International news and developments - October 2017

Written by Jason Morris on Monday November 13, 2017


UK Region

UK National Risk Assessment of money laundering and terrorist financing report 2017

Gatco Bank PLC providing financial services without authorisation

FCA lessons learned in year one of its regulatory sandbox

FCA warns of ‘significant’ Bitcoin risk

UK introduces ‘Sanctions and Anti-Money Laundering Bill’

FCA fines Merrill Lynch £34.5m for reporting failure

FCA complaints data for the first half of 2017

‘Ghanaian King gave me £350,000 and I took it to the bank in taxi,’ sacked bank official claims

UK leads the way on crackdown of illicit financing


EMEA Region

Equatorial Guinea VP Teodorin Obiang sentenced in France

Slovenia Opens Investigation into Iran-related Money Laundering Scandal

Multiple arrests in Saudi Arabia in huge anti-corruption purge


APAC Region

Japan FSA finds smaller banks lag in money laundering fight

Lotte scandal: Prosecutors seek 10-year jail term for chairman of South Korean retail giant

Malaysia says no case to answer for financier linked to 1MDB scandal


US Region

SEC enforcement action against fraudulent ICOs

Compliance Officer stole $9m from charity

Fifa corruption scandal: Costas Takkas is second official sentenced


LATAM Region

Corruption on the rise in Latin America and the Caribbean

Head of Rio Olympics facing corruption charges

For sustained growth Latin America needs to consider corporate governance

Flaws in Mexican attempts to thwart money laundering



St Vincent denounces label as ‘prime money laundering destination’

Turks and Caicos systems for anti-money laundering to be evaluated



Leak of Paradise Papers exposes the extent tax avoidance by world’s richest individuals

Blockchain could provide the answer to the anti-money laundering issues that crypto-currencies face

StanChart said to be under MAS probe over S$1.9b in client transfers

No silver bullet to identify money laundering, says ex-undercover agent


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