— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The Financial Action Task Force (FATF) is also due to inspect Japan’s anti-money laundering regime in the Autumn. According to media outlet Nikkei, the Japanese Financial Services Agency (FSA) is desperate for a good review from the FATF. Japan received the lowest possible rating…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News MANILA – State prosecutors have charged 5 former and current Rizal Commercial Banking Corporation (RCBC) officials of facilitating money laundering in connection with the February 2016 $81-million Bangladesh Bank heist. Charged before the Makati City Regional Trial Court (RTC) Branch 141 were…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News FRANKFURT — Deutsche Bank shareholders had plenty of reasons to be unhappy as they converged in a Frankfurt concert hall Thursday for the troubled lender’s annual meeting. A record low share price. An aborted megamerger with crosstown rival Commerzbank. Money-laundering scandals. New revelations about the…
Even as the B.C. government reviews a pair of reports on money laundering, court documents obtained by CBC reveal an investigation into a Richmond man allegedly linked to thousands of dollars worth of suspicious casino transactions. According to information sworn to obtain a search warrant, the Richmond RCMP’s organized crime unit arrested the man for…
STOCKHOLM/FRANKFURT – Money laundering allegations involving Sweden and Denmark have shattered faith in the open Nordic business culture, prompting demands for tighter controls on the banks held responsible. Ranked among the least corrupt countries by anti-graft campaign group Transparency International, Sweden and Denmark have been rocked by investigations into Danske Bank and Swedbank, knocking billions…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Money laundering accounts for up to 5% of global GDP – or $2tn (£1.5tn) – every year, says the United Nations Office on Drugs and Crime. So banks and law enforcement agencies are turning to artificial intelligence (AI) to help combat the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News THE Bahamas was listed among major international money laundering jurisdictions in 2018, a newly released United States Department of State report said, highlighting sources of laundered proceeds included firearms trafficking, human smuggling and tax fraud. #At the time the report was…
