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MONEYVAL says “very rare” that professionals in Europe who launder are prosecuted
By Keith Nuthall
Online Published Date:
04 June 2018
Appeared in issue:
255 - 01 July 2018
Canara Bank fined UK£896,100 with new business bar for systemic AML failings
Canara Bank, the UK branch of the Indian state-owned bank, has been fined UK£896,100 by the Financial Conduct Authority for systemic anti-money laundering breaches and stopped from accepting deposits from new customers for 147 days.The bank,..
Online Published Date:
06 June 2018
Appeared in issue:
255 - 01 July 2018
Commonwealth Bank of Australia agrees A$700m AML/CFT breaches settlement with AUSTRAC
The Commonwealth Bank of Australia (CBA) is set to pay A$700 million (US$532 million) in a record corporate civil penalty for multiple breaches of Australia’s anti-money laundering and counter-terrorist financing (AML/CTF) laws after reaching..
Online Published Date:
06 June 2018
Appeared in issue:
255 - 01 July 2018
Beyond Bitcoin – cryptocurrency risk deepens
Criminals know law enforcement, with
effort, may trace users of Bitcoin by reference to the sites where it is spent,
but next generation cryptocurrencies, like Monero, are far harder to connect to
the natural persons who use them, says..
Online Published Date:
12 June 2018
Appeared in issue:
254 - 01 June 2018
EU ministers and MEPs agree ML criminalisation directive
By Keith Nuthall
Online Published Date:
12 June 2018
Appeared in issue:
255 - 01 July 2018
EU law enforcement ramps up efforts against money mules
By Sara Lewis
Online Published Date:
12 June 2018
Appeared in issue:
255 - 01 July 2018
FATF – Q&A on CFT
With the Financial Action Task Force (FATF) about to hold a new plenary on 27-29 June, jointly with the FATF-style regional body from the Middle East and North Africa (MENAFATF), the global standard-setter is assessing its new operational plan for..
Online Published Date:
25 June 2018
Appeared in issue:
255 - 01 July 2018
Cooperation key to block criminal use of virtual currencies, MEPs told
By Liz Newmark,
in Brussels
Online Published Date:
25 June 2018
Appeared in issue:
255 - 01 July 2018
32Red hit for UK£2m over weak controls around problem gambler
32Red Limited, the online casino and sports betting firm, which trades as 32Red.com and Roxy Palace.com, will pay a total of UK£2,024,046 for responsible gambling and anti-money laundering control failings around its dealings with a customer..
Online Published Date:
26 June 2018
Appeared in issue:
255 - 01 July 2018
The Home Office Magic Money Tree
Tristram Hicks spent a decade on the UK Criminal Finance Board & in operational command of financial investigators. He now teaches and researches.
Online Published Date:
28 June 2018
Appeared in issue:
255 - 01 July 2018
Deferred prosecution – preferred option
Late to the party perhaps with beneficial
ownership due diligence obligations – the FinCEN final rule takes effect on 11
May – the US led the way with deferred prosecution agreements (DPAs), an
approach to resolution, beyond..
Online Published Date:
28 June 2018
Appeared in issue:
255 - 01 July 2018
Summer reads
Susan Grossey may be
contacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com,
www.thinkingaboutcrime.com
Online Published Date:
28 June 2018
Appeared in issue:
255 - 01 July 2018
Human rights violations & financial penalties – Magnitsky law in the UK
Diana Czugler (+44 (0)20 7822 7773, dczugler@petersandpeters.com) is an associate and David Jones a trainee at Peters &
Peters.
Online Published Date:
28 June 2018
Appeared in issue:
255 - 01 July 2018
Conflicting messages - Pakistan
Taliban just over the border in
Afghanistan and a history of contact, if not cooperation, between the country’s
intelligence services and militant groups makes combating terrorist financing doubly
problematic for Pakistan, even before..
Online Published Date:
28 June 2018
Appeared in issue:
255 - 01 July 2018
Here and now – the cryptocurrency imperative
The e-genie was out of the bottle with
the arrival of Bitcoin. Virtual currencies are proliferating but it’s not too
late to seize the initiative before the criminals take full advantage, finds Sarah Gibbons.A new set of
privacy-focused..
Online Published Date:
28 June 2018
Appeared in issue:
255 - 01 July 2018