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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EU court of justice enforces cookie policies limits
Both Vueling and Planet49 received fines for forcing user/or predefined consent on their websites. The General Data Protection Regulation included…
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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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EU sanctions to Venezuela will give one more turn to the Sun
Demonstrations keep growing all across South America while Venezuelan crises continues to deepen. EU has prolonged to 14 November 2020…
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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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European Supervisory Authorities (ESAs) report on AML
After several other reports showing substantial weakness within the European anti-money laundering effectiveness, the ESAs have jointly reported a significant…
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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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