- Home/Publications/Money Laundering Bulletin
UK law firms breach Money Laundering Regulations
Lawyers might be expected to comply with the law but their UK supervisor, the Solicitors Regulation Authority (SRA), reports that out of 50 practices sampled, only 11 (22%) had a firm-wide money laundering and terrorist financing (ML/TF) risk..
Online Published Date:
07 March 2018
Appeared in issue:
252 - 01 April 2018
Standardised correspondent banking questionnaire aims to put brake on de-risking
By Keith Nuthall
Online Published Date:
07 March 2018
Appeared in issue:
252 - 01 April 2018
ICBC ordered to overhaul its AML by US Federal Reserve
The
New York branch of the Industrial and Commercial Bank of China (ICBC) has been instructed,
on 12 March, to complete a major upgrade of its anti-money laundering systems
and controls after a bank examination found “significant..
Online Published Date:
15 March 2018
Appeared in issue:
252 - 01 April 2018
Market enforces
Timon Molloy, Editor (timon.molloy@informa.com)
Online Published Date:
19 March 2018
Appeared in issue:
252 - 01 April 2018
Market enforces
Timon Molloy, Editor (timon.molloy@informa.com)
Online Published Date:
20 March 2018
Appeared in issue:
252 - 01 April 2018
StanChart fined Sing$6.4m over account moves with tax evasion flags
By Keith Nuthall
Online Published Date:
20 March 2018
Appeared in issue:
252 - 01 April 2018
Naming and shaming, or fining and whining?
Susan Grossey may be
contacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com,
www.thinkingaboutcrime.com
Online Published Date:
20 March 2018
Appeared in issue:
252 - 01 April 2018
Now and yen – in Japan
The
Yakuza and a sizeable Korean minority, some whose sympathies lie with
Pyongyang, are two first-order risks facing Japan. Julian Ryall reports from Tokyo on established and emerging
exposure.Japan’s
long-standing exposure to organised..
Online Published Date:
22 March 2018
Appeared in issue:
252 - 01 April 2018
Sovereign duty
Denis
O’Connor has worked in frontline and policy AML/CFT
roles in leading financial institutions in the City of London.
Online Published Date:
22 March 2018
Appeared in issue:
252 - 01 April 2018
Difficult balance – NGOs in Syria
Operating in a war zone brings particular ethical conflicts for non-governmental organisations as they strive to maintain neutrality. In Syria, the soul-searching is further complicated by international sanctions on the Assad regime; Paul Cochrane..
Online Published Date:
22 March 2018
Appeared in issue:
252 - 01 April 2018
Not over yet – de-risking
De-risking of correspondent banking relationships (CBRs), which began in the wake of the 2008 financial crisis, is having ramifications worldwide, writes Paul Cochrane. From the Caribbean to the Pacific Islands, to the Middle East, Africa and..
Online Published Date:
22 March 2018
Appeared in issue:
252 - 01 April 2018
Out of steppe - Mongolia
Borders with Russia and China, many
citizens working abroad, unofficially, and wiring money back home, Mongolia
faces financial crime challenges that could yet land it back on the Financial
Action Task Force ‘grey’ list. Jens
Kastner..
Online Published Date:
22 March 2018
Appeared in issue:
252 - 01 April 2018
Return match – Indonesia focus on terrorist finance
Jihadis, the foreign terrorist fighters defeated in Syria and Iraq but not deradicalized, are finding their way home. Jakarta is on the frontline, report Poorna Rodrigo and Ahmad Pathoni.Financial crime experts are urging Indonesia to step up its..
Online Published Date:
22 March 2018
Appeared in issue:
252 - 01 April 2018
Qualified access – beneficial ownership in the Grand Duchy
Laurent
Thailly (+352 2712 2032, laurent.thailly@ogier.com)
is a partner, Benjamin Devouassoux (+352
2712 2043, benjamin.devouassoux@ogier.com) a senior
associate, and Iva Dobric (+352 2712
2031, iva.dobric@ogier.com) a professional
support lawyer at Ogier in Luxembourg.
Online Published Date:
22 March 2018
Appeared in issue:
252 - 01 April 2018