All Financial Crime articles – Page 20
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Q&AFinCrime Job Focus: Andy Mason, Head of Customer Operations & Financial Crime, Mettle
In our Q&A this week, Andy Mason talks about sharing information, technology and the importance of being laser-focused on your priorities
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NewsBIDEN INAUGURATION: Incoming US Treasury Secretary pledges to build beneficial ownership registry as “quickly as possible”
The incoming US Treasury Secretary Janet Yellen has told the Senate that cleaning up America’s corporate transparency problem is a “very high priority”.
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NewsEuropean Commission takes aim at unilateral sanctions by ‘third-countries’ as it unveils strategy to strengthen financial system
The European Commission has published a new strategy to strengthen Europe’s financial system, including measures to tackle the impact of ‘unlawful’ unilateral sanctions imposed by ‘third-country partners’.
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NewsFrench central bank conducts Digital Euro experiment with €2million in simulated transactions
The Bank of France (BoF) has announced that it has carried out a successful experiment of a central bank digital currency for interbank settlement purposes.
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BlogBrexit, freedom, and financial crime: a pyrrhic victory?
At the eleventh hour, the European Union and the United Kingdom have signed an agreement that, among other things, continues cooperation on financial crime. But how does its effectiveness compare to what it replaces? asks John Binns
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NewsThree in 10 financial services employees ‘unaware slavery exists in the UK’, report finds
Three in 10 employees in the financial services sector are unaware that modern slavery exists in the UK, a report has found.
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NewsUS real estate companies hand over £50m to resolve ‘Black Market Peso Exchange’ laundering charges
Three US real estate companies have agreed to forfeit $50m to settle claims they accepted proceeds from drug trafficking laundered through a notorious underground currency exchange.
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NewsTotal AML fines triple as China clamps down on payment providers
The People’s Bank of China (PBOC) levied three times as much money in fines for anti-money laundering (AML) breaches in 2020 as it did in the previous 12 months, according to a new report.
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News€4.5m seized in Latvia following probe into flower-selling business ‘used to disguise money laundering’
Authorities in Latvia have seized assets worth €4.5m following an investigation into an organised group’s alleged use of a flower-selling business to disguise large-scale money laundering
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Q&AFinCrime Job Focus: Barry Faudemer, Chief Executive, Baker Regulatory Services
In our latest Q&A Barry Faudemer explains why those who haven’t worked in financial crime investigations are missing out
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ArticleFinCrime Job Focus: Jane Jee, chief executive, Kompli-Global
In our latest reader-submitted Q&A Jane Jee argues that technology can make a significant difference in the fight against financial crime
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NewsEBF sets out Digital Euro wish list, urging attention paid to AML
Plans for a Digital Euro must pay particular attention to anti-money laundering and counter terrorism regulatory requirements, the European Banking Federation (EBF) has said.
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NewsSARs filing rises for three quarters of senior AML compliance decision-makers, survey finds
Nearly three-quarters of senior AML decision-makers reported an increase in Suspicious Activity Reporting last year as criminals sought to exploit Covid-19 disruption, research out today has revealed.
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BlogAML ambiguity and more work for business? Welcome to the EU-UK trade agreement
Matthew Redhead gives his take on the Brexit trade agreement and what it could mean for financial crime
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NewsDeutsche Bank agrees to pay $130m to resolve fraud and corruption case
Deutsche Bank has agreed to pay fines and penalties totalling more than $130m to avoid criminal prosecution in the United States on charges it took part in a bribery scheme to win business in Saudi Arabia.
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BlogA look ahead: the US Anti-Money Laundering Act of 2020
The new Anti-Money Laundering Act in the US has now passed into law. Chris Siddons of LexisNexis Risk Solutions explains why it is set to become the most significant piece of US financial crime legislation for years.
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NewsLandmark US AML and corporate transparency bill enacted into law
A landmark piece of legislation that will establish a register of beneficial owners and strengthen anti-money laundering has been enacted into law.
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AnalysisThe key FinCrime trends and topics to watch out for in 2021
2020 is a year we would all rather forget, with everybody hoping that in 2021 thoughts of social distancing, bubbles, mask-wearing and furloughing will gradually fade from public consciousness.
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NewsAUSTRAC has warned of high risks of money laundering through junket tour operations and has urged casinos to act.
The Australian watchdog has published a risk assessment of the junket tour operations (JTO) sector. Junket tour operators bring wealthy gamblers to casinos by offering promotions and other services, with these ‘high-rollers’ paying the JTO.
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NewsUS set to overhaul AML legislation to implement new beneficial ownership registry
US Congress looks set to to overhaul anti-money laundering legislation, implementing a requirement for companies to register their true owners for the first time
