Category: Financial Services
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FCA Chair says agency sometimes fails to act against firms due to ‘perception of risk’; CEO hints at tougher licencing measures in future
Former Romanian minister handed eight years in prison for corruption; daughter of former president and several others also sentenced
Two charged in US for money laundering and bribery in Ecuador pension fund fraud case; corrupt profits estimated to have climbed beyond $65M
FATF releases draft guidelines for combatting proliferation financing risk; seeks feedback from private sector ahead of final publication
UAE launches two programmes to crack down on dirty money
US FinCrime watchdog is ‘overstretched’ and needs re-imagining; new report and suggests major overhauls for struggling agency, including a ‘FinCEN Manhattan Project’
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
Swedbank says it won’t sue former CEO over 2019 money laundering violations in Baltics
NZ real estate chief dismisses official AML warning as a way to ‘make an example’ of his firm as new financial crime laws settle in
