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money laundering

PwC-building

Former PwC employees to stand trial over Luxleaks scandal

26/04/2016(0)
THE LUXLEAKS scandal starts a new chapter today as two former PwC employees go on trial accused of leaking thousands of corporate documents that expose Luxembourg’s shadowy tax deals. Antoine ... Read More
City of London Police

City of London Police seized £30 million suspected to have been generated in FX markets and Ponzi schemes

26/04/2016(0)
A South Wales man has been arrested by the City of London Police in possession of bankers’ drafts worth £30 million in what is believed to be the biggest ... Read More
mossack-fosneca

Panama Papers: Mossack Fonseca office raided

13/04/2016(0)
The offices of Panama-based law firm Mossack Fonseca were raided late Tuesday by crime prosecutors, who searched for evidence of money laundering and illegal activities, reports said. The law ... Read More
Mossack Fonseca

Banks told to declare links to Panama Papers law firm by next week

08/04/2016(0)
Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct ... Read More
mossack fonseca

Law firm data security in spotlight after Mossack Fonseca leak

07/04/2016(0)
Experts have warned that law firms need to ‘up their game’ on data security after millions of documents were leaked from Panama offshore firm Mossack Fonseca. With some 11.5 ... Read More
The HSBC headquarters is seen in the Canary Wharf financial district in east London

HSBC comes up short in money laundering vigilance, U.S. says

04/04/2016(0)
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 ... Read More
HSBC

Iranian Miniskirts, Bags of Cash Raise Doubts Over Controls at HSBC

30/03/2016(0)
Monitor finds lapses in bank’s efforts to prevent money laundering and evasion of sanctions following 2012 settlement with Justice Department The monitor overseeing HSBC’s compliance with a landmark anti-money-laundering ... Read More
cyrpusmail

US Treasury rules FBME ‘still a money laundering concern’

28/03/2016(0)
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final ruling imposing prohibition on the opening or maintaining of correspondent accounts for, or on behalf of, FBME ... Read More
money_laundering

Barclays accused of ditching clients born in countries considered high-risk for money laundering

18/03/2016(0)
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 ... Read More
BNP Paribas

BNP Paribas Cash Managament launches first-ever service designed to assist online marketplaces with their compliance

17/03/2016(0)
This is a ‘first’ in the banking world: BNP Paribas has launched a new service aimed at e-commerce sites and other online marketplaces, which will enable them to bring ... Read More
Broker Cyprus TopFX