Search Results for: Anti-Money Laundering
Thomson Reuters Launches TRAC to Combat Trade Based Money Laundering
October 12th, 2016
Thomson Reuters announces today the launch of TRAC, its new anti-money laundering solution to combat trade based money laundering (TBML) and drive transparency and efficiency across trade finance. TBML is the use of international trade as a channel for ...
International Telecom Group offices raided over money laundering and tax fraud suspicion
June 22nd, 2016
Nineteen people have been arrested and nine of them charged with money laundering after BuzzFeed News revealed Lycamobile’s “deeply suspicious” cash movements. The Conservative party’s biggest donor, the telecoms giant Lycamobile, has been raided by French police on suspicion ...
HSBC comes up short in money laundering vigilance, U.S. says
April 4th, 2016
HSBC Holdings Plc has not done enough to thwart money laundering, despite making significant progress since reaching a landmark 2012 anti-money-laundering settlement with U.S. prosecutors, a federal monitor has found. The monitor “remains unable to certify that the bank’s ...
Barclays accused of ditching clients born in countries considered high-risk for money laundering
March 18th, 2016
Barclays has been accused of ditching clients who were born in countries that are classified as high-risk after it was pulled up by the Financial Conduct Authority in November for failing to do due diligence and proper financial crime ...
CySec issued a Circular regarding National Risk Assessment of Anti Money Laundering and Counter Terrorist Financing Measures
November 4th, 2015
The Cyprus Securities and Exchange Commission (CySec), the financial regulator of Cyprus, has issued a Circular to inform Regulated Entities the following: 1) National Risk Assessment (‘NRA’) In accordance with the international standards set by the Financial Action Task ...
U.K. Looks to Relax Money Laundering Rules to Help Businesses
August 31st, 2015
The U.K. government said it will look to relax anti-money laundering controls as part of a plan to save British companies 10 billion pounds ($15.4 billion) over the next five years. Britain will look at ways to make the ...
FBI Arrests Coin.MX Founders For Money Laundering Violations
July 24th, 2015
Anthony R. Murgio and Yuri Lebedev of West Palm Beach Florida were arrested today for running an unlicensed bitcoin exchange with the goal of helping individuals launder money. The press release the FBI put out charges the men of ...
Dirty Dealing: China and International Money Laundering
July 13th, 2015
In the midst of turmoil in the Chinese stock markets, one serious problem that may appear is increased currency outflows created by current and potential investors who would rather move their assets to foreign countries viewed as safer havens. Money laundering should be under close surveillance. ...
ACCA: Be aware of financial activity alarm bells, warns CCAB Anti Money Laundering Task Force
July 1st, 2015
Accountants’ ‘professional scepticism’ is the first line of defence in tackling money laundering and terrorist financing, says guidance issued today by the Anti-Money Laundering Taskforce of CCAB, the collective forum of accountancy bodies ICAEW, ACCA, ICAS, CIPFA and Chartered ...
Bank of China issued an announcement regarding investigations in Italy for Money Laundering
June 23rd, 2015
The Bank of China has issued an announcement informing that: The Bank has noticed recent media reports in relation to the Bank’s Milan Branch having received a notification from the Italian judicial authorities in 2012, requesting its cooperation in compliance investigations ...
