I am going to talk this morning about LIBOR. That often causes an intake of breath! LIBOR, or more precisely the
Global consultancy firm PriceWaterHouseCoopers’ India unit has been taken to court by a former executive who has alleged ‘falsification of
The consultation sets out draft expectations about how professional body supervisors can meet their obligations in relation to AML supervision.
Stephen Platt, Chairman of KYC Technologies, offers an optimistic perspective on the impact of technology on AML compliance.
This week, the Consumer Financial Protection Bureau (CFPB) issued their long-awaited final rule to limit the use of forced arbitration clauses in
If you have opened a bank or credit card account, it’s likely that your contract included an arbitration clause. Arbitration
In May we took the plunge and blogged about the forthcoming money laundering regulations (which seemed to have gone largely unnoticed until
This article first appeared on LinkedIn and is republished here with the author's permission. I admit it, several of my friends launder money, and yours do to. The four cases below show just how easy it ...
This article was written by Natasha Reurts for the Bright Line Law Portal, and is republished here with BLL's permission. In March of this year, the UK government announced the introduction of a new anti-money laundering ...
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 ...
We know there are tax havens. We just can’t agree on where they are. Although many countries recognise that major corporations divert tax revenue—there’s a reason, after all, why US multinationals hold more than $2 trillion ...
The UK’s Financial Conduct Authority (“FCA”) recently published the final version of guidance on how financial services firms should treat politically exposed customers in order to meet AML obligations. The guidance applies to all firms ...
New Canadian banking rules that took effect July 1 are a “game changer” that could help governments in Victoria and
MAS working with group of Singapore banks to build joint KYC utility for countering money laundering and terrorism financing
In a speech delivered at the Association of Banks in Singapore (ABS) Financial Crime Seminar on July 2017, Mr. Chua Kim
Unicredit, Italy’s largest bank, suffered a data breach affecting 400,000 customers, BBC News reports. The bank said personal data and
Uzbekistan said Friday that it has jailed the eldest daughter of late president Islam Karimov, Gulnara Karimova — once a