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Index 2000
Accounting
Money laundering: ICAEW guidance notes, John Young, May 2000.
British Virgin Islands
British Virgin update, Lisa Penn-Lettsome, December 1999/ January 2000.
Cases
Laundering Capital, Timon Molloy, November 2000.
The Abacha affair –..
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
The Abacha affair: the powers of the Serious Fraud Office
The news that the Serious Fraud Office is to investigate the role that UK banks played in the removal of funds from Nigeria by Sani Abacha and his associates is an opportunity to revisit the powers of the SFO. Michael Grant of London Guildhall University provides a detailed review.
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
Technology to fight money laundering
Debbie Ward and Mark Prentice, of Ernst & Young’s Fraud Investigation Group in London consider the use of technological solutions in the fight against money laundering
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
New rules, new rigour and soon
The final text of the Financial Services Authority’s Money Laundering Sourcebook is due to be published imminently. How will the new rules fit in with the existing 1993 Money Laundering Regulations and the Joint Money Laundering Steering Group (JMLSG) Guidance Notes for the Financial Sector? Timon Molloy attended a Euro Forum event in London recently to find out.
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
Russia
Russian tax police focus on laundering
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
St Kitts & Nevis
St Kitts & Nevis passes anti-laundering law
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
Antigua & Barbuda
UK modifies advisory on Antigua and Barbuda
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
Israel
Israel sets up FIU
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
Jersey
Jersey regulates trusts
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
United Kingdom
Abacha fall-out
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000
Qualified Intermediaries and “Know Your Customer” rules
At first sight, it would not be unreasonable for UK MLROs to assume that KYC compliance with the new UK anti-money laundering regime will satisfy the requirements of the US Internal Revenue Service Qualified Intermediary (QI) agreement. However, this is not necessarily the case. Andrew Clark and Helena Varney of PricewaterhouseCoopers explain.
Online Published Date:
01 December 2000
Appeared in issue:
79 - 01 December 2000