Category: Financial Services
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Head of compliance firm slams levels of fraud occurring in US COVID-relief schemes; says the same rate of fraud in a bank would cause it to collapse
INSIGHT: Up to half of Russian dirty money could flow through UK; expert claims criminals find it ‘too easy’ to set up shell companies in Britain
Former British cybersecurity chief warns insurance companies are financing organised crime through compliance with fraudsters; says problems is ‘close to getting out of control’
Latest FATF assessment sees improvements for Jamaica’s biggest AML concerns, but gaps remain ahead of ‘grey list’ removal target date
MEPs slam ‘confusing and inefficient’ list of tax havens and vote overwhelmingly for stricter measures; EU nations may be in line of fire; UK territories singled out
EXPLAINER: The PET Revolution – how preserving data privacy in intelligence sharing is a game changer in the global FinCrime sector
Europol enters into agreement with new EU prosecutor’s office; door opens for ‘crucial’ collaboration between legal and law enforcement
Incoming US treasury secretary says money laundering a ‘very high priority’, wants to ‘curtail’ cryptocurrencies such as Bitcoin
Commission announces strategy overhaul to preserve and strengthen the EU financial system; sanctions, currency and market infrastructure singled out by highest levels of EU governance
Bank of France conducts virtual currency trials; €2 million in simulated investment transactions take place as EU prepares for decision on digital euro
