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Egypt - in transition [Video]
Seven years after the Arab Spring, Egypt is stable but investors remain wary in the wake of November 2016’s currency devaluation, with international banks also de-risking in favour of regional players. Only ten per cent of the population have..
Online Published Date:
08 January 2018
Appeared in issue:
250 - 01 February 2018
Dark matter [Video]
The dark web hosts a wealth of tools, stolen data and fora for criminals but does it mean they are able to access these and interact with impunity? Violetta Teetor spoke to Sergio Isidoro, Risk Officer at Holvi, in the margins of Junction 2017,..
Online Published Date:
08 January 2018
Appeared in issue:
250 - 01 February 2018
Dark web - insight from India [Video]
..
Online Published Date:
08 January 2018
Appeared in issue:
250 - 01 February 2018
Citibank fined US$70m over failure to comply with 2012 AML consent order
By Keith Nuthall
Online Published Date:
08 January 2018
Appeared in issue:
250 - 01 February 2018
US court convicts Turkish banker for Iran sanctions violations
By Keith Nuthall
Online Published Date:
08 January 2018
Appeared in issue:
250 - 01 February 2018
Western Union fined US$60m: executives wilfully blind to agent fraud and suspicious transactions to China
By Keith Nuthall
Online Published Date:
08 January 2018
Appeared in issue:
250 - 01 February 2018
Police corruption & reliance on beneficial owners to self-declare weigh on Mexico AML, says FATF
By
Keith Nuthall
Online Published Date:
08 January 2018
Appeared in issue:
250 - 01 February 2018
Money mule advert convinces one in three
One in three Britons would apply for a job as a money mule, according to an experiment by Santander UK.The bank put a bogus job description for a ‘Financial Transaction Control Analyst’ at the fictitious ‘Money Spark Company’..
Online Published Date:
16 January 2018
Appeared in issue:
250 - 01 February 2018
UK MSB AML/CFT supervision needs review, says RUSI
By Keith Nuthall
Online Published Date:
16 January 2018
Appeared in issue:
250 - 01 February 2018
MEPs strike agreement over EU crime proceeds confiscation law
By Keith Nuthall
Online Published Date:
16 January 2018
Appeared in issue:
250 - 01 February 2018
Fed fines Mega Bank $29m for wide-ranging AML breaches
Taiwan’s Mega International Commercial Bank will pay a $29m civil penalty and overhaul its anti-money laundering and US sanctions compliance controls, under the terms of a cease and desist order issued by the New York Federal Reserve on 17..
Online Published Date:
23 January 2018
Appeared in issue:
250 - 01 February 2018
Bigger is better – AI and data
If the potential of artificial
intelligence (AI) in AML compliance is to be fulfilled more data, shared, is
demanded, finds Sarah Gibbons in
this report from the regtech hubs.Specialists from banking and finance,
compliance, the legal..
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Malta – falling foul
The murder of investigative journalist Daphne Caruana Galizia in Malta on 16 October last
year focused the world’s attention on the tiny Mediterranean jurisdiction and
its failure to combat corruption. But even before the murder, Malta was..
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Down Mexico way
Susan Grossey may be
contacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com,
www.thinkingaboutcrime.com
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Leaps and gaps - Myanmar
Progress in Mayanmar towards an AML/CFT
regime that meets international standards is impressive, writes Steve Gilmore from Yangon. There is far
to go, though, as huge swathes of the economy still lie outside regulatory
control and the drive to..
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
New tech, old crimes – South Korea
A burgeoning IT sector, busily breaking
into financial services, and allegations of corruption in high places present
twin challenges to (A)ML law and control in South Korea. Oh, and then there’s a
bellicose northern neighbour to manage...
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Reformation – the Vatican’s work in progress
While the Vatican City State and Holy
See’s acceptance that their financial institutions could be exploited by money
launderers is far more realistic than the denials of 10 years ago, writes Brenda Dionisi, from Milan, a
much-anticipated..
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Terrorist Financing: through the front door
David
Carlisle is based in London and can be reached at dcarlisle08@gmail.com
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
On the learning curve: in China
Beijing is on a new drive against
criminal fund flows, raising public awareness of the costs and increasing
demands on financial institutions backed by more enforcement; but it can only
mark the start of a long journey. Mark
Godfrey reports...
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Now you see it, now you…
The lure of banking bonuses, lack of
dedicated resources, ineffective compliance models and whistleblower protection
schemes have all been blamed for financial organisations looking the other way
when they come across AML deficiencies, turning a..
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Cryptocurrencies – a Rough Guide to AML
Chris
Warren-Smith (+44 (0)20 3201 5450, chris.warren-smith@morganlewis.com)
is a partner and Jack Shawdon a
trainee solicitor at Morgan Lewis.
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
California card club fined $8m for sustained AML breaches
FinCEN has fined Artichoke Joe’s Casino (AJC), established in 1916 and one of California’s largest card clubs, $8m for wilful violations of Bank Secrecy Act (BSA) requirements over eight years, from October 2009 to November 2017...
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018
Online casinos must address basic AML/CFT control flaws, UK regulator warns
Five remote casino operators could lose their licence to deal with UK customers after the Gambling Commission (GC) discovered failings in anti-money laundering and counter-terrorist financing controls during a review of the sector.“Significant..
Online Published Date:
24 January 2018
Appeared in issue:
250 - 01 February 2018