Five months on from this unprecedented move, has it achieved any of its corruption-reducing goals? Or were these little more than cover stories for a political objective? Alem Ao explores.
Campaigners have frequently branded the UK a world money-laundering hotspot, citing the ‘terrifying’ scale of money laundering through the City of London. Is this fair? What is the UK doing to remedy the problem? Richard Nicholl investigates.
Policymakers have given themselves the year to legislate around the legal complexities that have plagued both the marijuana industry and law enforcement in Oregon, Washington, Colorado, Alaska and DC. With a change in law at Federal level still looking unlikely, they have some serious difficulties to resolve when it comes to those $7 billion of cannabis cash.
From 2000 to 2005 the Philippines was ‘blacklisted’ as a ‘non-cooperative’ country and subjected to significant sanctions by the Financial Action Task Force for its failure to tackle endemic problems with transparency and traceability in its financial system.
Special Report – Treasure Island or Banana Republic? Mauritius faces tough choices about legitimacy and development
In an exclusive report for KYC360, investigative journalist Lucy Wark reflects on Mauritius’ progress in establishing itself as a legitimate financial centre and considers the challenges it faces going forwards.
KYC360 investigative reporter Clementine Wallop examines the unusual case of Zapata vs HSBC Holdings PLC. Families of several US citizens killed by Mexican drug cartels are suing HSBC under the Anti-Terrorism Act, which creates civil liability for supporters of terrorism, for the bank’s role in laundering billions of dollars of drug money.
As the EU forges ahead with a ‘fifth AML Directive’ requiring a public register of trusts, KYC360 considers what Brexit will mean for the future of the UK’s financial regulatory regime.
Special Report: CALIPHATE CASH CRUNCH: WHAT LOWER OIL PRICES AND SHRINKING TERRITORY MEAN FOR ISLAMIC STATE’S FINANCES
KYC360 investigative reporter Clementine Wallop takes a look at Islamic State’s revenue raising, its recent spending squeeze and what companies can do to protect themselves against an unusually dynamic enemy in this exclusive report.
SPECIAL REPORT: DISCONTINUANCE OF THE 500 EURO NOTE – GOOD NEWS FOR THE FIGHT AGAINST ORGANISED CRIME AND TERRORISM?
On 4 May 2016, the Governing Council of the European Central Bank (ECB) decided to discontinue the production and issuance of the EUR 500 banknote. Rob Wainwright, Director of Europol, considers whether this decision represents good news for the fight against organised crime and terrorism.
The dramatic events surrounding the fraudulent transfer of hundreds of millions of dollars from Angola to London involving top British banks have the elements of a gripping movie. There’s news of clandestine meetings, midnight flights on ...
Global bank HSBC is to use a compliance-related artificial intelligence (AI) programme supplied by a start-up firm this year as part of its anti-money laundering strategy (AML). The lender, which has been heavily penalised for anti-money ...
The Angolan government has received half a billion dollars that was ‘improperly’ transferred from its central bank’s Standard Chartered Bank account to an HSBC account in the United Kingdom. The move comes after the UK National ...
The Financial Conduct Authority is to forge ahead with an initiative exploring the use of machines in financial crime programmes, according to its 2018/19 business plan. The watchdog is looking to host an international event focusing ...
Does the Compliance Department get it wrong sometimes, and what happens when an extremely important KYC report turns out to
By Rachel Crabtree, senior associate, and Michael Carter, director, Alvarez & Marsal Disputes & Investigations With cryptocurrency vastly on the
The European Union has outlined plans to tackle the quick movement of criminal and terrorist cash between Member States. Presently,
Cryptocurrency trading in Nigeria presents challenges to regulators, and conventional banking and fraud risks to potential investors. While the Central