China’s central bank said on Thursday it met with nine smaller local bitcoin exchanges to discuss risks and problems in the bitcoin market, and warned them that they risk closure should they seriously violate the country’s regulations.
Lloyds Banking Group is to review all customer cases that may have been affected by a corruption scam involving managers at its HBOS subsidiary.
Dutch lawyers and rights activists Thursday filed a criminal complaint against Rabobank accusing the lender of complicity in money-laundering by Mexican drug cartels and urging prosecutors to investigate.
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.
A senior banker, financial consultant and their associates who conspired to enrich themselves, driving businesses into the ground in the process, have been jailed for almost 50 years after being convicted of corruption, fraudulent trading and money laundering.
Along-hidden, secret report by a former senior MI6 officer has triggered a financial scandal after allegedly uncovering evidence South African banks “looted the state” during the apartheid regime.
Big US banks are warning that money laundering is one space the place they anticipate Donald Trump to keep up tough regulatory requirements, regardless of the brand new president’s pledge to ease burdens the place potential.
Transaction laundering is the new sophisticated form of money laundering and terrorism financing and is one of the biggest challenges facing the AML regime today.
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.