- Home/Publications/Money Laundering Bulletin
It’s behind you!
Susan Grossey may be contacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com, www.thinkingaboutcrime.com
Online Published Date:
13 January 2020
Appeared in issue:
270 - 03 February 2020
Use of threshold variations when seeking a defence against money laundering
Steve Smith (+44 20 7919 0616, SteveSmith@eversheds-sutherland.com) is a partner and Ruth Paley (+44 207 919 0527, RuthPaley@eversheds-sutherland.com) is of counsel at Eversheds Sutherland.
Online Published Date:
13 January 2020
Appeared in issue:
270 - 03 February 2020
Matching K(S)SS(S)tem* [2]: Foundations
Eric A. Sohn, CAMS (eric.sohn@dowjones.com), global market strategist and product director, Dow Jones Risk & Compliance, New York, NY, USA.
Online Published Date:
14 January 2020
Appeared in issue:
270 - 03 February 2020
The future of AML – HSBC sets course
HSBC had it all to prove in 2012 on signing a five-year deferred prosecution agreement (DPA) in the US to correct wide-scale AML/CFT deficiencies. Seeing opportunity in challenge, the bank’s overhauled approach to financial crime goes on the..
Online Published Date:
14 January 2020
Appeared in issue:
270 - 03 February 2020
Lean in AML – on the pace of innovation
Artificialintelligence and machine learning: the latest technology trend or fast becomingthe only credible option to address the explosion in data - static, dynamic,formatted, unstructured, customer, proprietary, open-source - that could have..
Online Published Date:
14 January 2020
Appeared in issue:
270 - 03 February 2020
The Net tightens – cryptocurrency regulation
The ultimate liquid assets, cryptocurrencies are set to cede advantage back to cash (already more stable in value), at least for criminals, as regulation catches up and insists on knowing who holds them. Sarah Gibbons reports on innovation in..
Online Published Date:
14 January 2020
Appeared in issue:
270 - 03 February 2020
Sixth sense – the other EU Directive
If anti-money laundering regulation is variable across the European Union, despite five directives, so too are the criminal money laundering offences and associated penalties, but a sixth seeks to create common ground. Sara Lewis in Brussels reviews..
Online Published Date:
14 January 2020
Appeared in issue:
270 - 03 February 2020
Collective effort – data aggregation under pressure
Bringing data together and sharing it should both reduce costs for users and, if validated to the right standard once, improve accuracy, so is it happening? asks Sarah Gibbons.Utility appealAggregated data on shared utility platforms operating..
Online Published Date:
14 January 2020
Appeared in issue:
270 - 03 February 2020
Expected, return on investment - Slovakia
Arecent external rating of the small central European state is positive but Slovakia’sown National Risk Assessment tells a different story. Martina Marečková,in Prague, Sara Lewis, in Brussels and Keith Nuthall check thefacts. Slovakiamay face..
Online Published Date:
14 January 2020
Appeared in issue:
270 - 03 February 2020
UK data leak exposes beneficial owners of 400,000 shell companies
By Sara Lewis
Online Published Date:
16 January 2020
Appeared in issue:
270 - 03 February 2020
Professional services firms worked for corrupt Angolan PEP, investigative journalists claim
Isabel dos Santos, Africa’s richest woman, was able to build a fortune in Angola, often benefiting from government decrees signed by her father while president, and then shield it with the help of Western accounting, consulting and law firms,..
Online Published Date:
20 January 2020
Appeared in issue:
270 - 03 February 2020
Regulators behaving suspiciously!
Report by Denis O’Connor. A Fellow of both the Institute of Chartered Accountants in England & Wales and the Chartered Institute of Securities and Investment, Denis was a member of the British Bankers’ Association Money Laundering Committee from 2003-10 and a member of the Joint Money Laundering Steering Group’s Board and Editorial Panel between 2010 and 2016. He has been a frequent speaker at industry conferences on financial crime issues, both in the UK and abroad.
Online Published Date:
21 January 2020
Appeared in issue:
270 - 03 February 2020
The future of AML – HSBC sets course [2]
Europe’s largest bank, with over 40 million customers and a network spanning 65 countries and territories, presented Marc Fungard, Global Head, Research and Analytics, Financial Crime Threat Mitigation, HSBC with an ocean of data to boil in the..
Online Published Date:
22 January 2020
Appeared in issue:
270 - 03 February 2020
Dos Santos on laundering charge linked to Angola state oil company
Isabel dos Santos, Africa’s richest woman, is accused of money laundering in connection with the embezzlement of funds from Sonangol, the Angolan state oil company she once chaired.Helder Pitta Gros, Angola’s attorney-general, said on 22 January..
Online Published Date:
23 January 2020
Appeared in issue:
271 - 02 March 2020
Digital ID – setting the standard
Vanessa Richards (+44 (0) 1235 375 000, marketing@northrow.com) is Chief Product Officer at NorthRow (www.northrow.com).
Online Published Date:
28 January 2020
Appeared in issue:
271 - 02 March 2020
Bank of China pays €3.9 million to settle French tax evasion case
Bank of China Ltd is to pay €3.9 million to settle French criminal charges that it helped customers move funds, on which European taxes went unpaid, to Asian accounts.Paris prosecutor Remi Heitz said that proceedings against 28 business owners and..
Online Published Date:
29 January 2020
Appeared in issue:
271 - 02 March 2020
UK confiscation rare; regime not fit for purpose, says leading counsel
Confiscation orders against companies in England and Wales are both few and far between and not always paid.The White Collar Crime Centre [1] found that under 20 were made in the two years to June 2017. Between June 2016 and June 2017 only four..
Online Published Date:
31 January 2020
Appeared in issue:
271 - 02 March 2020