Category: Banking
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#WomenInFinCrime: Advisory expert criticises the ‘disconnect between policy and practice’ when it comes to making FATF guidance work on the ground
Two charged in US for money laundering and bribery in Ecuador pension fund fraud case; corrupt profits estimated to have climbed beyond $65M
FATF chief is scathing of those in financial services who ‘box tick’ their way through AML. David Lewis demands FinCrime professionals ‘take more risks and stop just ticking the boxes’
EBA releases final guidelines for money laundering and terror-financing risk; says feedback has brought changes around KYC and risk-assessment
Malaysia’s AmBank to pay government €580M for its alleged role in ongoing multi-billion-dollar 1MDB scandal
PARLIAMENT DEBATE: Europe’s banks are acutely aware of responsibilities to stem money laundering; we can only hope EU’s new AML framework will ‘do exactly what it says on the tin’ to crack down on dirty money
BREAKING: Four nations including Morocco and Cayman Islands added to FATF ‘grey list’; global watchdog chief announces an emergency COVID summit for April
AMLi NEWS UPDATE: Tougher EU AML rules coming as part of move to centralise the fight against dirty money, says Commission finance chief
Criminals laundering assets worth as much as 2.7% of global GDP, warns UN report; up to 10% of all wealth in offshore havens
UK banks fund police operation responsible for over 100 arrests and millions in seized assets; officers say COVID led to surge in scam activity in 2020
