ALL NEWS
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Successful third annual review of the US privacy shield
According to the third annual review made by the EU commission, the USA continues to maintain a robust framework for…
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Danske Bank corrupted practises
Investigations following the Russian Laundromat scandal and the participation of Danske Bank on it have shown further corrupted and unethical…
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Stop calling the country Holland and/or Tax haven
The Dutch government has held a very strict line of complaining whenever the Netherlands is called Tax Haven. Nonetheless, it…
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North Korea accused of violating sanction at the UN
A coalition of 26 countries including USA has accused the North Korean regime for violation on the restriction to import…
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GDPR and the EU battle for awareness
As per EU reported information about 73% of Europeans are aware of at least one of the rights as data…
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The real cost of non-compliance
After the massive scandal which prompted EU decision regarding AML Supervision, the Estonian Branch of Danske Bank pays the price…
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FinCEN designates Iran as Primary Money Laundering Concern
The US Department of Treasury published the FinCEN note noting Iran “as a jurisdiction of primary money laundering concern”. This…
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What’s up with WhatsAPP
It has been reported that government officials in multiple jurisdictions were targeted by a cyber criminality campaign of identity theft…
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Deutsche Bank reports its own transaction as suspicious
The German banks keeps adding interesting study cases to the Financial Crime educational community. In this occasion related to the…
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Iceland facing Grey listing
Joining Mongolia, Pakistan and Zimbabwe, Iceland has been included on the Financial Action Task Force Grey List. The country failed…
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A business model or an abuse of the system
A new corruption scandal shades over Venezuelan government as Mr Naman Wakil ( who made furtive by providing meet to…
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Italian judge accepts UBS €10 Million proposal to settle money laundering case
After much discussion an Italian court accepted the proposal for settlement presented by UBS according to which €10 Million will…
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EY, once again a big four failing to be independent
EY has been reportedly linked to a money maundering operation as the firm failed to report operations related to a…
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New registration rules for non financial professionals – Malta
Malta has launch a consultation paper to enhance its non-financial professionals regime. As proposed, this amendment will meet FATF standards…
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FINRA Fined BNP Paribas for shortcomings on AML Program and lack of human capital
FINRA has fined BNP Paribas Securities Corp and BNP Paribas Prime Brokerage, INC with $15 Million for anti-money laundering (AML°…
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Evaluation of GDPR- Member States Comments
19 EU Member States produced comments to the UE Council in regard to the implementation of GDPR and the process…
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EBA plan 2020
The six chapter annual plan of the European Central Bank highlights the commitment of the European body to ensure a…
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