The global system for financial crime is hugely expensive and largely ineffective according to The Economist. The international weekly newspaper and online publisher concludes in an article that the war against money-laundering is being lost. NatWest proceedings The article responds… Read More ›
Stronger laws and institutions are needed to prevent corruption and money laundering while bankers, lawyers and accountants who enable financial crime must face punitive sanctions says a UN panel. The High-Level Panel on International Financial Accountability, Transparency and Integrity for… Read More ›
Trade-based money laundering (TBML) is the third most frequent financial crime seen by financial institutions according to a new report by LexisNexis Risk Solutions. Future Financial Crime Risks, 2020 says 31 per cent of financial institutions saw TBML cases of financial… Read More ›
Leader of the Islamic Republic of Iran, Ayatollah Seyyed Ali Khamenei, has agreed to a request by the head of Iran’s judiciary to set up special courts to swiftly deal with financial crimes in gold coin trades and foreign exchange dealings. In a letter… Read More ›