FinCEN announced the launch of its newly created Global Investigations Division, with responsibility for targeting terrorist financing and money laundering threats, both domestically and internationally.
AML
Posted inAML
Embattled Danske hires HSBC compliance head
Danske Bank, embroiled in a substantial money laundering scandal, has added to its compliance team with the appointment of Simon Kingsbury as head of surveillance & investigation.
Posted inEurope
Yet another misstep by Danske results in firing of interim Danish CEO
Danske Bank has been forced to fire yet another board member—this time for mis-selling thousands of customers a wealth management product that charged excessive fees.
Posted inEurope
Point: Public register pros trump cons
Harvard Law School’s Eli Goldston Professor of Law Matthew Stephenson discusses the benefits of public registers.
Posted inEurope
Counterpoint: No proof in public register value
Consultant and independent director Geoff Cook offers evidence on why public registers are still lacking.
Posted inEurope
U.K. tax havens promise greater transparency on company ownership
Starting in 2021, Guernsey, Jersey, and the Isle of Man will make records of company ownership public, which should please members of parliament who have argued that not doing so has made them vulnerable to financial crime.
Posted inEurope
Nordea raided over ML probe in Denmark
Scandinavian banking giant Nordea revealed its Copenhagen office was raided by Danish police as part of an ongoing investigation into alleged money laundering.
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Global AML Screening: Leveraging Technology to Combat False Positives
Organizations across regulated industries are obligated to screen transactions and customers against sanctions lists in order to avoid transacting with sanctioned countries, individuals and entities.
Posted inAML
Refinitiv, Napier partner to combat AML
Refinitiv has partnered with AML software provider Napier to offer a transaction monitoring solution designed to tackle emerging threats in financial crime.
Posted inAML
Bill demands ownership reveals for shell companies
The newly proposed ILLICIT CASH Act would, for the first time, require shell companies to disclose their true owners to the U.S. Department of Treasury.
