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 Serious Fraud Office, the UK's specialist enforcement agency for complex fraud and corruption, today charged Barclays Plc and four of the bank's top executives with offences including conspiracy to commit fraud. The executives charged are: ...
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 ...
The regime in Tehran continues to be in a state of shock after the passage of unprecedented United States Senate sanctions on Thursday targeting Iran’s ballistic missile program, support for terrorism in the Middle East ...
Trump’s links to Russian money laundering raise new questions about secret real estate deals since election
A new report published Wednesday morning by Bloomberg reveals President Donald Trump’s lengthy ties to suspected money launderers, and another recent report suggests his family business may still be engaged in shady dealings. The Bloomberg report, ...
Finance Minister Edward Scicluna was careful not to engage with MEPs who again pressed him on Malta’s commitment to fight money laundering, Panama Papers leaks and claims of the island being used for tax evasion.
There was no mention in yesterday’s Queen’s Speech of Theresa May’s controversial plan to incorporate the Serious Fraud Office into the much larger National Crime Agency.
In 2010 I started what I thought would be a four year research project on the 2008 financial crisis and its association with financial crime. The more research I conducted, the more convinced I became that financial crime was a key causal factor in the crisis.
The Serious Fraud Office, the UK’s specialist enforcement agency for complex fraud and corruption, today charged Barclays Plc and some of the bank’s top executives with fraud and unlawful financial assistance.
United States v. All Assets Held at Bank Julius Baer & Co: money laundering, extraterritorial jurisdiction & civil forfeiture based on foreign crimes
Stefan Cassella of Asset Forfeiture Law, LLC summarises a recent case, in which it was found that the United States may bring a civil forfeiture action to recover criminal proceeds found in a foreign bank account if there is extraterritorial jurisdiction over the offense giving rise to the forfeiture.