Money Laundering Bulletin
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Money Laundering Bulletin is the practitioner source of analysis, features, and news on tackling illicit finance and sanctions compliance. Get the latest news on money laundering, terrorist & proliferation finance, and sanctions, to develop strategies to prevent suspicious money laundering activity.
Money Laundering Bulletin
2d ago
Nationwide legalization of marijuana consumption by adults in Canada in 2018 was experimentation on a grand scale, so how’s the trip been so far – high, mellow or gone to pot? Keith Nuthall explores the changing market and money flows ..read more
Money Laundering Bulletin
2d ago
The European Parliament has pushed the European Commission into a politically awkward position by refusing to follow the Financial Action Task Force (FATF) lead in removing the United Arab Emirates (UAE), Gibraltar and Panama from the European Union (EU) ML blacklist ..read more
Money Laundering Bulletin
5d ago
BaFin, the German financial services regulator, has ordered Commerzbank and its comdirect Bank arm to pay a €1.45m (US$1.55m) penalty for customer due diligence failings ..read more
Money Laundering Bulletin
5d ago
Ohio, USA bank First FS & LA or Lorain has entered into a formal agreement with the US Office of the Comptroller of the Currency (OCC) to upgrade its anti-money laundering controls to comply with the Bank Secrecy Act (BSA) as part of a larger, strategic plan to address “unsafe or unsound practices”. ..read more
Money Laundering Bulletin
1w ago
Ohio, USA bank First FS & LA or Lorain has entered into a formal agreement with the US Office of the Comptroller of the Currency (OCC) to upgrade its anti-money laundering controls to comply with the Bank Secrecy Act (BSA) as part of a larger, strategic plan to address “unsafe or unsound practices”. ..read more
Money Laundering Bulletin
1w ago
Two UK all-party parliamentary groups (APPGs) of MPs have published an Economic Crime Manifesto, second edition, cataloguing reforms they say are needed to shift the country’s status from “ haven for illicit wealth” to a “global leader in the fight against corruption fraud and dirty money ..read more
Money Laundering Bulletin
1w ago
PKB Private Bank SA must pay a CHF750,000 (US$821,376) fine after the Office of the Attorney General of Switzerland found that between 2011 and 2014 its controls had failed to prevent criminal “aggravated money laundering” by two employees in connection with the “Lava Jato” corruption case, centred on Brazil ..read more
Money Laundering Bulletin
1w ago
The European Union (EU) Council of Ministers has given its final approval to a directive requiring EU member states to criminalise and impose dissuasive penalties for deliberate evasion of sanctions ..read more
Money Laundering Bulletin
1w ago
Teamwork makes the dream work is a common rallying call when a business is successful. Recruiting people with the right skills and competence contributes to positive outcomes. So far, so good. Until less competent people at other firms undermine this success. Behold the new UK Payment Systems Regulator (PSR) 50/50 reimbursement regime ..read more
Money Laundering Bulletin
1w ago
Is suspicious activity reporting up, down, how much, by whom, and why? Tom Vidovic looks for answers in the latest annual report from the UK financial intelligence unit ..read more