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

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 FATF Financial Crime Money Laundering

EU Country Designations Rejected

In February, 2019 the EU Commission published a list of 23 Countries, which it believes have strategic deficiencies in their AML/CTF regimes and as such…

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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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Posted in Financial Crime Money Laundering

The United for Wildlife’s Financial Taskforce

The Royal Foundation’s United for Wildlife’s Financial Taskforce was launched in Q4 2019 in order to help target organised crime and the proceeds of the…

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Posted in Financial Crime Sanctions

Sanctions Screening Guidance

The Guidance was published in Jan 2019 and highlights: • whilst sanctions screening is a primary control, it is not foolproof and needs to be…

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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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Human Trafficking
Posted in AHT Financial Crime

Bank’s Alliance on AHT

Building on the success of AHT toolkits designed to be used by Banks & other financial institutions, via multi stakeholder working groups established and co…

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