U.S. banks should not cut ties with foreign clients over money- laundering worries unless officials have concrete cause for concern, a leading U.S. regulator is telling staff and lenders.
The Financial Conduct Authority (FCA) is being scrutinised by a government audit, alongside a number of other agencies focused on preventing scams and economic crime.
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.
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)