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.
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 ...
This article first appeared on LinkedIn. It is republished here with the author's permission. Back in 2013 people in the UK and Ireland found the “beef lasagna” on their plates was “horse lasagna”. In countries where they like ...
KYC360 interviews Ana Linda Solano, former Director of the Economic and Financial Judicial Police in Colombia. Transcript Amos Wittenberg: Thanks for listening in to this episode of the KYC 360.com podcast, a regular series of conversations with leaders ...
Malta’s Minister of Finance failed to answer The Malta Independent’s questions on why it has not transposed the latest EU anti money laundering directive into law. The EU Commission some weeks ago penned a letter to ...
The head of the credit card division of the notorious Tanzania-based FBME Bank allegedly helped an international child pornography ring launder money through the bank, according to a 52-page privileged and confidential report prepared by ...
The Combating America’s Adversaries Through Sanctions (CATS) Act is a far-reaching expansion of United States sanctions against Iran, Russia and the Democratic People’s Republic of Korea.
Stefan Cassella of Asset Forfeiture Law, LLC summarises a recent case that dealt with the law relating to money laundering conspiracy; namely, the stipulation that a conviction for money laundering conspiracy under § 1956(h) requires proof that the defendant intended to join the conspiracy and shared in its objectives.
Is the United Kingdom’s CTF legislative framework able to prevent terrorists from obtaining funding from terrorist financiers with access to an ever increasing range of social media platforms?
Despite its socially liberal tendencies, generous immigration policy and media-friendly PM, all is not perfect in what its inhabitants like to call the Great White North.