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.
In a cover story for Dawn, Pakistan's leading English-language newspaper, journalist Khurram Husain writes that money laundering has become central to the normal functioning of the country's economy. Speaking to Amos Wittenberg, Khurram explains how this came ...
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 ...
Scrapping the Serious Fraud Office is a huge step backwards in the UK’s fight against financial crime
In its manifesto, released yesterday, the Conservative Party pledged to abolish the Serious Fraud Office (SFO) as an independent agency, instead merging it with the much larger National Crime Agency (NCA): 'We will strengthen Britain’s response ...
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 ...
On 3rd April 2017, the UK Treasury gained access to new penalties for individuals and firms that breach UK financial sanctions. Under the new rules, any persons deemed to have been involved in serious breaches after the ...
Senator Chiz Escudero has urged the Senate to approve amendments to the Anti-Money Laundering Act (AMLA) that places casinos within
Syria and Venezuela plotted in recent years to evade international sanctions on Syria through a secret deal to transport its
A major reform of the Dodd-Frank Act moved towards expected passage in the House Wednesday during a hearing on the
White House economic adviser Gary Cohn says President Donald Trump is “looking at” the future of U.S. sanctions on Russia.