Featured Trust & Corp Svcs

George Pearmain, lead policy adviser on financial crime for Jersey, on his concerns and priorities for the Island

George Pearmain, lead policy adviser on financial crime for Jersey, on the past successes and future challenges for the island's financial crime prevention regime. Read More

Stephen Platt, Chair of the KYC Technologies Group, on the impact of tech on AML compliance

Stephen Platt, Chairman of KYC Technologies, offers an optimistic perspective on the impact of technology on AML compliance. Read More

Simon Gaudion of the Guernsey FSC on the changing financial crime landscape for offshore

KYC360's Tom Devlin interviews Simon Gaudion, Director of the Enforcement Division at the Guernsey Financial Services Commission. Read More
27th August 2018
The UK’s parliamentary research department has published a paper on registers of beneficial ownership. The study outlines the beneficial ownership structure in the UK, and also looks at issues around its Overseas Territories. It explains that the UK has registers of beneficial ownership for three different types of assets: companies,… Read More
1st May 2018
The government has published a consultation into changes to Scottish limited partnerships (SLPs), which it says are being used to launder billions of dirty money for criminals. SLPs are business entities created by two or more partners where at least one partner is liable for what they invest. The proposed… Read More
22nd December 2017
An offshore firm connected to the Paradise Papers has been ordered to pay almost €53m after a court ruled it had “manufactured” correspondence in a deliberate attempt to help a mother hide money from her estranged daughter. Appleby Mauritius, an offshore services firm owned by the law firm Appleby until… Read More
7th December 2017
KYC360 News A group of non-governmental organisations have filed a criminal complaint against oil giant Shell and its current and former European directors, calling on the Dutch government to investigate them for foreign corruption and complicity in money laundering in Africa’s largest economy. Shell is alleged to have purchased… Read More
6th December 2017
KYC360 News The laundering of billions of dollars from a Malaysian government wealth fund using offshore companies is the worst type of kleptocracy [seen], according to US Attorney General Jeff Sessions. Sovereign wealth fund 1Malaysia Development Bhd (1MDB) was set up by the Malaysian government to promote economic development,… Read More
5th December 2017
KYC360 News The European Union on Tuesday published its long-awaited blacklist of ‘non-cooperative’ states in line with its strategy to further combat tax evasion and avoidance within the bloc. The EU’s list was established following screening and dialogue conducted during 2017 with a large number of third country jurisdictions,… Read More
4th December 2017
By Jamie Grierson, Guardian and agencies. Eight suspects have been arrested in Malta over the murder of the investigative journalist, Daphne Caruana Galizia, the Maltese prime minister has said. Caruana Galizia, who was a relentless critic of corruption in the country, died in October in a powerful car bomb blast… Read More
29th November 2017
By Kurt Sansone, Malta Today German police will pass on a cache of Panama Papers data to the magistrate leading the inquiry into Daphne Caruana Galizia’s murder, German sources told MaltaToday. The information will be handed over by the German federal crime police (BKA) to Magistrate Anthony Vella, who will… Read More
27th November 2017
By Amabhungane and Scorpio, Daily Maverick KPMG green-lighted three Gupta deals that bore multiple hallmarks of money laundering. In these, suspicious foreign entities paid millions for shares in dormant local shell companies. Our investigations suggest that at least two of the transactions were a cover to bring dirty money home. Read More
21st November 2017
KYC360 News HSBC’s private banking unit has been issued a HK$400 million penalty for poor standards regarding its selling of Lehman Brothers-linked structured financial products between 2003 and 2008. The Hong Kong Securities and Futures Appeals Tribunal (SFAT) said on Tuesday that it backed the findings of the Securities and… Read More
Must Read

EU states still divided over money laundering reform – sources

European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more… Read More

Former UBS trader jailed for Britain’s biggest fraud deported

Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More