The British Virgin Islands has hit out at the United Kingdom’s plans for its Overseas Territories to publish publicly accessible
With Hurricane Irma wreaking havoc across the Caribbean, some businesses in battered offshore financial centres have resorted to “extraordinary” steps
The British Virgin Islands independent regulator, the Financial Services Commission (FSC), has fined the local arm of the Panama Papers law firm, Mossack Fonseca, $440,000 for its contravention of numerous sections of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI Regulatory Code.
A party that favours direct democracy, complete government transparency, decriminalising drugs and offering asylum to Edward Snowden could form the
Love it or hate it, the risk-based approach (RBA) is a key aspect of compliance work. But what happens when the boss shows up one day with a woefully muddled up RBA plan and expects ...
The head of compliance of Denmark’s biggest lender Danske Bank (DANSKE.CO) has resigned, saying he was leaving following an “intense” period of work that was partly due to dealing with a money laundering scandal at ...
In an interesting turn of events, French cement giant Lafarge finds itself at the core of a rather unique, and quite embarrassing, compliance case. How it will untangle itself out of this mess will be ...
The European Union’s top banking watchdog has found “general and systematic shortcomings” in Malta’s application of EU anti-money-laundering rules, it said on Wednesday. The European Banking Authority’s (EBA) criticism came as it concluded an enquiry into ...
New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance,
India’s capital market regulator has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies
A large Danish pension fund said on Friday it has temporarily frozen investments in Danske Bank (DANSKE.CO), piling further pressure
AP — Microsoft is calling on Congress to regulate the use of facial recognition technology to protect people’s privacy and