The British government opened a long-awaited consultation on how to crack down on corporate fraud, money laundering and false accounting on Friday, in what it billed as an effort to repair public trust in businesses and improve accountability.
Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U.S. agencies take in creating and applying new rules, continuing their blitz to radically reform “abusive” federal regulation of areas from the environment to the workplace.
Taiwan yesterday signed a memorandum of understanding (MOU) with Saint Lucia Monday on cooperation in the battle against money laundering, the funding of terrorism and other major forms of financial crime.
China’s forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan’s prospects to themselves, several bankers said.
New rules for banks under the Amendment to the Anti-Money Laundering Act (“the Amendment”) came into effect on 1 January 2017.
Financial lobbyists on Tuesday applauded a bill in the U.S. House of Representatives that would require the Securities and Exchange Commission to review the costs of rules before putting them into force, which is part of a broader push from Republicans to reform regulation.
As it publishes its annual report today, the U.K.’s Financial Reporting Council (FRC) reveals it has asked the government for more oversight powers.
In June 2015, the European Union’s fourth anti-money laundering directive (“4MLD”) was enacted, with the requirement that all member states transpose the rules into national law within two years. The directive is the EU’s main instrument for preventing the misuse of its financial system by money launderers and supporters of terrorism.
Today is the 85th anniversary of the founding of the North Korean army. Amidst concerns that the event might be marked by yet another nuclear missile test, Donald Trump on Monday urged the UN Security Council to ...
In the first of a new series of audio interviews, Amos Wittenberg speaks to Viv Jones of Eversheds Sutherland solicitors about international anti-bribery regimes. Viv wrote recently for KYC360 on Kenya's latest piece of anti-bribery legislation. https://vimeo.com/213859331 Transcript (note this transcript ...
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, and ...
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 ...
What exactly is being proposed? A public register of the beneficial owners of UK property held by overseas companies and other legal entities. Beneficial owners of overseas firms involved in central Government procurement would also be ...
AIB’s failure to comply with anti-money laundering reporting procedures was a stain on the lender, chairman Richard Pym has said.
The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force will set up
Congressional Republicans’ proposal to replace Dodd-Frank, the Financial Choice Act, received endorsements this week from two major financial players —
The Enforcement Directorate has registered a money laundering case in the Narada ‘sting’ where a number of Trinamool Congress (TMC)