standard chartered bank
Posted in Antiquities Cybercrime Digital ID

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…

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Posted in Money Laundering

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…

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Posted in Financial Crime Money Laundering

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…

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Posted in Financial Crime Money Laundering

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…

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Posted in Financial Crime 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…

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Posted in FATF Financial Crime Money Laundering

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…

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Posted in Financial Crime Money Laundering

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…

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Posted in Financial Crime Money Laundering Sanctions

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…

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fatf meeting
Posted in FATF Financial Crime Money Laundering

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…

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Risk Assessment
Posted in Financial Crime Money Laundering

US Money Laundering Risk Assessment – 2018

With estimates of approximately 2-5% of a global GDP suggested as likely amounts representing the annual With UNODC estimates of approximately 2-5% of global GDP…

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