The four Arab states leading the boycott against Qatar said late on Thursday that Doha’s refusal of their demands was
Saudi Arabia’s Financial Intelligence Unit has stepped a campaign against money laundering and terror funding operations by inspecting real estate
Riyadh Gov. Prince Faisal bin Bandar said here on Monday that Saudi Vision 2030 would ensure transparency and the fight against corruption in its march toward the Kingdom’s development.
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.
In the final part of an exclusive series of four webinars Elise Bean, former Staff Director and Chief Counsel of the U.S. Senate Permanent Subcommittee on Investigations, will explore the case of Riggs Bank. Riggs, a D.C. based commercial bank with branches around the world, was effectively shut down by means of a merger in 2005 following revelations that it handled deposits from Augusto Pinochet, the Saudi royal family and the dictator of Equatorial Guinea among others. Elise will consider what can be learnt for the case for financial crime prevention regimes today.
A diplomatic cable said an investigation into mysterious $700m found in Najib Razak’s bank account had not absolved him of corruption
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