Category: Financial Services
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France leads EU charge to outlaw cash transactions over €10,000 in battle against Islamic terrorist activity
Head of Germany’s finance watchdog forced out as Wirecard scandal claims first major scalp; comes in wake of revelations BaFin knew of AML concerns at payments giant
BREAKING: Proposal to ban cash purchases over €10,000 circulated to European governments as Commission mulls new AML regime; Germany not happy
US marketing company hit with $150M fine for selling data to fraudsters; non-profit supporters among those targeted by resulting scams
US court hands businessman 35 months in prison for multi-million-dollar bribes of officials within Ecuador’s state oil company
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
