Latvian regulators fined two more lenders over involvement in attempts to circumvent international sanctions on North Korea, bringing the total
When some of Latvia’s banks became infected with dirty money, all paid the price. “Correspondent” banks—international banks that clear smaller
Supported by Europol’s European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT), as well as Eurojust and the European Banking Federation (EBF) the second coordinated European Money Mule Action (EMMA) culminated in the arrest of 178 individuals.
The law enforcement agencies of Latvia and Ukraine should cooperate more closely in making the decision on transferring EUR 50
Latvia has recovered to the national budget EUR50 million of funds of the former Ukrainian high-ranking officials arrested within the
Documents leaked to the Organized Crime and Corruption Reporting Project (OCCRP) from Latvian banks appear to offer instructions to clients on how to use fake offshore companies associated with the bank to launder money or evade taxes.
Penalties for banks and their employees violating anti-money laundering regulations will become tougher in Latvia under amendments to the Credit Institution Law passed by Saeima on June 2nd, informs LETA.
Regulators the world over are stepping up the war against financial crime, issuing a raft of rules and hitting banks with some serious penalties. Despite these efforts, it’s still not uncommon to hear of financial ...
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to the regulated community in the UK, Guernsey, Jersey, the Isle of Man and Gibraltar, ...
Catalan President Carles Puigdemont’s declaration to suspend independence on Tuesday may have disappointed the ‘Catalexit’ camp, but a move to immediately break away from Spain would have triggered insurmountable challenges, including financial regulatory obstacles. Addressing Cataln’s ...
Despite all of the best efforts by regulators, clients and even the banks themselves, bank fraud still goes on. A report by the UK’s National Audit Office (NAO) claims that banking fraud is still rising ...
9 October 2017 KYC360 News The United States has lifted key sanctions on Sudan, ending more than two decades of economic restrictions with the North African state. The revocation, which will be effective as of 12 October, is ...
Global consultancy firm McKinsey has admitted that it found violations of its professional standards, as its probe into the firm
The journalist who led the Panama Papers investigation into corruption in Malta was killed on Monday in a car bomb
The European Union on Monday ratcheted up pressure on North Korea (DPRK) over its nuclear, imposing fresh restrictions aimed crippling
Ernst & Young has been hit with a £2,75 million penalty, reduced to £1,8m, for misconduct in the audit of