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.
Regulators the world over are stepping up the war against financial crime, issuing a raft of rules and hitting banks with some serious penalties. Despite these efforts, it’s still not uncommon to hear of financial ...
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to the regulated community in the UK, Guernsey, Jersey, the Isle of Man and Gibraltar, ...
Catalan President Carles Puigdemont’s declaration to suspend independence on Tuesday may have disappointed the ‘Catalexit’ camp, but a move to immediately break away from Spain would have triggered insurmountable challenges, including financial regulatory obstacles. Addressing Cataln’s ...
Despite all of the best efforts by regulators, clients and even the banks themselves, bank fraud still goes on. A report by the UK’s National Audit Office (NAO) claims that banking fraud is still rising ...
9 October 2017 KYC360 News The United States has lifted key sanctions on Sudan, ending more than two decades of economic restrictions with the North African state. The revocation, which will be effective as of 12 October, is ...
United States President Donald Trump has refused to continue signing off an international major nuclear deal with Iran, saying it
HSBC on Thursday announced it has appointed a new CEO to take over from Stuart Gulliver, who steered the bank
Regulators the world over are stepping up the war against financial crime, issuing a raft of rules and hitting banks
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to