The European Commission will be forced to draw up a new blacklist of countries that facilitate money laundering after the
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.
Mr Jammeh, thought to now be in Equatorial Guinea, is not the first leader accused of lining his own pockets with state funds. In fact, many have taken far more. Here are some of the worst offenders.
A sexual harassment lawsuit directed at its general manager; a whistle-blower discrimination claim by an ousted compliance officer; a US$215 million fine for failure to check money laundering involving Russia, Yemen and Afghanistan.
A little over 25 years ago, I first heard of the Office of Foreign Assets Control (OFAC)—when the New York branch of the large international bank I worked for was fined 25 thousand dollars for ...
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 ...
By Irene Madongo With Hurricane Irma wreaking havoc across the Caribbean, some businesses in battered offshore financial centres have resorted to taking “extraordinary” steps to secure client data which may be targeted by fraudsters and transparency ...
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to the regulated community in the UK, Guernsey, Jersey, the Isle of Man and Gibraltar, and ...
Swiss prosecutors are trying to figure out why someone apparently attempted to flush tens of thousands of euros down the toilet at a Geneva branch of UBS Group AG. The first 500-euro ($597) bills were ...
Uber Technologies, facing a federal probe into whether it broke laws against overseas bribery, has embarked on a review of
Russia’s central bank shares China’s skeptical view of cryptocurrencies and initial coin offerings, signaling that not all Moscow authorities are
A Barclays bank worker and four other men have admitted being part of a network responsible for laundering at least
US President Donald Trump has told the UN General Assembly that America would destroy North Korea if forced to defend