Financial crime investigators have been focusing on the wrong thing.
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.
Concerns raised over business relationships and finances of Sudhir Choudhrie and his son Bhanu, from one of India’s most high-profile families.
Paul Tate, the former payments director at pre-Amaya PokerStars, pleaded guilty in the Southern District Court of New York on
Threats by the Labour Shadow Chancellor to crackdown on British offshore finance centres have been dismissed as just a ‘cheap shot’ by outgoing Chief Minister Allan Bell.
The court heard in total they sent more than £39,000 from accounts with Isle of Man Bank to Merseyside in more than 60 online transactions or bank transfers, despite suspecting the money came from the drugs trade.
The Isle of Man Financial Services Authority has been notified that the Isle of Man Treasury has recently published new and updated information regarding sanction regimes relating to Libya North,
Korea, Iran, ISIL (Da’esh) and Al Qaida and Terrorism and Terrorist Financing.
The Isle of Man Financial Services Authority has today issued a public consultation on the draft Financial Services Rule Book 2016, which we intend will replace the current Rule Book on 1 January 2017.
What exactly is being proposed? A public register of the beneficial owners of UK property held by overseas companies and other legal entities. Beneficial owners of overseas firms involved in central Government procurement would also be ...
High profile organised crime leaders often take on a twisted celebrity—from Al Capone to Whitey Bulger to the Kray twins—and are known to all and sundry as the criminals they are. Yet for years they walk ...
In the first of a new series of audio interviews, Amos Wittenberg speaks to Viv Jones of Eversheds Sutherland solicitors about international anti-bribery regimes. Viv wrote recently for KYC360 on Kenya's latest piece of anti-bribery legislation. https://vimeo.com/213859331 Transcript (note this transcript ...
Financial crime is on the rise in Australia, with the country's senior money-laundering officials saying they've witnessed a dramatic increase in fraudulent transactions. Deputy chief executive of the Australian Transaction Reports and Analysis Centre, Gavin McCairns, said the ...
Barrister & leading financial crime investigator Tom Devlin offers practical guidance on creating a watertight and cost effective compliance regime. He looks at systems, employee training and continuing professional development, and the critical but often overlooked issue of corporate ...
Dortmund bus terror arrest: German-Russian man ‘carried out bomb attack to make money then blamed Muslims’
Police have arrested a German-Russian citizen on Friday morning on suspicion of carrying out the attack on the Borussia Dortmund
Free, easy-to-use hacking tools help many young people slip into a life of cyber-crime, according to a report. The National
Guyana: Gold Board General Manager, others sent on administrative leave to facilitate money laundering probe
The General Manager of the Guyana Gold Board, Lisaveta Ramotar was Thursday sent on administrative leave to pave the way for
President Donald Trump is continuing to target a law meant to stop banks from growing “too big to fail.” The