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Poisoned channels – a dive into streaming services
Continuous flows of video, music and gaming content online are multiplying the opportunities for fraud, extortion and laundering. Rose Pengelly explores the risk in real-time. Scaling-up uncheckedThe sector is expanding rapidly – US-based Grand View..
Online Published Date:
04 May 2022
Appeared in issue:
294 - 04 May 2022
Ukraine-Russia conflict [15] – sanctions: silver, caviar and social media
29/4/22: The USA tunes general licences around divestmentof holdings in GAZ Group while the UK seeks to deny designated persons use ofthe internet to broadcast to its citizens. Herbert Smith Freehills lawyerstrace through the measures. USALast..
Online Published Date:
04 May 2022
Appeared in issue:
294 - 04 May 2022
EU moves to ban Russian oil imports
On4 May [2022], the European Commission set out proposals for a sixth package ofsanctions against Russia, which, if agreed by member states, would see importsof its oil to the European Union cease by year end. Crude oil purchases from Russia would..
Online Published Date:
05 May 2022
Appeared in issue:
294 - 04 May 2022
Islamic State: still in business
The Islamic State in Iraq and Syria (ISIS) is a shadow of its former self in the Middle East, but, having spawned global affiliates, is very much a going concern. Paul Cochrane investigates a persistent terrorist financing threat. The fall and..
Online Published Date:
05 May 2022
Appeared in issue:
294 - 04 May 2022
One fifth effective – FATF assessment
Denis O’Connor, a Fellow of both the Institute of Chartered Accountants in England & Wales and the Chartered Institute of Securities and Investment, was a member of the British Bankers’ Association Money Laundering Committee from 2003-10 and a member of the Joint Money Laundering Steering Group’s Board and Editorial Panel between 2010 and 2016. He has been a frequent speaker at industry conferences on financial crime issues, both in the UK and abroad.
Online Published Date:
10 May 2022
Appeared in issue:
294 - 04 May 2022
Faster forward – UK agenda
Timon Molloy (timon.molloy@informa.com), Editor
Online Published Date:
11 May 2022
Appeared in issue:
294 - 04 May 2022
Access points: how to respond to raids by UK investigating authorities
Lloyd Firth (+44 (0)20 7872 1014, lloyd.firth@wilmerhale.com), counsel in WilmerHale’s UK white collar defence and investigations team.
Online Published Date:
11 May 2022
Appeared in issue:
294 - 04 May 2022
Ukraine-Russia conflict [16] – sanctions: accounting, company formation, management consulting
10/5/22: The US Office of Foreign AssetsControl has been busy as ever since the invasion of Ukraine issuing general licenses,most recently to recognise that Executive Order 14024 applies to theaccounting, trust and corporate formation services, and..
Online Published Date:
11 May 2022
Appeared in issue:
294 - 04 May 2022
Bermuda fines Conyers Corporate Services (Bermuda) Ltd almost US$1m after AML control failings
The Bermuda Monetary Authority (BMA) has imposed a civilpenalty of B$981,000 (US$981,000) on Conyers Corporate Services (Bermuda)Limited for historic breaches of the Corporate Service Provider Business Act2012 and the Proceeds of Crime (Anti-Money..
Online Published Date:
12 May 2022
Appeared in issue:
294 - 04 May 2022
Québec Inc. fined C$101,227 in Canada for lack of AML controls
Québec Inc., also trading as Groupe Sam's Globale, a realestate broker in Montréal was ordered to pay an administrative monetary penaltyof C$101,227 (US$77,520) on 19 October 2021 [1] after FINTRAC discovered sixbreaches of Canada’s anti-money..
Online Published Date:
12 May 2022
Appeared in issue:
294 - 04 May 2022
Artful endeavour
Tommaso Di Ruzza (https://www.linkedin.com/in/tommaso-di-ruzza-5014b91a7) is an AML/CFT senior consultant and former Director of the Financial Information Authority (AIF), Holy See/Vatican City State.
Online Published Date:
16 May 2022
Appeared in issue:
294 - 04 May 2022
Russian assets in reparation – how likely? Freezing, seizing & forfeiture under UK law
John Binns (+44 (0)20 7430 2277, jbinns@bcl.com) is a partner at BCL Solicitors LLP, specialising in financial crime and money laundering, including advice to the regulated sector.
Online Published Date:
18 May 2022
Appeared in issue:
294 - 04 May 2022
France rates positive overall for AML/CFT, weak in property sector – FATF
By Keith Nuthall
Online Published Date:
19 May 2022
Appeared in issue:
294 - 04 May 2022
Wells Fargo Advisors pays US$7m for late SARs
The broker-dealer and investment adviser arm of Wells Fargo, the US banking group, has agreed to pay US$7million to resolve charges brought by the US Securities and Exchange Commission (SEC) that it failed to make timely disclosure of at least 34..
Online Published Date:
21 May 2022
Appeared in issue:
294 - 04 May 2022
Big money – cash movement across borders
Anonymous, fungible, almost never an audit trail, cash remains king for criminals, but inserting large sums into the financial system, especially in major economies, is a challenge so shipping currency to jurisdictions with weaker controls has..
Online Published Date:
23 May 2022
Appeared in issue:
294 - 04 May 2022
Russia sanctions – the professions respond
By Keith Nuthall
Online Published Date:
24 May 2022
Appeared in issue:
294 - 04 May 2022
Reform, but enough? – the FATF strategic review
Three years after the Financial Action Task Force embarked on a major audit of its approach to combating money laundering and terrorist financing, leading practitioners share their opinions of the global standard setter’s conclusions and whether the..
Online Published Date:
24 May 2022
Appeared in issue:
294 - 04 May 2022
Collateral damage – AML & sanctions in war
Criminal money does not pose the same existential threat as an invading army but its corrosive flow will continue around and through any conflict. There will be delay, at least, as the bad actors adapt to circumstance while a clear focus on..
Online Published Date:
25 May 2022
Appeared in issue:
294 - 04 May 2022
National risk assessments almost worthless, says World Bank study
By Sara Lewis
Online Published Date:
25 May 2022
Appeared in issue:
294 - 04 May 2022