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Geneva agreement - towards relaxation of US & EU sanctions on Iran
Susannah Cogman (+44 20 7466 2580, Mob +44 7809 200 135, susannah.cogman@hsf.com) andRod Fletcher (+44 20 7466 2411, Mob +44 7802 216 842, rod.fletcher@hsf.com)are partners at Herbert Smith Freehills (www.hsf.com).
Online Published Date:
26 November 2013
Appeared in issue:
209 - 29 November 2013
Banking in Lebanon – the ultimate balancing act
Lebanon’s hard-won, always precarious reputation as a comparatively clean banking location in the Levant was dealt a severe blow with the Lebanese Canadian Bank case in 2011 [1] but it has restored confidence overseas, notably in Washington,..
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013
Isn’t it nice when things just… work?
Anti-money laundering is, in essence, a two-part machine, says Tristram Hicks: one section is running, if imperfectly, but the other is still in pieces.
The FATF New Methodology
In April 2003, the Honda Accord advert ‘Cog’ was..
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013
Once Bitcoined, twice shy
Not backed by a central bank, Bitcoin is a libertarian act of faith that has already passed some difficult tests, but can it be made safe from criminals? Sue Grossey explores the risky financial frontier.
In another incarnation I am a financial..
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013
Blood money in West Africa - FATF flags the risk
Inability to spot suspicious transactions, cash-based economies, porous borders and weak inter-state cooperation leave West Africa open to terrorist financiers, the Financial Action Task Force (FATF) warns in a typologies report published on 12..
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013
Asset managers’ AML/ABC controls disappoint the UK regulator
Another thematic review, more dismal findings: the UK Financial Conduct Authority’s examination of AML and anti-bribery and corruption (ABC) controls at 22 asset management and platform firms, including some from major groups, is true to form...
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013
EU Parliament proposes PEP list
The regulated sector would have access to a list of domestic politically exposed persons (PEPs) in EU member states if European Parliament amendments to the draft text of the Fourth Money Laundering Directive are accepted. [1]
The wording of a new..
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013
The Uzbek connection - Sweden heeds the call
Opaque payments around a 3G mobile licence deal trigger a searching review of AML obligations in Stockholm. Gerard O’Dwyer reports from Helsinki.
The ongoing investigation into Swedish telecoms group..
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013
Law and order – managing police enquiries
Law enforcement are at the door with a production order in hand; how should you react? In the second of two articles based on an Institute of Money Laundering Prevention Officers workshop, John Horan of Maze Investigations, Compliance & Training..
Online Published Date:
29 November 2013
Appeared in issue:
209 - 29 November 2013