AML challenges amid rise of shell companies
This session discusses the ease of forming a shell company, how to identify money laundering through a shell company, recent trends, and more. Speakers include Ola Tucker of Commonwealth Trust Company and Brian Waterman of Citibank. Moderated by John Walsh.
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News BriefFCA fines Monzo digital bank $28 million for AML, KYC failures
Britain’s Financial Conduct Authority has fined the online bank Monzo the equivalent of more than $28 million for failing to properly collect customer information and protect against financial crimes. The move is the latest in a series of efforts by British authorities to combat chronic money laundering and other crimes ...
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