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Money Laundering Bulletin RSS feed

UAE fines 11 banks over AML faults

Online Published Date : 01 February 2021 | Appeared in issue: 281 - 20 January 2021

The UAE Central Bank, on 24 January [2021], fined 11 banks, not named, a total of AED45,758,333 (US$12,460,000) for breaches of its anti-money laundering and counter-terrorist financing law. [1]In the last week of January [2021], Bank of Baroda..

Base metal – gold & crime

Online Published Date : 02 February 2021 | Appeared in issue: 281 - 20 January 2021

Valuable, malleable, hard to trace, easy to transport and sell, gold possesses all the attributes that criminals desire so it is surprising, at the least, that controls on the trade are so lax. Paul Cochrane reports from Pietermaritzburg, South..

Go slow over UBO – EU registers

Online Published Date : 02 February 2021 | Appeared in issue: 281 - 20 January 2021

Publicaccess to who owns companies set up in the European Union was a centrepiece ofthe Fifth Money Laundering Directive, yet Sara Lewis, in Brussels, findsthat not all member states are fully on board with the transparency agenda. Manyof the..

FinCrime Curator – February 2021

Online Published Date : 02 February 2021 | Appeared in issue: 280 - 25 November 2020

Staying on top of all the quality AML and other financial crime content published online is a pleasurable duty and the last few months have yielded some material especially well worth a look and listen. (Note – external links may be cut or change..

Cash in

Online Published Date : 18 February 2021 | Appeared in issue: 282 - 17 February 2021

Cryptocurrencies and online transactions may pose increasing money laundering and terrorist financing (ML/TF) risks, especially with Covid-19 encouraging e-commerce, but the reality, find Paul Cochrane, Mauricio Savarese, Mark Rowe and Keith..