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Countrywide Estate Agents pays UK£215,000 for AML breaches in sector sweep across England
Countrywide Estate Agents has been fined UK£215,000 by HM Revenue & Customs for anti-money laundering failures in policies and controls at group level, as well as in its due diligence when it undertook verification, and for deficiencies in..
Online Published Date:
04 March 2019
Appeared in issue:
262 - 01 April 2019
UK tightens investor visa criteria
NewUK rules for foreign investors who wish to settle in the country will, fromApril this year, require applicants to prove they have had control for at leasttwo years over the minimum UK£2 million they need to put into local businesses,against 90..
Online Published Date:
07 March 2019
Appeared in issue:
262 - 01 April 2019
EU banks linked to ‘Troika Laundromat’ flows
By Sara Lewis
Online Published Date:
07 March 2019
Appeared in issue:
262 - 01 April 2019
EU member states reject Commission high-risk third country blacklist
By Keith Nuthall
Online Published Date:
07 March 2019
Appeared in issue:
262 - 01 April 2019
Troika Laundromat investigation finds suspect flows to banks across EU
If the alleged laundering through Troika Dialog, once Russia’s largest private investment bank, had involved only three parties, it may well have escaped notice but the revelations by the Organised Crime and Corruption Reporting Project (OCCRP)..
Online Published Date:
11 March 2019
Appeared in issue:
262 - 01 April 2019
Fast-track forfeiture - Account Freezing Orders activated
Anna Gaudoin (+ 44 (0)207872 1016, anna.gaudoin@wilmerhale.com)is an associate in WilmerHale’s UK White Collar Defence & Investigationspractice.
Online Published Date:
11 March 2019
Appeared in issue:
262 - 01 April 2019
UK sanctions enforcer imposes first monetary penalty – Raphaels Bank
Daniel Hudson (+44 20 7466 2470, daniel.hudons@hsf.com) is a partner and Daniel Hyde (+44 20 7466 2841, daniel.hyde@hsf.com) an associate at Herbert Smith Freehills.
Online Published Date:
11 March 2019
Appeared in issue:
262 - 01 April 2019
Gross dereliction of AML supervision duty by UK professional bodies – official report
By Timon Molloy, managing editor
Online Published Date:
12 March 2019
Appeared in issue:
262 - 01 April 2019
Gross dereliction of AML supervision duty by UK professional bodies – official report
By Timon Molloy, managing editor
Online Published Date:
12 March 2019
Appeared in issue:
Vol 31 No 07 - 01 April 2019
EU member states face court proceedings over 4MLD non-compliance
By Sara Lewis, in Brussels
Online Published Date:
14 March 2019
Appeared in issue:
262 - 01 April 2019
Official PEP list & supra AML supervisor win UK Parliament committee support
Difficult as it may be, the UK Government should try to measure the scale of the economic crime threat and its impact on different sectors more precisely, the Treasury Committee concludes in its report on AML supervision and sanctions..
Online Published Date:
14 March 2019
Appeared in issue:
262 - 01 April 2019
Mirror trading – clear reflection
Damon Batten (+44 (0)20 7620 8440, dbatten@bovill.com) is a managing consultant with Bovill.
Online Published Date:
19 March 2019
Appeared in issue:
262 - 01 April 2019
Group-wide AML/CTF compliance: new obligations for firms with overseas branches and subsidiaries?
In December 2017, the European Supervisory Authorities published a Report on draft Joint Regulatory Technical Standards (RTS) on the measures that credit and financial institutions should take to manage money laundering risk in their non-EU overseas..
Online Published Date:
21 March 2019
Appeared in issue:
251 - 01 March 2018
Leading questions – USA & Canada
The United States and Canada - two leading, developed countries with long-established anti-money laundering and combating the financing of terrorism (AML/CFT) regimes - have been found wanting by the Financial Action Task Force. Both jurisdictions..
Online Published Date:
25 March 2019
Appeared in issue:
262 - 01 April 2019
Listing to starboard
Susan Grossey may becontacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com,www.thinkingaboutcrime.com
Online Published Date:
25 March 2019
Appeared in issue:
262 - 01 April 2019
Channel update – Guernsey’s rulebook
Marcus Leese (+44 1481 737152, marcus.leese@ogier.com) is a partner and Alex Horsbrugh-Porter (+44 1481 752272,alex.horsbrugh-porter@ogier.com) is of Counsel at Ogier inGuernsey.
Online Published Date:
25 March 2019
Appeared in issue:
262 - 01 April 2019
PEPs, their private bankers and the whistleblower – a case study
DenisO’Connor is a Fellow of both the Institute ofChartered Accountants in England & Wales and the Chartered Institute ofSecurities and Investment. He was a member of the British Bankers’ AssociationMoney Laundering Committee from 2003-10 and a member of the Joint MoneyLaundering Steering Group’s Board and Editorial Panel between 2010 and 2016. Hehas been a frequent speaker at industry conferences on financial crime issues,both in the UK and abroad.
Online Published Date:
25 March 2019
Appeared in issue:
262 - 01 April 2019
Swedbank handled €135 billion for high-risk non-resident customers of Estonia branch, SVT
Swedbank, the largest lender in the Baltics, processed some €135 billion in transfers for non-resident customers, mainly Russian, of its Estonia branch, according to a report it commissioned, seen by Swedish public broadcaster SVT. [1]The review, by..
Online Published Date:
27 March 2019
Appeared in issue:
263 - 01 May 2019