Manafort and money laundering – what should we learn? Yesterday, Paul Manafort’s journey from Presidential campaign chairman to convicted criminal finally came to a close. He was found guilty on eight charges including tax fraud and failing to disclose foreign…
Senate hearings & Unexplained Wealth Orders
What you need to know about yesterday’s Senate hearings Two hearings were held yesterday in the Senate which aimed to progress the most pressing financial regulatory issues in the US right now. Here’s what you need to know: The first…
PEP Screening & Monitoring in Canada
New screening and monitoring requirements for Politically Exposed Persons (PEPs) in Canada have recently been implemented. To remain compliant banks and payment processors will have to implement a much more wide-reaching AML regime than ever before. Financial institutions will have…
ComplyAdvantage Partners with Form3
ComplyAdvantage is proud to announce a partnership with Form3, the leading Payments-as-a-Service platform, to enhance their sanctions screening and security for cross border payments. Form3 brings a fresh approach to payments technology, streamlining processing and customer experience and needed a trusted AML data…
4MLD – Changes to the Status of PEPs
Is your business ready for the changes coming with 4MLD? The UK government is in the process of transposing 4MLD into UK legislation via the Money Laundering and Transfer of Funds (Information on the Payee) Regulation 2017, which will come…
ComplyAdvantage Partners with Global Gaming
ComplyAdvantage is proud to announce that it has partnered with Global Gaming to help fight financial crime in online gaming. Global Gaming offers B2C and B2B gaming products and services in regulated and emerging markets around the world and has…
WORKING IN PAYMENTS? Here’s what you need to know to stay compliant with MLD4 (Part 2)
(Part 2 of 2) The EU’s Fourth Money Laundering Directive (MLD4) will be implemented in the UK by the end of this month and in the rest of the EU by the end of the year. On Monday we started…
Is HSBC Stopping Terrorist Money Laundering? Whistleblower Urges Federal Reserve to Reopen $1.9 billion Settlement
In 2012, HSBC paid a record $1.9 billion fine to settle money-laundering accusations. Yet in a letter to the Federal Reserve, which he publicised this September, ex-employee Everett Stern (among a number of other weighty allegations) accused HSBC of ongoing…
Barclays Hit by £72 Million Fine For Slack Checks on Rich Clients
Barclays was dealt the largest disgorgement penalty ever imposed by the FCA, after a damning report found that it was lax in checking rich politically exposed clients, who were part of an “elephant” £1.9 billion “deal of the century”, because…
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