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Power-broking: Iranian sanctions and conflict in the Middle East
Negotiations at the end of November on whether limited relaxation of sanctions on Iran should be extended into 2015 will be coloured not only by evidence of the country’s non-military nuclear intentions but also its role as a potential ally in..
Online Published Date:
28 October 2014
Appeared in issue:
218 - 28 October 2014
Getting their hands dirty – the illegal charcoal trade
The demand for charcoal in Africa has never been higher, while weak or absent controls over production and export make it an irresistible and lucrative source of funds for terrorists, armed political factions and criminals alike. David Carlisle..
Online Published Date:
28 October 2014
Appeared in issue:
218 - 28 October 2014
Penalty points
Fines for AML breaches may be rising on both sides of the Atlantic but real interest lies in the variations. Timon Molloy reads between the numbers.
If we look first at the US, the Financial Crimes Enforcement Network (FinCEN) took six..
Online Published Date:
28 October 2014
Appeared in issue:
218 - 28 October 2014
Rocky relations – Gibraltar and Spain
Spain’s historic claim to Gibraltar may make it quick to criticise the British overseas territory but allegations that ‘The Rock’ is a centre for handling illicit funds are hotly disputed, Pacifica Goddard finds.
Taxing..
Online Published Date:
28 October 2014
Appeared in issue:
218 - 28 October 2014
All in the price – the hidden cost of trade-based money laundering
The chance that a discrepancy between contract price and value of goods delivered in any single open account transaction will be picked up from the massive volume of daily business of financial institutions, whether by the authorities or AML..
Online Published Date:
28 October 2014
Appeared in issue:
218 - 28 October 2014
Systems switch – a technology tour
The pace of regulatory change may be rapid and continuous but AML technology providers are working hard to keep pace, both with it and each other. Kitty So reports.
As anti-money laundering (AML) regulations become more complex and..
Online Published Date:
28 October 2014
Appeared in issue:
218 - 28 October 2014
Making a Korea in AML
South Korea has worked hard to address the long list of deficiencies identified by the Financial Action Task Force in its 2009 mutual evaluation. Sue Grossey examines the changes that earned it removal from the follow-up process in June this..
Online Published Date:
28 October 2014
Appeared in issue:
218 - 28 October 2014