking to launder money. Investment funds are particularly suitable for money laundering
An online trading platform which sponsors UFC star Conor McGregor has reportedly been fined under money laundering laws.
Officials have said the corruption surrounding police issues is essentially a large part of the problem that inhibits their work, during a Parliamentary Institutions Committee meeting on Wednesday.
Ukrainian Prosecutor General Yuriy Lutsenko held a meeting with Attorney General of Cyprus Costas Clerides in Nicosia (Cyprus) and discussed
Bank of Cyprus, the island’s largest lender, has enhanced its internal structures and processes in order to comply with stricter
A delegation of members of the European Parliament’s Special Committee on Corporate Taxation II – or TAXE 2 – will visit Cyprus on Friday to look into the Cypriot corporate tax practice.
Ukraine’s Cabinet of Ministers has asked the Verkhovna Rada to ratify amendments to the convention with Cyprus on avoiding double taxation and preventing tax evasion.
ATHENS (Reuters) – Cyprus is enhancing requirements on commercial banks and intermediaries to know the identity of their customers, days after a massive data leak detailing how the world’s rich skipped through loopholes to park cash in low-tax jurisdictions.
Campaigners have frequently branded the UK a world money-laundering hotspot, citing the 'terrifying' scale of illicit funds that make their way through the City of London. Is this fair? What is the UK Government doing to ...
Tom Devlin interviews Sam Thampapillai, associate in the financial services disputes and investigations group at Eversheds Sutherland. Sam has focused his recent work on developing technologies and financial crime. In this video he focuses on Blockchain, offering an ...
In late November, Jay Clayton was called by a longtime client seeking advice for how the Trump administration should tackle scaling back rules on Wall Street. Mr. Clayton, a partner at Sullivan & Cromwell LLP who ...
The old Ottoman Empire had the most direct way of going about these things. When the old sultan died, his successor would seize all his brothers and half-brothers, slit their throats and dump their corpses ...
European Supervisory Authorities warn on money laundering and terrorist financing risks affecting the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European ...
China has appointed Guo Shuqing as the new head of the banking regulator, according to people familiar with the matter. Having spent much of his life working on transforming the nation’s financial system, Guo, 60, faces daunting tasks ahead as he takes on oversight of the world’s largest banking industry by assets.
The regulations apply to all-cash buyers using shell companies in places like New York City, Miami and Los Angeles.
Just 215 wealthy people were granted an investor visa for the U.K. last year after the government doubled the investment needed to 2 million pounds ($2.5 million) and introduced new money-laundering checks in 2014.
Capital One Financial Corp. is under investigation for its anti-money-laundering program, according to the company’s annual securities filing.