A former City regulator, Tracey McDermott, has been appointed to a top job at the bank Standard Chartered.
It is nearly ten years since the onset of the largest financial crisis since the Wall Street Crash and Great Depression, and the search for its villains continues.
Rizal Commercial Banking Corp. (RCBC) said Tuesday it hired a former official of the Anti-Money Laundering Council as chief compliance officer, as the bank continues to beef up its management team.
The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015.
How do terrorists move money? This article examines six of the most widely used methods: cash couriers, informal transfer systems (e.g. hawala), money service businesses, formal banking, false trade invoicing, and high value commodities.
A former Bank of America employee has been cleared by a Swiss court of money laundering charges in connection with the collapsed Parmalat dairy scandal. The accused was set free after being found guilty of falsifying documents and being fined.
The Halifax Bank of Scotland fraud trial is highly unusual in that senior bankers are convicted of crimes, including fraud and hiding the proceeds of crime, in the boom of irresponsible lending ahead of the 2008 crash.
Eugene Soltes is a professor at Harvard Business School as well as the author of “Why They Do It”, which focuses on white-collar crime.
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.