Stephen Platt, Chairman of KYC Technologies, offers an optimistic perspective on the impact of technology on AML compliance.
KYC360’s Tom Devlin interviews Simon Gaudion, Director of the Enforcement Division at the Guernsey Financial Services Commission.
Financial services providers must start adapting and expanding compliance procedures to deal with the new UK failure to prevent the facilitation of tax evasion offence that is set to come into force next year, says Ogier’s Head of Regulatory Services.
Guernsey States have formally committed to international agreements to clamp down on tax evasion and money laundering. The government says
On 11 May 2016 the Royal Court of Guernsey handed down its final judgment in the appeal brought by Bordeaux Services (Guernsey) Limited & Ors v Guernsey Financial Services Commission. The Commission has considered this ruling carefully and believes that some key messages are contained within the judgment that are important both for Financial Services Business in the Bailiwick, and also for the Commission when bringing enforcement sanctions against licensees and individuals.
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