Collaboration alongside the use of data analytics and digital processes have led to key successes in Singapore’s anti-money laundering and counter financing of terrorism (AML/CFT) effectiveness according to assistant managing director of the Monetary Authority of Singapore (MAS). Loo Siew… Read More ›
Two of the UK’s Financial Conduct Authority’s (FCA’s) biggest sanctions in the last 12 months related to failures to address financial crime and anti-money laundering (AML) risks according to the authority’s executive director of enforcement and market oversight, Mark Steward…. Read More ›
The UK has named 21 high-risk countries in the first anti-money laundering and combatting the financing of terrorism (AML/CFT) regulations framed by the country since Brexit when it withdrew from the EU. The new regulations naming the high-risk countries, which… Read More ›
Nigerian NGO Human and Environmental Development Agenda (HEDA) has published a three part report on policies, laws and practices in the UK and the UAE as well as domestically in relation to the roles of financial and non-financial institutions in… Read More ›
The UK’s Financial Conduct Authority (FCA) has announced that it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) in respect of offences under money laundering regulations enacted in 2007. This is the first criminal prosecution under the act… Read More ›
SmartSearch, a UK online provider of Anti Money Laundering (AML) services, has launched a new service to help businesses identify the ultimate beneficial owner (UBO) of large corporates. According to the Finextra news channel the increased capability is a result… Read More ›
All of the inhabited UK Overseas Territories have committed to adopt publicly accessible registers of company beneficial ownership. Just a few months ago only eight of the country’s fourteen overseas territories had agreed to UK government requests to establish publicly… Read More ›
The UK’s treasury committee has launched a new inquiry into the country’s anti-money laundering (AML) system, its efforts to combat economic crime and its sanctions regime. In its last AML report published nearly two years ago, the committee highlighted an… Read More ›