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 United Kingdom’s banking regulator has launched a probe into HSBC’s anti-money laundering systems and its compliance with British rules, the bank said in its interim results. The lender did not give details of the Financial ...
Executives at a firm that supplied engines to London Fire Brigade have been banned for committing some of the ‘most serious’ misconduct crimes brought before the UK’s accounting regulator and a tribunal hearing. The Financial Reporting ...
There’s been a marked increase in the number of cases launched by the Financial Conduct Authority (FCA), with figures showing it has almost a hundred more cases open compared to the same period last year. “[The ...
Switzerland’s Financial Market Supervisory Authority (Finma) has rolled out what it said is a ‘less complex’ regulatory regime for small banks, which will also include changes to the risk-oriented focus of regulatory audits they undergo. The ...
A Surrey detective marked a legal breakthrough for his team, after the courts granted him permission to convert bitcoin seized
The US decision to withdraw from the joint Iran nuclear deal is regarded as a huge blow not just to
Gangs specialising in advising drug dealers, fraudsters and other criminals on how to shift and launder dirty cash are thriving
There were scenes of furious protesters chanting slogans, reports of shootings and armed soldiers brutally beating up civilians on Wednesday