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Implementation over revision – FATF executive secretary sets his sights
The word from David Lewis, Executive Secretary of the Financial Action Task Force (FATF), is that the UK’s impending ‘Brexit’ departure from the European Union (EU) should not immediately compromise the global fight against money..
Online Published Date:
26 October 2016
Appeared in issue:
239 - 27 October 2016
FATF sets out steps to correspondent banking compliance
There
is “no expectation, intention or requirement” for banks to conduct due
diligence on their customers’ customers, the Financial Action Task Force (FATF),
confirms at the start of its ‘Guidance on Correspondent Banking..
Online Published Date:
27 October 2016
Appeared in issue:
239 - 27 October 2016
The Fourth amendments - a view from Brussels
Dr Krišjānis Kariņš MEP, co-rapporteur on the Fourth EU Money Laundering Directive, who piloted the act through the European legislative process, is now hard at work on the amendments – the so-called ‘Fifth..
Online Published Date:
27 October 2016
Appeared in issue:
239 - 27 October 2016
The consent regime – as you were!
Daren Allen (+44 (0)20 7246 7651, Daren.allen@dentons.com) is a partner at Dentons in London.
Online Published Date:
09 November 2016
Appeared in issue:
239 - 27 October 2016
Sonali Bank case sets expectations of UK MLROs
Ian Mason (+44 (0) 207 153 7464, Ian.Mason@dlapiper.com), Legal Director DLA Piper LLP.
Online Published Date:
09 November 2016
Appeared in issue:
239 - 27 October 2016
Foreign banks in the UK – a warning
Daren Allen (+44 (0)20 7246 7651, Daren.allen@dentons.com) is a partner at Dentons in London.
Online Published Date:
10 November 2016
Appeared in issue:
239 - 27 October 2016
Changing up into Fifth
Timon Molloy (timon.molloy@informa.com), Editor
Online Published Date:
18 November 2016
Appeared in issue:
239 - 27 October 2016
Debased – the dark appeal of gold in Colombia [Video]
The gold supply chain, from mine to exported ingot, shines for Colombia’s criminals seeking alternatives to cash and bank transfers when moving illegal funds. James Bargent reports from Medellin on how a trade exploited is responding to..
Online Published Date:
18 November 2016
Appeared in issue:
239 - 27 October 2016
Beneficial ownership – registration, it’s a start
Alex Curry (+44 (0)1534 514032, alexander.curry@ogier.com) is a senior associate in the Jersey Corporate and Commercial team at Ogier.
Online Published Date:
22 November 2016
Appeared in issue:
239 - 27 October 2016
Transatlantic tension – US-EU AML & data protection
The challenges of information statecraft for global financial institutions are examined in a SWIFT Institute report, ‘Multinational Banking and Conflicts among US-EU AML/CTF Compliance & Privacy Law: Operational & Political Views in..
Online Published Date:
22 November 2016
Appeared in issue:
239 - 27 October 2016
Virtual casinos, real dangers
Susan Grossey may be contacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com, www.thinkingaboutcrime.com
Online Published Date:
22 November 2016
Appeared in issue:
239 - 27 October 2016
Starting to give – charities, money services, de-risking
In June this year, the Financial Action Task Force (FATF) moved to ease access to banking services by NGOs through revision of Recommendation 8 but experience points to obstacles still in place, says Alan Osborn.Confronted with evidence that..
Online Published Date:
22 November 2016
Appeared in issue:
239 - 27 October 2016
Central Bank theft – casino repercussions: the Philippines
The theft in February this year of $101m from the Bangladesh central bank account at the Federal Reserve Bank of New York in an audacious hack of SWIFT codes saw funds flow to casino accounts at Rizal Commercial Banking Corporation in the..
Online Published Date:
02 December 2016
Appeared in issue:
239 - 27 October 2016