globalnews.ca
- Criminal syndicates that control chemical factories in China’s booming Guangdong province are shipping narcotics, including fentanyl, to Vancouver, washing the drug sales in British Columbia’s casino…
www.ethnews.com
- After a Vietnamese company known as Modern Tech Joint Stock Company allegedly perpetuated two ICO scams relating to tokens called iFan and Pincoin, the country's prime minister, Nguyễn Xuân Phúc, ins…
www.pymnts.com
- Iceland’s efforts over the last decade to focus on crimes that were associated with the financial crisis around the globe has hurt its law enforcement of money laundering and terrorism financing, rep…
www.corporatecomplianceinsights.com
- Comprehensively identifying and verifying corporate hierarchies and ultimate beneficial owners (UBOs) has become increasingly important since the implementation of 4MLD and MLR2017. However, achievin…
www.lankabusinessonline.com
- Apr 18, 2018 (LBO) – Minister of Finance Mangala Samaraweera says it is important for the Sri Lankan financial system to have robust access and engagement with the global financial architecture. The …
kyc360.com
- The European Union has called on Moldova to retrieve funds from a one billion dollar banking fraud and bring to book the criminals behind the scam. In a report discussing the issue of reform in Moldo…
kyc360.com
- A London-based compliance officer looks back at some of the requests he came across and tells KYC360 how he reacted on the occasions he smelt trouble. He did not wish to disclose his name and details.
kyc360.com
- Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, according to a new index launched by data provide…
www.theguardian.com
- Home secretary Amber Rudd is to announce a crackdown on criminals who exploit the dark web in pursuit of drug deals, child pornography, guns, credit scams and other illegal activities. About £9m has …
medium.com
- Members of the European Parliament today approved the review of the 4th Anti-Money Laundering Directive, which constitutes the main legal instrument in the prevention of money laundering and terroris…
www.buzzfeed.com
- Part Five of a BuzzFeed News investigation. Part One: Tory Donor's Cash Drops Caught On Film Part Two: Lycamobile Is Embroiled In Sri Lanka's Hunt For Stolen Assets Part Three: Lycamobile Reported To…
www.brookings.edu
- The current system for global funds transfers is based on old and outdated technology, employed primarily by a shrinking network of correspondent banks. Payments moving through the correspondent bank…
www.reuters.com
- JERUSALEM (Reuters) - Israel’s central bank said on Monday it would not recognise virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the …
kyc360.com
- Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country’s effort to reduce its reliance on the U.S. currency due to …
newrepublic.com
- Over the years, Trump and his sons would try and fail five times to build a new Trump Tower in Moscow. But for Trump, what mattered most were the lucrative connections he had begun to make with the K…
www.cio.com
- The banking industry is experiencing tremendous change as customers opt for superior digital service delivery and better value from traditional products and services. This shift has resulted in a not…
themerkle.com
- Even though the public’s interest in cryptocurrency has not slowed down in the slightest, there are still risks associated with it. Citigroup acknowledges the potential impact of Bitcoin, yet it aims…
www.encompasscorporation.com
- Increased focus on Anti-Money Laundering (AML)/Counter-Terrorist Financing (CTF) regulation has escalated the importance of such checks within law firms, but at what cost? Fee earners are important b…
www.fintech.finance
- ”RegTech May be the Solution to Some De-risking Woes,” Says Center for Global Development’s Vijaya Ramachandran Today, the Center for Global Development released a new study that finds that financial…
www.sra.org.uk
- Our review of 50 firms has shown that although most law firms are doing what is needed to tackle money laundering, some need to do more. The review of firms – large and small – explored the professio…
www.financialexecutives.org
- It is estimated global money laundering transactions are in the $1 trillion to $2 trillion range – numbers that, if measured as a country’s economy – would rank in the top 10 economies in the world. …
blog.aravo.com
- It’s the billion-dollar question – what is on a regulator’s mind when they walk through the door of a firm? What kinds of things are they looking for – and is the firm prepared? The focus on third pa…
www.businesstimes.com.sg
- EUROZONE member Latvia is scrambling to reform its banking sector after US authorities accused its third-largest lender of large-scale money laundering with connections to North Korea's nuclear weapo…
blogs.thomsonreuters.com
- Forward-thinking firms will pay attention to these critical risk areas in the coming year. Strong, well-resourced, business-specific risk and control infrastructures have always been a required core …
