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Money Laundering Bulletin RSS feed

Sparing the rod – UK AML supervision

Online Published Date : 11 August 2020 | Appeared in issue: 276 - 06 July 2020

Late reporting carries regulatory sanction unless, that is, you’re a regulator, apparently. Or maybe publication in August 2020 of the review of UK AML supervisors’ performance for the period 6 April 2018 to 5 April 2019 [1] is solely down to HM..

Qualified positive – the UK economic crime levy

Online Published Date : 20 August 2020 | Appeared in issue: 276 - 06 July 2020

Alun Milford (+44 (0)20 7369 3818, amilford@kingsleynapley.co.uk) is a criminal litigation partner at Kingsley Napley LLP. Previously he was General Counsel at the Serious Fraud Office, the Crown Prosecution Service’s Head of Organised Crime, its Head of Proceeds of Crime and Revenue and Customs Prosecutions Office’s Head of Asset Forfeiture Division.

Opinion: China is the world’s biggest money laundering threat

Online Published Date : 20 August 2020 | Appeared in issue: 276 - 06 July 2020

John A. Cassara retired after a 26-year career as a U.S. intelligence officer and Special Agent for the Department of Treasury. He is a speaker and consultant and is on the Board of Directors of Global Financial Integrity. Cassara has written countless articles and five books on money laundering and threat finance. Additional information is available at www.JohnCassara.com

Out of control – the Commerzbank London case

Online Published Date : 25 August 2020 | Appeared in issue: 276 - 06 July 2020

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.

Undaunted - fintechs forge on

Online Published Date : 25 August 2020 | Appeared in issue: 276 - 06 July 2020

Energetic and determined to shake upfinancial services, fintechs are innovating in AML as well. Paul Cochranekeeps pace with the latest developments. The world’s fast-growing digital banking andpayments sector requires regulatory compliance software..

China – set out

Online Published Date : 25 August 2020 | Appeared in issue: 276 - 06 July 2020

The People’s Republic of China may be vying for premier position in global economic rankings but, despite a recent rise in enforcement activity, it still has far to go in the anti-money laundering league, finds Jens Kastner.China is expanding..

Crown Dependencies – ownership and control

Online Published Date : 25 August 2020 | Appeared in issue: 276 - 06 July 2020

Britain’s three Crown Dependencies – theIsle of Man, Jersey and Guernsey – are preparing to draft legislation to ensuretheir respective beneficial ownership registers are open to the public, even asthey steer between UK and EU influence post Brexit,..

Go East – salaries and prospects in Asia

Online Published Date : 25 August 2020 | Appeared in issue: 276 - 06 July 2020

Leadership in global trade may be tipping in favour of the Far East but governance is playing catch-up – good news, one would think, for anti-money laundering compliance. Poorna Rodrigo, Keith Nuthall and Julian Ryall go into the job market.Hong..