03/07/2019
EU nations reject Commission money laundering blacklist
The list is used to increase checks and investigations on financial transactions from those countries and territories to find suspicious money flows.
Legal, Regulation & Compliance
03/06/2019
Russian money laundering machine shifted millions through the Netherlands
The scheme was discovered in a collection of 1.3 million banking transactions and other documents obtained by OCCRP and the Lithuanian news site 15min.lt, which stem from the two Lithuanian banks.
03/06/2019
Schroders and Hermes press HSBC to drop coal completely
They argue the bank should fall into line with peers such as Barclays and Standard Chartered
03/06/2019
Brexit might be frustrating, just not for leases
Permission to appeal has been granted, so it remains to be seen whether the Court of Appeal will agree.
03/06/2019
Anti-money Laundering & Fraud in France
The Financial Action Task Force also highlighted a significant lack of regulation and supervision of non-financial institutions and professionals.
03/06/2019
UK partnerships moved billions through Baltic to Europe, data shows
Banking leak reveals how LLPs allowed people to move money under the radar
03/06/2019
Expansive law firm lays ground to hit £20m turnover target
The effect of battening down those hatches is that now, from the comfort of 2019, the firm looks to be in a good place.
03/06/2019
Nordea Bank engaged in money laundering
Scandinavian banks are more likely to be in the news recently in connection with money laundering.
03/06/2019
ABN Amro says money laundering report unrelated to current operations
The subsidiary that came up in the investigation is no longer part of ABN Amro
03/06/2019
Go After Suspicious Transactions, Not Just Banks
An investigation alleges that financial institutions in the Nordic countries and the Baltics were used for a hard-to-detect form of money laundering.
03/06/2019
Romania's Govt. ready to negotiate capital requirements with pension fund managers
Government seems to suggest social investments with limited profitability
03/06/2019
Bank of America, RBS sued in U.S. over euro bond cartel
While the commission did not identify the eight banks, media reports said Bank of America and RBS are among them.
03/06/2019
BOE and FCA agree MoUs with EIOPA and EU insurance supervisors
The Prudential Regulation Authority Financial Conduct Authority and European Insurance and Occupational Pensions Authority are announcing today that they have agreed Memoranda of Understanding regarding supervisory cooperation and information-sharing ar
03/06/2019
EU Exit: PSR adopts IFR RTS Regulation onshoring instrument
The EU Exit instrument onshoring the RTS Regulation will also take effect.
03/06/2019
Credit Agricole shares drop on money laundering allegations report
The OCCPR said its report was based on leaked documents detailing transactions worth more than $470 billion (357.5 billion pounds) sent in 1.3 million transfers from 233,000 firms.
03/05/2019
Bahrain Economic Development Board announces the launch of Beehive Bahrain
Launch will unlock new opportunities for start-up's and investors in Bahrain and across the region
03/05/2019
Banking leak exposes Russian network with link to Prince Charles
Exclusive: investigation reveals how Troika Dialog channelled $4.6bn to Europe and US
03/05/2019
Lithuanian bank named in new EU 'laundromat' leak
The money was broken up and transferred among the Laundromat companies before being sent onward to various recipients, known and unknown.
03/05/2019
Countrywide fined £215K
In a trading update for 2018, the estate agent posted earnings before interest, tax, depreciation, amortisation, exceptional items of £33m against last year's £65m.
03/05/2019
GDPR: Asian banks streamline operations to ease compliance
By some estimates, under 12% of Asia Pacific-based firms were fully ready for GDPR last May.