Both houses of the US Congress have voted through a law compelling US companies and limited liability partnerships (LLPs) to disclose their beneficial owners holding 25 per cent or more of the shares or voting rights, or those who exercise… Read More ›
FinCEN
Global banks engaged in industrial-scale money laundering says ICIJ
Global banks have engaged in industrial-scale money laundering according to secret financial intelligence reports leaked to the BuzzFeed News channel and analysed by the International Consortium of Investigative Journalists (ICIJ). The consortium alleges the leaked reports from the US treasury… Read More ›
FinCEN launches information sharing platform
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has created a platform to facilitate information sharing on financial crime issues including anti-money laundering (AML) efforts. FinCEN Exchange is designed to share information more dynamically and seeks to formalise relations between… Read More ›
Tough start to 2015 by US regulators
January 2015 has seen a flurry of activity in the US in terms of the Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance. The Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC) and the Financial Crimes… Read More ›