Category: Compliance
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UK bank Natwest due in court over money laundering failures; FATF chief doubts anyone will go to prison when multi-million-pound compliance probe concludes
Multi-billion-dollar Antwerp diamond markets set for new laws to curb money laundering; Mayor says news rules can ‘only benefit the reputation of the sector’
Credit Suisse under fire for helping American clients avoid tax; whistle-blower claims bank did not keep promise made seven years ago
Money launderers may be working out of thousands of South American petrol stations; report sheds light on multi-billion-euro battle on organised crime in oil industry
Commissioner blasts #OpenLux tax-avoidance and laundering revelations; hints at reform designed to hit shell companies hard
Switzerland to update its problematic AML laws but they will still fall short, not including lawyers, notaries or consultants
EBA emphasises ‘consistency’ across the EU when it comes to authorising credit institutions; seeks feedback on draft assessment guidelines
Art traders risk jail time if they use new KYC loophole, British experts warn; workaround for 5AMLD requirements is based on a ‘misinterpretation’ of the law
FinCEN: Biden’s catch-22 moment with the crypto industry after Trump leaves behind controversial proposals that could end Bitcoin’s meteoric rise
UBS may use separate laundering case as evidence of double standard and argue for reduction or dismissal of record €4.5BN fine
