AML
UK at risk over Chinese money laundering
UK authorities have been warned that attempts to establish London as a hub for Chinese currency dealing could be scuppered by the increased use of the renminbi by money launderers.
fbme loses cyprus court challenge
The Supreme Court of Cyprus has rejected an application by FBME bank that sought to suspend the sale of the branch’s operations on the island, as reports say EY investigators are continuing to look at money laundering claims made last month by the US Treasury Department.
Tax & Regulation | 22 Jul 14
250bn money laundering storm due at decades end
Developments in financial crime technology could uncover a £250bn "storm" of money laundering fines for "countless" banks around the world, says new research.
Fin holding cos under MAS purview
Singapores regulatory authorities are working on norms that would bring financial holding companies under its ambit as it seeks to enhance the regulatory framework for combating money laundering and terrorism financing.
intl money laundering gang jailed
Four men who created a tangled web of financial transactions across the globe in an attempt to launder $15.5m stolen 11 years ago from a German bank have been jailed.