Tags Money laundering

Tag: money laundering

UR Islamic Bank’s new partnership to combat money laundering in Iraq

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

NatWest could face £340m fine following money laundering neglect

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

An anniversary to forget: one year on from the FinCEN files...

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?

How advanced analytics can solve the growing problem of lending fraud

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.

FCA provides warnings to banks over money laundering failings

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

More vigorous action needed on money laundering, BaFin tells Deutsche Bank

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

How can technology be used to reduce AML, anti-bribery and corruption...

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.

It’s time to rethink risk management – Sigma Ratings

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.

270 service deposit addresses drive more than half of cryptocurrency money...

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

Money laundering rules in Hong Kong are about to get stricter

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.

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