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2018 – the year in view
Nick Henderson is the Director of Course Development at VinciWorks. VinciWorks offers a number of courses on Money Laundering and other compliance issues for business.
Online Published Date:
02 February 2018
Appeared in issue:
251 - 01 March 2018
Delayed impact – Directives 4 & 5
The European Union’s (EU) Fourth Money Laundering Directive (4MLD - 2015/849) was hailed as major step forward when adopted in May 2015, but member states are dragging their feet on implementation, finds Sara Lewis, just as the bloc moves..
Online Published Date:
05 February 2018
Appeared in issue:
251 - 01 March 2018
South African branch of China Construction Bank Corp fined R75m for suite of AML/CFT breaches
The
Johannesburg branch of China Construction Bank Corporation (CCB) faces a R75
million (US$6m) penalty for a range of anti-money laundering and counter
terrorist financing control failures.The South African Reserve Bank found weaknesses in..
Online Published Date:
05 February 2018
Appeared in issue:
251 - 01 March 2018
Swiss block on new Gazprombank private clients; PKB Privatbank to disgorge CHF1.3m
Gazprombank
(Switzerland) Ltd is barred from taking on new private clients until further
notice after the Swiss Financial Market Supervisory Authority FINMA found
“serious shortcomings” in its anti-money laundering controls.The..
Online Published Date:
05 February 2018
Appeared in issue:
251 - 01 March 2018
Tunisia on blacklist divides MEPs
MEPs,
on 30 January, voted by the narrowest of margins against a move to reject
inclusion of Tunisia, Sri Lanka and Trinidad and Tobago in the European
Commission’s blacklist of high-risk third countries with strategic deficiencies
in..
Online Published Date:
05 February 2018
Appeared in issue:
251 - 01 March 2018
UK government quizzed on central register data validation under Fifth Directive
The
Fifth EU Money Laundering Directive (5MLD) looks set to be passed by the
European Parliament and Council of Ministers in mid April [2018].If published in the Official Journal in May, transposition for
most of the Directive provisions would..
Online Published Date:
08 February 2018
Appeared in issue:
251 - 01 March 2018
UK House of Lords rejects open beneficial ownership registers for overseas territories
By
Sara Lewis
Online Published Date:
08 February 2018
Appeared in issue:
251 - 01 March 2018
Rabobank fined US$369m for handling “hundreds of millions of dollars in untraceable cash”
Rabobank National Association (RNA), a California subsidiary of the Netherlands-based Coöperatieve Rabobank U.A., pleaded guilty, on 7 February [2018], to a charge of conspiracy for “impairing, impeding and obstructing” the US..
Online Published Date:
15 February 2018
Appeared in issue:
251 - 01 March 2018
EU Council decision to drop 8 countries from tax haven blacklist under fire
By
Liz Newmark, In Brussels
Online Published Date:
15 February 2018
Appeared in issue:
251 - 01 March 2018
Fortune’s wheel – turning it against the Italian mafia
Organised crime is embedded in the
Italian gaming sector, benefiting not least from its laundering capability: a
recognised threat, the task of rooting it out at home and online has only just
begun, writes Brenda Dionisi, in
Milan.Italian law..
Online Published Date:
19 February 2018
Appeared in issue:
237 - 21 September 2016
Long tail - HSBC
Timon Molloy, Editor
Online Published Date:
27 February 2018
Appeared in issue:
251 - 01 March 2018