Tag: money laundering

UR Islamic Bank will implement Capital Banking Solutions integrated compliance platform to help prevent money laundering and tax evasion in Iraq.

NatWest has pleaded guilty to money laundering failings amounting to £365m from UK-based jeweller Fowler Oldfield.

Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. The leak involved over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?

As the pandemic rages on, crime and money laundering risks continue to evolve at a rapid pace in the commercial lending space. However, firms can mitigate these risks by applying advanced technologies and using a data-driven approach.

The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.

German financial regulator BaFin has told banking giant Deutsche Bank it needs to introduce stronger action on money laundering.

Money laundering, bribery and corruption are still a pressing issue within financial institutions, but the best way to combat this is through solid operational risk management sponsored from the top.

As the number of money laundering and financial crime cases keep growing, Sigma Ratings argues that it is time for financial services firms to rethink risk management.

More than half of the world's cryptocurrency money laundering is made through 270 service deposit addresses, according to new research.

A Hong Kong regulator is about to make the region's money laundering rules even stricter to prevent illicit funds from flowing out of mainland China.