Author: Elizabeth Hearst
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EXCLUSIVE: FATF chief warns ‘we continue to see vasts amounts of dirty money funneled through offshore companies or stashed in real estate; lawyers and accountants turn a blind eye for a fast pay day; corrupt officials play system to hide illicit gains’
Bahamas removed from FATF ‘grey list’. Assessment complete and seal of approval granted from international financial crime watchdog
US Treasury office suggests certain banks may be granted exemptions from SAR filing if they meet certain conditions
Latest update from FATF tracks millions in COVID-related fraud and warns criminals continue to exploit the pandemic
Central Bank of Ireland issues letter to financial firm CEOs warning that significant AML flaws exist which require attention
European Parliament passes law to allow OLAF fraud agency and EPPO prosecutors to launch joint inquiries; Commission praises move as ‘major step forward’
BREAKING: Massive Russian-speaking criminal group ‘dismantled’ by authorities; Europol says network had infiltrated Spanish governance and was planning further sector takeovers
New US investigations reported for Danske scandal; prominent banks stress that cooperation with authorities is continuing
EBA publishes first review of ‘colleges’ to monitor international institutions across borders
UK’s FCA warns crypto customers must ensure they are not trading illegally in 2021; passing of ‘temporary registration’ deadline may mean some firms must stop business
