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Money Laundering Bulletin

: Cryptoassets, suspicion and failure to disclose - sections 329 and 330 of the UK Proceeds of Crime Act; Online Published Date : 20 January 2021 | Appeared in issue: 281 - 20 January 2021; Ariana Caines (+44 (0)20 3709 8711, [email protected]) is a barrister with Bright Line Law.

: Take it from the top; Online Published Date : 29 January 2021 | Appeared in issue: 281 - 20 January 2021; Timon Molloy ([email protected]), Editor

: UAE fines 11 banks over AML faults; Online Published Date : 01 February 2021 | Appeared in issue: 281 - 20 January 2021; The UAE Central Bank, on 24 January [2021], fined 11 banks, not named, a total of AED45,758,333 (US$12,460,000) for breaches of its anti-money laundering and counter-terrorist financing law. [1]In the last week of January [2021], Bank of Baroda..

: Whistle in confidence – US Anti-Money Laundering Act 2020; Online Published Date : 01 February 2021 | Appeared in issue: 281 - 20 January 2021; Meredith S. Dante (+1 215 864 8132, [email protected]) is a partner, Diana M. Joskowicz (+1 215 864 8311, [email protected]) an associate & Peter D. Hardy (+1 215 864 8838, [email protected]) a partner at Ballard Spahr LLP.

: Apple Bank pays US$12.5m to FDIC over US Bank Secrecy Act violations; Online Published Date : 02 February 2021 | Appeared in issue: 281 - 20 January 2021; Apple Bank for Savings of New York has paid US$12.5 million to settle claims by the Federal Deposit Insurance Corporation (FDIC) that it breached the Bank Secrecy Act (BSA) between April 2014 and September 2018. [1] The consent order was dated 21..

: Big ask - ex-fraudster on catching cash laundering; Online Published Date : 02 February 2021 | Appeared in issue: 281 - 20 January 2021; Much anti-money laundering expertise is built on the experience of victims and law enforcement, fed into techniques and systems fighting the crime. But ex-offenders have a different perspective and can offer fresh insight and intelligence maybe not..

: Base metal – gold & crime; Online Published Date : 02 February 2021 | Appeared in issue: 281 - 20 January 2021; Valuable, malleable, hard to trace, easy to transport and sell, gold possesses all the attributes that criminals desire so it is surprising, at the least, that controls on the trade are so lax. Paul Cochrane reports from Pietermaritzburg, South..

: Go slow over UBO – EU registers; Online Published Date : 02 February 2021 | Appeared in issue: 281 - 20 January 2021; Publicaccess to who owns companies set up in the European Union was a centrepiece ofthe Fifth Money Laundering Directive, yet Sara Lewis, in Brussels, findsthat not all member states are fully on board with the transparency agenda. Manyof the..

: UK private schools and universities complicit in West African PEP corruption, says report; Online Published Date : 05 February 2021 | Appeared in issue: 281 - 20 January 2021; By Sara Lewis

: Learning our lessons; Online Published Date : 09 February 2021 | Appeared in issue: 281 - 20 January 2021; Susan Grossey may be contacted on +44 (0)1223 563636, [email protected], www.thinkingaboutcrime.com

: Digital transformation: AML Compliance in 2020/21; Online Published Date : 11 February 2021 | Appeared in issue: 281 - 20 January 2021; Adam McLaughlin ([email protected]) is Global Head of Financial Crime Strategy & AML SME, NICE Actimize.

: Crown Resorts AML flaws make it unfit to run new Sydney casino, says regulator; Online Published Date : 11 February 2021 | Appeared in issue: 281 - 20 January 2021; By Keith Nuthall

: UAE fines exchange house AED504,000 for weak AML/CFT compliance; Online Published Date : 12 February 2021 | Appeared in issue: 281 - 20 January 2021; The Central Bank of the UAE (CBUAE), on 28 January [2021], fined an unnamed exchange house AED504,000 (US$137,200) over its deficient anti-money laundering and combating the financing of terrorism (AML/CFT) compliance framework.The size of the..

: Luxembourg register scrape reveals criminal, dead and child owners; Online Published Date : 15 February 2021 | Appeared in issue: 281 - 20 January 2021; By Sara Lewis, in Brussels