Anti-Financial Crime & Financial Crime Compliance
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LATEST: Credit Suisse regulatory compliance head Gooding departing as part of wider overhaul at troubled lender

Premium March 9, 2023

FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Bern

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NEWS: Dominique Thienpont replaces Olivier Salles as Head of the AMLA Task Force

NEWS: TGP Europe, sponsor of multiple Premier League clubs, exits UK after £3.3M AML fine

INSIGHT: Why the US will not pull out of FATF – by organization’s former chief

By Stefania Spezatti CREDIT Suisse’s head of regulatory compliance, Julian Gooding, is leaving Switzerland’s second-biggest bank as part of a sweeping overhaul involving thousands of job cuts. Gooding was one of the most senior managers in compliance, overseeing anti-fraud measures as well as matters relating to market conduct and investors protection, said the two people,…

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Premium

NEWS: Dominique Thienpont replaces Olivier Salles as Head of the AMLA Task Force

NEWS: TGP Europe, sponsor of multiple Premier League clubs, exits UK after £3.3M AML fine

INSIGHT: Why the US will not pull out of FATF – by organization’s former chief

Regulatory Watch News

  • Memorandum of Understanding between OFAC and the Swiss State Secretariat for Economic Affairs

    OFAC

    The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published its Memorandum of Understanding with Switzerland's State Secretariat for Economic Affairs (SECO).

  • Crime group used light aircraft to smuggle cocaine haul to UK

    National Crime Agency

    A qualified pilot used his light aircraft in a bid to smuggle cocaine into the UK. Pilot Anastasios Balian, 52, and accomplice Errol McCardo Weir, 48, admitted trying to bring 30kg of the Class A drug into the country, following a National Crime Agency investigation. On 20 March this year, they were stopped by Border Force officers at North Weald airfield in Epping, Essex, after landing from Belgium via Calais. Officers searched the small plane and discovered a concealment had been built into the rear seats. Inside it were 30 1kg blocks of cocaine with a street value of about £2.4m.

  • £2m fine for online operator Spreadex Limited

    Gambling Commission

    A gambling business will pay a £2,022,000 penalty after a Gambling Commission investigation revealed Anti-Money Laundering (AML) and social responsibility failings.

    Spreadex Limited – which operates from Spreadex.com – will also have to undergo a third-party audit to ensure it is effectively implementing its anti-money laundering and safer gambling policies, procedures and controls. The failures were revealed during a compliance assessment in July 2023 and relate to the operator’s Gambling Commission licence to offer casino and fixed odds betting.

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