Useful Free Resources

International news & developments - May 2017

 

UK Region

Money launderer deprived of £120k after an NCA court claim.

SFO investigates suspected bribery at FTSE250 group.

Banks could move 9,000 jobs from UK due to Brexit.

Investigators ‘identifying patterns’ in global cyber-attack.

Fraudsters ‘use tricks of speech’ in cons.

JMLSG revises Parts II and III of its risk-based Guidance in line with proposed new Regulations.

Plans to fold Serious Fraud Office into National Crime Agency comes under attack.

DOJ To Send Fraud Prosecutor To UK Financial Watchdog.

 

EMEA Region 

Russia will have blockchain regulation in place by 2019.

Czech criminal court terminates proceedings following implementation of a compliance programme.

Hezbollah-linked drug launderer pleads guilty in US court.

Iranian Revolutionary Guard Corps alleged to have adopted drug smuggling to circumvent sanctions.

Bitcoin's Link to Crime Is a Growing Worry, Nordea Bank Warns.

European Parliament Blocks EC Money Laundering Blacklist.

27 arrested in successful hit against ATM black box attacks.

Bank of Ireland fined 3.2 million euros over money laundering controls.

Nigeria’s senate passes bill to combat money laundering.

South African Reserve Bank fines several banks a total of R46.5 million.

 

APAC Region

China’s financial system at risk despite tighter regulations.

WannaCry ransomware has links to North Korea.

China TV soap on corruption attracts a mass following.

Australia unveils taxation rise for the country’s biggest banks.

Hong Kong regulator SFC proposes measures to tighten cyber security.

Hong Kong and Macau regulators reinforce commitment to fight financial crime.

Samsung reshuffle as corruption case continues.

Singapore regulator imposes financial penalties on Credit Suisse and UON for 1-MBD related transactions.

 

US Region

Calls for digital currency to be included in new anti money laundering bill.

US Federal Reserve fines Deutsche Bank $41 million.

Florida passes law making crimes with bitcoin money laundering.

The U.S. Department of Justice and Citigroup Inc settle probe into Banamex USA.

 

LATAM Region

 

Long read: the biggest ever corruption scandal? 

 

Misc.  

 

Banks Turn to Tech for Fraud Fighting Credit Cards.

 

The Wolfsberg Group publishes updated guidance on Politically Exposed Persons. 

 

 

News Archive

News round up

A round-up of international news from May 2017

News round up

A round-up of international news from April 2017

News round up

A round-up of international news from March 2017

News round up

A round-up of international news from February 2017

News round up

A round-up of international news from January 2017

News round up 

A round-up of international news from December 2016

News round up 

A round-up of international news from November 2016

News round up

A round-up of international news from October 2016

News round up

A round-up of international news from September 2016

News round up

A round-up of international news from August 2016

News round up

A round-up of international news from July 2016

News round up

A round-up of international news from June 2016

News round up
A round-up of international news from May 
2016

News round up
A round-up of international news from April 
2016

News round up
A round-up of international news from March 
2016

News round up
A round-up of international news from February 2016

News round up
A round-up of international news from January 2016

News round up
A round-up of international news from December 2015

News round up
A round-up of international news from November 2015

News round up
A round-up of international news from October 2015

News round up
A round-up of international news from September 2015

News round up
A round-up of international news from August 2015

News round up
A round-up of international news from July 2015

inCOMPLIANCE Articles

Looking back, looking forward
Morgan McKinley's specialist compliance team take a look back at the hot areas of compliance recruitment in the UK in 2016, whilst offering their predictions on compliance hiring in 2017

Earning your wings
One should be diligent before agreeing to be guardian angel for a company that one doesn't know well; particularly as the sins of that company can be revisited on the CF10


Latest ICA Insight posts

Vulnerable Customers and Conduct Risk
The Telegraph wrote an article this week entitled “Banks ordered to treat vulnerable customers with empathy, which looked at a problem that exists in banking where vulnerable customers are still being treated poorly...

The Senior Managers and Certification Regime - what are your priorities?
Several months ago we carried an article in our magazine inCOMPLIANCE about the new Senior Manager and Certification Regime...

EBA proposed guidelines on the risk based approach and CDD risk factors
New EU Guidelines on Risk Factors and Simplified and Enhanced CDD: It’s all about the risk-based approach so get ahead with the ICA...

View more blog posts here

 


Videos

What is a career in compliance like?

What is a career in AML like?

What is a career in financial crime prevention like?

Check out the latest on 4MLD, sanctions, PEPs, pensions.

© International Compliance Association I Company registration 4429302 I Registered office 6-14 Underwood St, London N1 7JQ, United Kingdom