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UK Government introduces new sanctions and anti-money laundering bill
Susannah Cogman (+44 (0)20 7466 2580, susannah.cogman@hsf.com) and Dan Hudson (+44 (0)20 7466 2470, daniel.hudson@hsf.com) are partners and Elizabeth Head is a senior associate (+44 (0)207 7466 6443, elizabeth.head@hsf.com) at Herbert Smith Freehills in London.
Online Published Date:
01 November 2017
Appeared in issue:
249 - 01 December 2017
Qatar stand-off raises wider Gulf terrorist financing questions
The five-month-long diplomatic and commercial dispute between Qatar and the so-called ‘anti-terror quartet - ATQ’ of Saudi Arabia, Bahrain, the United Arab Emirates (UAE) and Egypt revolves around Doha’s alleged financial support..
Online Published Date:
07 November 2017
Appeared in issue:
249 - 01 December 2017
Warning corrupt could use loopholes revealed in Paradise Papers
By Sara Lewis
Online Published Date:
07 November 2017
Appeared in issue:
249 - 01 December 2017
Bank customer compensation – take it on trust
Denis O’Connor has worked in frontline and policy AML/CFT roles in leading financial institutions in the City of London.
Online Published Date:
07 November 2017
Appeared in issue:
249 - 01 December 2017
UK company formation is wide open to criminals, TI finds
Open source research by Transparency International has found
766 UK companies alleged or known to be involved in 52 money laundering and
corruption cases, stretching back to 2004, with an aggregate value of UK£80
billion. Around half (374)..
Online Published Date:
13 November 2017
Appeared in issue:
249 - 01 December 2017
‘CAATSA’ - US authorities issue comprehensive implementation guidance on new sanctions law
Scott Balber (+1
917 542 7810, scott.balber@hsf.com)
is a partner and Jonathan Cross (+1
917 542 7824, jonathan.cross@hsf.com)
is of Counsel in the New York office of Herbert Smith Freehills.
Online Published Date:
13 November 2017
Appeared in issue:
249 - 01 December 2017
Resilience – within and out [Video]
Opening, and exploiting existing accounts is so much easier if the internal controls and thresholds are known. Ioan Peters, Associate Managing Director, Cybersecurity & Investigations at Kroll talks to Michael Kosmides about human factor risk..
Online Published Date:
13 November 2017
Appeared in issue:
249 - 01 December 2017
Hong Kong set to scrap address verification
By Keith Nuthall
Online Published Date:
13 November 2017
Appeared in issue:
249 - 01 December 2017
French court convicts Guinea president’s son of embezzlement
By Sara Lewis
Online Published Date:
13 November 2017
Appeared in issue:
249 - 01 December 2017
Inputs and outcomes - UK National Risk Assessment 2017
Timon Molloy (timon.molloy@informa.com), Editor
Online Published Date:
16 November 2017
Appeared in issue:
249 - 01 December 2017
Council stymies agreement on EU 5MLD
Political agreement on the Fifth European Union ML Directive has stalled in the latest trilogue discussions, between the European Commission, Parliament and Council of Ministers on 14 November, after the Council failed to present a mandate to..
Online Published Date:
16 November 2017
Appeared in issue:
249 - 01 December 2017
Building up – Malaysia
The 1MDB sovereign fund case may leave
questions hanging about political influence over anti-money laundering
endeavours in Malaysia but there are also signs of progress, says Jens Kastner.A dynamic upper middle-income country
(US$9,850 per head..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Reaction, now resource – Panama after the Papers
Panama has been reforming its anti-money
laundering regulations at a rapid rate as it tries to change perceptions of the
country as a hub for illicit fund flows and tax evasion. Serious loopholes
remaining, however, and grave doubts over its lack..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Are your AML identification policies discriminatory? CDD & transgender customers
Nick Henderson is the
Director of Course Development at VinciWorks (https://vinciworks.com/), which offers a number of courses on Money Laundering,
the Fourth EU Money Laundering Directive and Equality and Diversity.
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
‘Tis the season to be… stretching your AML budget
Susan Grossey may be contacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com, www.thinkingaboutcrime.com
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Golden opportunity – Laos
One edge of Asia’s Golden Triangle, Laos
is working to break long habits of corruption and trafficking in drugs, ivory,
bulk cash; and there are reasons to be positive, reports Jens Kastner, from Taipei.Laos, or the Lao People’s..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
FinTech: the next frontier
David Carlisle is based in London and can be
reached at dcarlisle08@gmail.com
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Siege mentality – North Korea
Currency counterfeiting, drug
trafficking, proliferation of weapons of mass destruction (WMD) and the
disguise of related proceeds and payments, there is surely no state worldwide
that has a worse illicit finance track record than the Democratic..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
The obligation to conduct investigations diligently and expeditiously: a safeguard?
Natasha Reurts (+44 (0)203 709 9473, nr@brightlinelaw.co.uk) is an Associate at Bright Line Law and undertakes policy work at The White Collar Crime Centre (www.brightlinelaw.co.uk/the-white-collar-crime-centre.html)
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Going to pot – the cannabis conundrum
The sweetly aromatic, or, according to
taste, sickly whiff of marijuana is to be breathed on the streets of every
major city, in the West, certainly. Governments across North America and
Europe, conceding that to go on fighting the retail trade..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Mule train – account-holder manipulation [Video]
A request to transfer funds through a bank account for someone else should raise suspicion but not everyone who does so is complicit. Dr Cassandra Cross, senior lecturer at the School of Justice Crime & Research Centre, Queensland University of..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Little cheer - Cambodia
The impoverished south-east Asian kingdom
of Cambodia shares porous borders with the significantly more dynamic economies
of Thailand and Vietnam, is notorious for corruption, has a large casino sector
and generates significant earnings from..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017
Wells Fargo Advisers pays $3.5m for SARs not and late filed
Wells Fargo Advisers (WFA), broker dealer subsidiary of the US bank, has been fined $3.5m by the Securities & Exchange Commission (SEC) for not filing or late filing of suspicious activity reports (SARs) between around March 2012 and June..
Online Published Date:
20 November 2017
Appeared in issue:
249 - 01 December 2017