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(Bloomberg) -- Three banks have cracked the code on the Federal Reserve’s stress tests. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley took advantage of an option to adjust their plans for dividends and stock buybacks after their original requests left them too little. [...]
(Reuters) - The Dutch government will reconsider selling off ABN Amro [ABRGPA.UL], Finance Minister Jeroen Dijsselbloem said, after senior managers agreed t. [...]
(Bloomberg) -- The near-collapse of Duesseldorfer Hypothekenbank AG, the German lender hit by Heta Asset Resolution . [...]
Since the late-2000s, the Continue Reading
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The Islamic State's varied sources of funding – from oil revenue to the sale of looted antiquities – are a challenge for U.S. and international efforts intended to weaken and destroy the t. [...]
The FTSE 100 fell by up to 1 per cent in the opening hours, before recovering to a . [...]
Rising global interest rates could prompt a new credit crunch in emerging markets, as businesses that have ridden the w. [...]
The FCA’s approach to the implementation of ring-fencing and ri. [...]
The firm’s sixth annual Middle Eastern Investment Panorama (MEIP), released on Monday, found that close to 90% of investment advisers interviewed thought regulators should do more to moni. [...]
Investors and fund companies should brace themselves for a blizzard o. [...]
Six big U.S. banks need to raise an additional $120 billion, most likely in long-term debt, . [...]
A Specialized Banking Seminar: Implication of Int. Laws Enforcement on Banks De-Risking (AML-CFT-BASEL & FATCA)
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Mansour is head of the Special Investigation Commission at BDL
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Reinsurance arrangements in the Middle East often involve cross-border transactions, with the cedant based locally,. [...]
There is a growing necessity for businesses to implement compliance monitoring systems and many are struggling with the task of migrating from memory, pap. [...]
The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the glob. [...]
Going, going, gone … most online banking fraud victims never see t. [...]
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The very foundations of the caliphate appear to be crumbling. Territories once enjoyed by the . [...]
The long-running Continue Reading
Recent attacks in Paris, Beirut and Baghdad linked to the Islamic State in Iraq and Syria (ISIS) have once again brought terrorism and Islamic extremism to the forefront of international relations. According to newly released data that the P. [...]
Anti-money laundering, the more we neglect, the more we regret,
After Wall Street has spent years trying to convince regulato. [...]
OFAC has targeted what it says is a key Hizballah support network by sanctioning Ali Youssef
Almost a third of internet users admitted to sharing their personal details on social networking sites (SNS) that left them vulnerable to attack. [...]
Encrypted communication for the modern terrorist.
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Bank of China Ltd. must boost its money-laundering protections in the U.S. in response to a regulator’s enforcement action that cited deficiencies invol. [...]
Insurers should collaborate further on data-sharing initiatives aimed at reducing insurance fraud, according to a government-commissioned report.21 Jan 2016
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WASHINGTON -- At first glance, it’s a case that could easily be misconstrued as a . [...]
By Zach Cape. [...]
By Zach Cape. [...]
The Basel AML Index is an annual ranking assessing country risk regarding money laundering/terrorism financing. It focuses on anti. [...]
With firewalls no longer seen as enough of a defense against security breaches, companies are looking at new tools to foil hackers tryi. [...]
The landscape of money laundering has undergone a process of evolution where culprits have shifted from conducting face to face cash or wire transactions to a more digital a. [...]
The head of the Treasury Department’s Office of Terrorism and Financial Intelligence Continue Reading
OFFICE OF FOREIGN ASSETS CONTROL
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New York State's financial regulator has extended by nearly two months the comment period fo. [...]
The United States and Britain have monitored secret sorties and communications by Israel's air force in a hacking operation dating back. [...]
"Money laundering and the financing of terrorism are financial crimes with eco. [...]
The Turkish government has moved to boost its contribution in global counter-terrorism efforts by ratifying a key convention of the Council of <. [...]
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By the time Wayne Simmons went on Fox News last March for what would end up being his final appearance, viewers knew what to expect. "This president clearl. [...]
Martin Woods, Thomson Reuters
The actions of a group of organised individuals in Paris on November 13 amounted to perhaps the most deadly and significant terro. [...]
Martin Woods, Thomson Reuters
The actions of a group of organised individuals in Paris on November 13 amounted to perhaps the most deadly and significant terrorist incident since 9/11. This is not to suggest. [...]
Wells Fargo & Co said on Wednesday it had agreed to pay $1.2 billion to settle claims that it engaged in mortgage fraud, resolving a. [...]
DEA and European Authorities Uncover Massive Hizballah Drug and Money Laundering Scheme
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European law enforcement authorities have joined forces to create a dedicated new website (Continue Reading
The FBI raided the office of United Development Funding IV, a Texas-based real estate investment trust (REIT), according to people familiar with the mat. [...]
Paris, 19 February 2016 - The Financial Action Task Force (FATF) is the global standard se. [...]
Paris, 19 February 2016 - As part of its on-going review of compliance with the AML/CFT st. [...]
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China’s vast underground banking network processed more than 1 trillion yuan ($152 billion) in transactions last year, according to media reports Saturd. [...] Real estate is an established method of money laundering internationally; the Financial Action Task Force (FATF) has recognized that the real es. [...] Th. [...] Lebanese Central Bank governor Riyad Salameh said Monday that the Financial Action Task Force (FATF) has announced that Le. [...] Western Union Co. is at the center of a preliminary antitrust. [...] SYDNEY, Feb 25 The decision by Australia's major banks to quit the country's $35 billion a year remittance business is driving fund-transfers underground, a. [...] From 22 to 26 February 2016, law enforcement agencies and judicial bodies from Belgium, Denmark, Greece, the Netherlands, the United Kingdom, Romania, Spain a. [...] WHEN Liu Wang, the European head of the Industrial & Commercial Bank of Chin. [...] The United States has released what appears to be a hand-written will of the late al-Qaeda lea. [...] Lawyers for Georgia’s billionaire former prime minister. [...] Fraudsters managed to steal £755m from British consumers and financial institutions during 2015 – a 26% inc. [...] New York’s first billionaires’ building, On. [...] Wafic Saïd, the billionaire philanthropist and arms deal fixer, is considering legal action against
At a function in São Paulo recently a guest asked for an informal introduction to one of the businessmen present, Continue Reading The Panama Papers are 1,500 times larger than the “Continue Reading The recent Panama Papers leak revealed how global elites use offshore companies to avoid paying taxes, but that isn't the only reason they're sheltering. [...] There have been nowhere near the protests expected . [...] This warning came not from a pundit or Silicon Valley lobbyist, but from Jamie Dimon, the Chairman and Chief Executive Officer o. [...] The United States is not opposed to foreign banks doing business with Iran in line with the terms of last year's historic nuclear deal b. [...] Continue Reading Americans may soon be able to bring class action lawsuits against banks and other financial firms thanks to a new rule . [...] Despite strong legislative reforms passed after Sept. 11 requiring banks to track suspicious movements of money, recent news events reveal continue. [...] The Know Your Customer (KY. [...] Continue Reading Whether it's snorted, smoked, or injected, cocaine enters the bloodstream and starts affecting the brain i. [...] A 10GB file has been released online that purports to hold sensitive financial data compromise. [...] REUTERS Continue Reading In The Washington Post article titled “Why haven’t Syrian banks collapsed under sanctions and war?” dated Aug. 3, 2015, an analysis. [...] BY MARY ELLEN KLAS Continue Reading By Continue Reading There are many ways in which a criminal can illegally acquire money e. [...] (The following statement was released by the rating agency) LONDON, May 18 (Fitch) Continue Reading Laura Hymes, CFE In the past decade, public- and private-sector organizations have greatly increase. [...] Continue Reading International financial messaging service SWIFT told clients on Friday to share information on attacks on the system to help prevent ha. [...] Barclays is investigating claims made by its former chief risk officer in France that managers ignored potential anti-money-laundering failures at some . [...] Continue Reading Seven years ago, in 2009, we saw a completely new type of attack on banks. Instead of infecting the comput. [...] By Bachir El Nakib MAS Decision dated Singapore, 24 May 2016… 1. The Monetary Authority of Singapore (MAS) announced today tha. [...] A Manhattan federal judge on Thursday revived a whistleblower claim by a former Agricultural Bank of China Ltd (601288.SS) chie. [...] An insider at a Swiss bank warned Britain’s financial watchdogs that bankers in its UK office were offering services that. [...] Emma Hunter, founder and Supporting Chair of Baker & McKenzie’s Global AML/CTF Group. [...] U.S. Embassy Chargé d’Affaires Richard Jones and Central Bank Governor Riad Salameh delivered on Mo. [...] MENAFATF 23rd Plenary Meeting to Combat Money Laundering and Terrorist Financing was concluded on Thursday, Continue Reading British Virgin Islands - As has been reported in regional media, the British Virgin Islands has published the exchange of notes and technical protocols agreed with the United Kingdom government relating to beneficia. [...] Daniel L. Glaser, the Assistant Secretary for the Department of the Treasury of the US me. [...] UK banks have been told by the City regulator they should not use anti-money laundering rules as an excuse to close acc. [...] HM Treasury's office of financial sanctions implementation (OFSI) will have new enforcement powers from April 2017 under the Policing an. [...] If you need another reason to pay attention to online security, new measures under consi. [...] At first glance of the below video, you may think you are observing some sort of heavily morphed cow that looks more like a mythical . [...] Despite a lot of changes in Qatar in the last few years, the country's sovereign wealth fund, the Qatar . [...] Continue Reading The map also reveals which countries suffer when there is a drop in the price of certain exports. Continue Reading Whatsapp has swiftly grown from a small startup to one of the most popular messaging apps in the world, with over one billion users. The United Kingdom will announce on Thursday whether it is going to remain a member of the European Union or depart, as . [...] Saudi Arabia’s central bank has told banks it is banning the use of options and ot. [...] After the Brexit vote the financial sector will now crave certainty to drive its strategic decision-making. It is unclear how quickly ce. [...] The paths that currency takes throughout its lifecycle are fascinating. A dollar bil. [...] DOHA: Emir H H Sheikh Tamim bin Hamad Al Thani yesterday issued Law No. 6 of 2016 on combating the smuggling of . [...] Continue Reading Continue Reading Online business-to-business marketplace Expert Market has put together a ranking of the global. [...] On October 1 the renminbi begins an exciting new chapter . [...] Most things stated in the article are correct and hundreds have shut shop over the last few years in DIFC, but rents mentioned are not accurate. Three foreign banks are opening up representative offices in Iran as the country see. [...] Continue Reading Continue ReadingContinue Reading
FATF-CIFG Communique On ISIL
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China Underground Banking Transactions Rose To $152B In 2015
MONEY LAUNDERING SCHEMES IN REAL ESTATE
Fakes, forgeries and dirty deals
Singapore banker and PEPs emerge in the 1 Malaysia Development Berhad Scandal
The 1 Malaysia Development Berhad Scandal (1MDB) is a continuing local political scandal which has the attention of int. [...]
Lebanese banks removed from financial watchdog list
FATF issues new guidance for remittance providers, emphasizes risk-based approach
The Financial Action Task Force has issued fresh guidance on Money or Value Transfer Services (MVTS) to replace its old. [...]
Cash-Transfer Market Probed as Western Union Quizzed by EU
Australian bank exit from remittances sends money transfers underground
GCC declares Hezbollah a 'Terrorist Organization': AFP
Europe wide action targets money mule scheme
China nostra
Osama Bin Laden left $29m inheritance for al-Qaeda
Ireland - AML/CFT and Sanction Compliance Report
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USA: U.S State Department Names Major Money Laundering Countries in Annual Report 2016 - Lebanon
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Credit Suisse Accused of Money Laundering by Billionaire
The BCBS expands its guidelines on anti-money laundering and countering terrorist financing with a
The BCBS expands its guidelines on anti-money laundering and countering terrorist financing wit. [...]
Banking scams push up UK financial fraud by more than 25%
ONE57 tower linked to global money-laundering probe
Billionaire arms deal fixer Wafic Saïd weighs up Barclays lawsuit
OFAC penalties and enforcement actions show greater focus on violations linked to weapons of mass destruction
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US Treasury Statement of Licensing Policy for Activities Related to the Export or Re-export to Iran of Commercial Passenger Aircraft and Related Parts and Services,
Publication of Iran-related General License I and related FAQs
3/24/2016
Joseph Safra corruption charges shake up Brazil’s corporate elite
PEPs - SHELL COMPANIES - BENEFICIAL OWNERS - LITTLE SECRETS - Panama Papers
Supervision Regulators raise concerns about Overseas Chinese Banks AML Standards
Regulators worldwide are scrutinising the efficacy of anti-money laundering (AML) compliance at Chinese banks following. [...]
Divorce is a surprisingly common reason why the super-rich hide their money offshore
EU approves new law to track terrorist suspects
Complying with AML Laws: Challenges for the Fintech Industry
Role of SWIFT MT 202 in fuelling financial crime
U.S. not against foreign banks dealing with Iran - Kerry, is this statement makes banks comfortable?
Not Everyone Cares About Information Security
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Dubai announces new law and body to tackle financial crime
The government of Dubai has issued a new law to combat financial crime, trading irregularities and terrorism financing.. [...]
US Freezes Assets of Lebanese Waked Family Money Laundering Organization
Treasury Sanctions the Waked Money Laundering Organization
New rule would allow US consumers to sue banks and credit card companies
Terror Attacks, Panama Papers Show Cracks in Post-9/11 Monitoring
The On-boarding Life Cycle of Anti-Money Laundering Know Your Customer Process under Bank Secrecy Act
In Wake of "Panama Papers" Disclosures, FinCEN Moves to Finalize Anti-Money-Laundering Rules Affecting Shell Companies
This is what cocaine does to your body and brain
InvestBank UAE hack: Database containing credit card details and passport scans leaks online
Nidal Waked, "l'un des blanchisseurs d'argent les plus importants au monde", extradé vers les USA
U.S. Treasury issues CDD Final Rule requiring banks to identify shell company beneficial owners
How did al-Assad use offshore transactions and exploit Islamic banking?
Florida sees growth of 'dark money' political groups
How Israel is turning part of the Negev Desert into a cyber-city
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What makes people susceptible to romance scams?
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Analysis: U.K. has fallen behind with best practice in the fight against money laundering
By Nick Kochan
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Senate passes bill allowing 9/11 victims to sue Saudi Arabia
Preparing For 2018: Is your company's AML/CFT system effective?
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The Most Popular Money Laundering Methods in Cybercrime
Fitch: Money Laundering Risk Challenges Central American Banks
Anti-Money Laundering & Combating Financing of Terrorism: Public-Private Sector Partnership
This article was written after the Continue Reading
CREDIT CARDS: EXPERTS PREDICT FRAUD TRENDS FOR THE NEXT DECADE
Managing Editor, Association of Certified Fraud Examiners &nbs. [...]
Smartphone Security: Tips for protecting your PII on mobile devices
The Art of Illusion: Look for What's Not on the Page
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SWIFT tells banks to share information on hacks
A Barclays whistle-blower wrote this note to his boss about potential money laundering in France
Fraud in $4 Trillion Trade Finance Turns Banks to Digital Ledger
ATM Skimming Malware Is Getting Scarier
De-Risking is not a one-size-fits-all
In discussions at the ACAMS annual conference in London yesterday, officials did not dispute arguments that a bank's ri. [...]
Rise and Fall of a Private Swiss Bank: MAS directs Swiss Merchant Bank
China State-Owned Bank - face U.S. whistleblower claim AML breaches – ruling
Update 1: Rise and Fall of a Private Swiss Bank - Dark money: London's dirty secret
The latest in anti-money laundering and counter-terrorism financing: What you need to know
Lebanon lifted bank secrecy in 28 cases
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U.S. Embassy Sponsors Lebanon-U.S. Terrorist Designations Workshop with the Central Bank
Outcomes of MENAFATF 23rd Plenary meeting To Combat Money Laundering and Terrorist Financing, Doha – State of Qatar
New Taliban Leader: Mullah Mawlawi Haibatullah Akhundzada
Executive Summary
. [...]
BVI publishes beneficial ownership details
Two hours and 1,600 fake credit cards later: $13 million is gone
A South African bank became a victim of a bank heist 10,000 miles away, after a group of criminals s. [...]
Lebanon SIC: Banks need approval before acting on suspicious accounts
FCA warns banks on use of anti-money laundering rules to close accounts
UK sanctions body gains tough new criminal and civil enforcement powers
French prudential regulator ups fight against money laundering and terrorism financing
France's prudential regulator (l'Autorité de Contrôle Prudentiel et de Résolution or ACPR) is stepp. [...]
You could be held liable for cases of bank fraud if your online security isn't up to scratch
Mutant Cows Show The Corruption Of The Meat Industry
Auditing sovereign wealth funds: Qatar Investment Authority at the back of the class
Gulf investors hold back from UK property deals on Brexit fears
The map of the world that shows every country's major export
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Towards capital markets development: issues and challenges
Audi Private Bank receives Euromoney award
National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC are exploring a potential merger
15 secret Whatsapp features that everyone should know about
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Brexit: How Thursday's decision will impact MENA
Saudi central bank bans use of options against riyal
Brexit Boardroom: The process of withdrawing from the European Union
The technical aspects of the withdrawal process from EU were addressed by the Continue Reading
Brexit, certainty and strategy and what does it mean for customers?
Seven Lessons From the United Kingdom Departure
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The City of London fears losing up to 100,000 Jobs
How Money Moves - Infographic
Fine of up to QR1m for smuggling oil products
MENA region forecast to see 'lowest growth in 30 years' in 2016
EXPATS MOST EXPENSIVE CITIES
The 12 hardest-working cities in the world
FCA Thematic Review16/5: UK Equity Market Dark Pools – Role, Promotion and Oversight in Wholesale Markets
Senior managers at users and operators of UK equity market dark pools need to ask themselves and their staff specific q. [...]
The Reserve: The Dollar, The Renminbi, And Status Of Reserve
North Africa Future Banking 2016 - Cairo 24th October - 25th October 2016
North Africa Future Ba. [...]
DIFC Intermediate SPV Regime: a Welcome Business-Friendly Evolution
The introduction of a new regime for the establi. [...]
Why advisers are shutting up shop in Dubai's free zone
Three Foreign Banks to Open in Iran: Central Bank Official Says
What's Next for Chinese Companies After Brexit?
These new plans for bank reforms in Europe could hit Wall Street lenders
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Oman agrees to deepen ties with Iran central bank
