Standard Chartered Singapore and Coutts & Co were on Friday (Dec 2) fined S$5.2 million and S$2.4 million, respectively, by the Monetary Authority of Singapore for breaches of anti-money laundering (AML) requirements that occurred in the context of 1MDB-related fund flows.
Save the Children say £950m is needed by those affected by Boko Haram, with tens of thousands of children at risk of death in areas held by the group.
Casinos, real estate developers and dealers of high-value items will have to report any cash transaction exceeding P500,000 or $10,000 to the Anti-Money Laundering Council (AMLC) to help stop any illegal fund transfers in the Philippines.
Privacy hearings surrounding a former senior Barclays investment banker’s unfair dismissal claim have been adjourned until May next year, the FT reported.
On 21 November 2016 the FCA issued a booklet aimed at consumer credit firms setting out good and bad practice on compliance with obligations under the Money Laundering Regulations 2007 (MLR).
Hackers have days ago breached a Liechtenstein bank and are allegedly blackmailing customers by threatening to release their account data if ransoms are not paid.
Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules
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”