The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.
March 21, 2023New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.
January 30, 2023The FCA said Santander did not manage business banking accounts correctly and did not promptly deal with automated monitoring alerts.
December 14, 2022New report offers recommendations to target bankers, lawyers, and accountants who provide advice and support to violent kleptocracies and corrupt networks.
October 4, 2022The price cap on Russian crude starts in December. India and China import over half of Russia's seaborne oil. Nord Stream 1 is closed.
September 13, 2022JP Morgan Securities will pay a $1.2mn penalty, UBS Financial Services will pay $925,000, and TradeStation Securities will pay $425,000.
July 28, 2022London-based enablers are "almost certain" to be in senior positions within their company or business, says a red alert from the NCA and OFSI.
July 14, 2022The court said Credit Suisse ignored obvious red flags and did not do enough to prevent a crime syndicate from profiting from cocaine trafficking.
June 29, 2022North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
May 20, 2022Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.
April 19, 2022