A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programmes of their organisations, according to a new report.
Abdul Rahim Mohammad Al Awadi, Executive Director of Anti-Money Laundering and Suspicious Cases Unit, AMLSCU, of the UAE, and Talal Ali Al Sayegh, President of the Kuwait Financial Intelligence Unit and Chairman of National Committee of Combating Money Laundering and Financing of Terrorism have signed a Memorandum of Understanding (MoU) on Sunday following a meeting at the head office of the Central Bank of the UAE in Abu Dhabi to discuss matters of mutual interest.
A gambling firm which failed to conduct important anti-money laundering checks on a customer whose deposits eventually reached £750,000 has been fined £2 million by the Gambling Commission. The watchdog said 32Red should have reviewed the ...
Sanctions, whether targeted or comprehensive, are designed to restrict and influence governments from supporting bad actors. Yet with every expansion to these programs, sanctioned entities appear bolder in their efforts and creativity to evade. In 2017, OFAC ...
The dramatic events surrounding the fraudulent transfer of hundreds of millions of dollars from Angola to London involving top British banks have the elements of a gripping movie. There’s news of VIP meetings, midnight flights on ...
By Rachel Crabtree, senior associate, and Michael Carter, director, Alvarez & Marsal Disputes & Investigations With cryptocurrency vastly on the rise, crypto proponents are pushing for more open financial systems to, in part, serve the ...
Deutsche Bank AG (DBKGn.DE) has agreed to pay a fine of $205 million for violations of New York’s banking laws,
A gambling firm which failed to conduct important anti-money laundering checks on a customer whose deposits eventually reached £750,000 has
A London court on Wednesday described as “troubling” a case brought by the Financial Conduct Authority (FCA) against a former
Malaysian Prime Minister Mahathir poured scorn over his predecessor Najib Razak on Thursday for denying knowing whether millions of dollars