Tag: Money Laundering
Wolfsberg Annual Forum 2019
This Wolfsberg Annual Forum was held in Thun, Switzerland on 22-24 June, 2019 including 3 days of a public private conversation critiquing, problem solving, information…
FI Focus – Recent Highlights from Standard Chartered by Trish Sullivan
The Bank announced on 9th April, 2019 resolutions with US and UK authorities regarding its historical sanctions and financial crime controls, which mostly related to…
Panama papers recoveries exceed US$1.2 billion
According to the International Consortium of Investigative Journalists (ICIJ), recoveries fines & penalties arising out of the Panama Papers, has exceeded US$1.2 billion. The announcement…
Does the EU need a new AML Authority?
In the wake of a number of recent high profile money laundering scandals, that involved EU based Banks, the EU is proposing to extend powers…
US INCSR 2019 Published
The US Department of State published its 33rd annual report (INCSR for 2018) in March 2019 listing 81 Countries which are considered “Major Money Laundering…
Book Review – The Sarawak Report by Clare Rewcastle Brown
The Sarawak Report (available here) by eco journalist Clare Rewcastle Brown (CRB) describes her investigations to uncover the 1MDB scandal which has been described as…
FATF – Country Evaluation Results – Part 1
&With results on more than 70 Countries published and updated relating to technical compliance with the FATF 40 Recommendations as well as on effectiveness based…
EU Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance
The EU Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) concluded a 12 month study and presented recommendations to overhaul current systems…
FinCEN Director Speaks at SIFMA AML Conference
FinCEN Director, Ken Blanca’s presented remarks to the SIFMA AML conference in Feb 2019, were of particular interest in that they focussed on regulatory reform…
FATF Countries of Concern
Countries where FATF has called for counter measures remains unchanged with both North Korea and Iran still listed. That said counter measures on Iran had…
