How do terrorists move money? This article examines six of the most widely used methods: cash couriers, informal transfer systems (e.g. hawala), money service businesses, formal banking, false trade invoicing, and high value commodities.
Three associates of Hizbullah party suspected of laundering cocaine money for the Colombian cartel have been busted after agents said
NNA – Central Bank Governor, Riad Salameh, called for implementing international standards and issuing required regulations so as to combat
Hezbollah’s terrorism finance operations are thriving across Latin America months after the Drug Enforcement Administration linked the Iran-backed Lebanese militant group to drug cartels in the region, U.S. lawmakers were told Wednesday.
Washington wants Lebanon and other countries to prohibit Hezbollah from dealing with all international currencies and not only the dollar, a banker revealed Tuesday.
BEIRUT: The Central Bank has banned the issuance and use of prepaid cards in Lebanon in a move to tighten anti-money laundering and terrorism-funding measures. The decision was taken by the Central Bank Council on March 23 and said these types of cards can be used in money laundering and terrorism funding operations.
As regulatory compliance initiatives move toward utilizing machine learning and artificial intelligence (AI), what effect might the increased efficacy of AML programs have on developing nations and small financial players without large compliance budgets? More ...
In a cover story for Dawn, Pakistan's leading English-language newspaper, journalist Khurram Husain writes that money laundering has become central to the normal functioning of the country's economy. Speaking to Amos Wittenberg, Khurram explains how this came ...
Scrapping the Serious Fraud Office is a huge step backwards in the UK’s fight against financial crime
In its manifesto, released yesterday, the Conservative Party pledged to abolish the Serious Fraud Office (SFO) as an independent agency, instead merging it with the much larger National Crime Agency (NCA): 'We will strengthen Britain’s response ...
On 3rd April 2017, the UK Treasury gained access to new penalties for individuals and firms that breach UK financial sanctions. Under the new rules, any persons deemed to have been involved in serious breaches after the ...
Barrister & leading financial crime investigator Tom Devlin offers practical guidance on creating a watertight and cost effective compliance regime. He looks at systems, employee training and continuing professional development, and the critical but often overlooked issue of corporate ...
The US Chargé d’Affaires at the Embassy in Sudan cannot say how the Trump administration will deal with the decision
FinTech has no doubt changed the face of the financial services industry in the U.S., but experts are beginning to
The Monetary Authority of Macao announced on Friday the establishment of a “Financial Security Expert Alliance”, in collaboration with the
The White House moved Friday to calm an exasperated world after a close adviser to President Donald Trump suggested the