Stefan Cassella of Asset Forfeiture Law, LLC comments on US v Rains, which evaluated the definition of ‘excessive’ forfeiture of property in
The former director of the Financial Limited network, Charlie Palmer, who is attempting to challenge a Financial Conduct Authority (FCA) decision to fine him, said he knew better than the regulator how to run a business.
The United States is providing Trinidad and Tobago with assistance in combating money laundering and terrorism financing, the US Embassy here announced Tuesday.
HSBC is being investigated by the City watchdog over concerns about its anti-money laundering controls, Europe’s biggest bank revealed as it posted a shock plunge in profits that sent its shares tumbling.
New Zealand’s market regulatory, the Financial Markets Authority (FMA) looks to be toughening up on firms and reporting entities (REs) which are required to provide the regulator with independently produced AML/CFT audit reports.
Coutts, owned by Royal Bank of Scotland, allowed a total of $2.4bn worth of assets related to the Malaysian development fund to flow through accounts in Switzerland.
The Serious Fraud Office’s successful £13million probe of Rolls-Royce, which resulted in a £671million fine, was a boon for SFO boss David Green.
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.