Category: Financial Services
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FRANCE: Illegal gold smelting operation in Paris probed for links to Tamil Tigers; truck driver charged in Hong Kong for selling a tonne of bullion
NEW ORDER: EU’s finance supremo heaps praise on America’s new AML laws, stresses importance of multilateralism as new era in US relations
CAYMANS: First fines for beneficial ownership violations as Islands align with FATF standards
Three Jersey firms owned by French multinational bank fined €827,000 for AML breaches
US judge rules BNP Paribas must face allegations related to Sudan conflict; bank’s request to dismiss lawsuit largely rejected
Virtual asset services causing problems in Denmark’s latest FATF assessment; the only area of AML to be downgraded to weaker rating
Gambling CEO resigns in Australia amid extensive money laundering allegations that cost new $2.2BN casino its operating licence.
DNB breathes sigh of relief as bribery investigation dropped; national watchdog finds no evidence to prosecute individuals or penalise company
HONEST APPRAISAL:‘Huge gap’ between theory and practice on national AML frameworks, warns FATF’s President
WARNING TO UK: Barnier says British financial institutions are using ‘letterbox companies’ as a back door to remain in single market after Brexit.
