i-law

Money Laundering Bulletin

Graph technology: seeing more in the data

The author is CEO and Co-Founder of Neo4j (www.neo4j.com), the graph database company.
Online Published Date:  02 August 2019
Appeared in issue:  266 - 26 June 2019

Crime pays in 77% of the world, it’s shocking. We need a Task Force.

Tristram Hicks spent a decade on the UK Criminal Finance Board and in operational command of financial investigators. He now teaches and researches.
Online Published Date:  02 August 2019
Appeared in issue:  266 - 26 June 2019

Challenges with implementing proliferation financing controls: how export controls can help

Togzhan Kassenova, PhD, CAMS is a Washington, DC-based senior fellow with the Project on International Security, Commerce, and Economic Statecraft (PISCES), Center for Policy Research, University at Albany – State University of New York. This article is republished with kind permission from WorldECR (www.worldecr.com).
Online Published Date:  05 August 2019
Appeared in issue:  266 - 26 June 2019

Chinese bank records of transactions outside correspondent account accessible by prosecutors, US court rules

A US appeals court has ruled [1] that the Patriot Act permits prosecutors to access the records of transactions by a foreign bank which do not pass through its US correspondent account if they form part of a larger plan to use it to acquire US..
Online Published Date:  07 August 2019
Appeared in issue:  266 - 26 June 2019

Over UK£100m frozen as new orders bite in overseas corruption case

Suspected proceeds of foreign bribery and corruption totalling more than UK£100 million are locked in eight bank accounts after the UK National Crime Agency (NCA) was granted account freezing orders on 12 August [2019].If subsequent investigation..
Online Published Date:  14 August 2019
Appeared in issue:  266 - 26 June 2019

EU prepares for reissue of third country ML/TF blacklist

The EU Commission is set by October [2019] to publish a revised methodology for identifying third countries that are failing to adequately combat money laundering and terrorist financing, according to a Financial Times report.Vera Jourova, the EU’s..
Online Published Date:  19 August 2019
Appeared in issue:  266 - 26 June 2019

Approach with caution – an FATF guidance quartet

Susan Grossey may be contacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com, www.thinkingaboutcrime.com
Online Published Date:  22 August 2019
Appeared in issue:  266 - 26 June 2019

Trade flows

Trade-based money laundering is acomplex, fluid typology, as hard for regulated businesses to recognise and control as it is for law enforcement to track and investigate. Subject to tightening US sanctions, Iran, with already unrivalled expertise..
Online Published Date:  22 August 2019
Appeared in issue:  266 - 26 June 2019

Correspondents course – MSBs & derisking

Money service businesses are cash-intensiveso heavily red-flagged, yet vital to migrant workers sending home small sums and sometimes the only conduit for financial aid in conflict zones. MLB correspondents, Paul Cochrane, Ramadhan Rajab, Jens..
Online Published Date:  22 August 2019
Appeared in issue:  266 - 26 June 2019

Not so small – Bermuda & Liechtenstein

Hard to locate, perhaps, on a map of the world, Bermuda and Liechtenstein cannot be overlooked in any survey of global financial centres. Jens Kastner compares how the jurisdictions are working to secure their futures as wealth havens in the era of..
Online Published Date:  22 August 2019
Appeared in issue:  266 - 26 June 2019

In the pits – F1 sponsorship and Italian tax evasion

Four months before the Formula One carsscream off the start-line in the Italian Grand Prix at Monza on 6-8 September [2019], a major arrest linked to money laundering was made in Dubai. Brenda Dionisi reports from Milan.On 29 May 2019 Luigi Provini..
Online Published Date:  22 August 2019
Appeared in issue:  266 - 26 June 2019

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