The art and antiques trade has raised fears that the launch of a new government money laundering watchdog will lead to further red tape for dealers and auctioneers in the UK.
The Government is to set up a new watchdog to close loopholes used by criminals as part of a wider clampdown on money laundering and terrorist financing.
Finance leaders of the world’s top economies have agreed to review banking rules, but this does not automatically mean hard-fought financial market regulation will be rolled back, Bundesbank President Jens Weidmann told Reuters on Sunday.
Danish banks should significantly increase their focus on complying with rules to avoid money laundering and tax evasion, the Danish
Interview with John Thompson, Senior Policy Director and Head of Financial Crime Policy at the British Bankers’ Association
KYC360’s Tom Devlin interviews John Thompson, Senior Policy Director and Head of Financial Crime Policy at the British Bankers’ Association.
In January the UK Government published a consultation paper aimed at exploring new ways of tackling corporate economic crime, including criminalising conduct committed by, on behalf of, or in the name of companies.
Widened conduct rules for British bankers take effect Tuesday, adding more teeth to a regulatory framework that has been a game changer for financial firms since it was first introduced 12 months ago.
Lawmakers, members of Oregon’s law enforcement community and public interest groups on Monday spoke in favor of a bill that would rein in abusive, anonymous companies, but a spokesman for Oregon Secretary of State Dennis Richardson’s office said the legislation “still needs significant work.”
The Chinese banking regulator’s newly appointed chief on Thursday brushed aside suggestions that he would spearhead a merger of the country’s three financial industry watchdogs, describing the talk as “rumour”.
The Serious Fraud Office, the UK's specialist enforcement agency for complex fraud and corruption, today charged Barclays Plc and four of the bank's top executives with offences including conspiracy to commit fraud. The executives charged are: ...
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 ...
The regime in Tehran continues to be in a state of shock after the passage of unprecedented United States Senate sanctions on Thursday targeting Iran’s ballistic missile program, support for terrorism in the Middle East ...
Trump’s links to Russian money laundering raise new questions about secret real estate deals since election
A new report published Wednesday morning by Bloomberg reveals President Donald Trump’s lengthy ties to suspected money launderers, and another recent report suggests his family business may still be engaged in shady dealings. The Bloomberg report, ...
Finance Minister Edward Scicluna was careful not to engage with MEPs who again pressed him on Malta’s commitment to fight money laundering, Panama Papers leaks and claims of the island being used for tax evasion.
More than 70 countries have signed up to the first international treaty designed to crack down on tax evasion by
A Newport Beach business owner pleaded guilty and was immediately sentenced to five years in prison Thursday, June 22, in
The Trump/Russia scandal is STILL playing out before our eyes—and I don’t just mean the continuing investigations, or the fact
Minister of Finance Benedikt Jóhannesson held a press conference today wherein he announced that the Icelandic government has “declared war”