Hot on the heels of the of the HKMA’s actions against Shanghai’s Commercial Bank in mid-August as well as Hong Kong’s ML/TF Risk Assessment in April The Securities and Futures Commission (“SFC”) issued a robust circular on 31 August 2018 about the adequacy of LICENSED CORPORATIONS’ (“LCS”) Anti-Money Laundering, and Counter Financing of Terrorism (“AML/CFT”) […]

The U.S. Congress began a series of hearings on Tuesday to consider ways to reform money laundering and illicit finance laws applied to casinos, as a president of a payments company argued the current system is broken and driven by perverse incentives. “Our current anti-money laundering (AML) and countering the finance of terrorism (CTF) is […]

The following news article was posted Thu, 2nd Apr 2015 09:56 LONDON (Alliance News) – Financial services company STM Group PLC Thursday said regulators in Jersey are planning to prosecute its STM Fiducaire unit and a former employee over the investigation into compliance procedures at the division in 2012. STM said the Jersey Financial Services […]

The Financial Action Task Force (FATF) has provided two updates relating to its task of identifying jurisdictions that threaten the international financial system due to strategic Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) deficiencies. The FATF published the following documents: A public statement on jurisdictions with strategic AML/CTF deficiencies, which calls on FATF members to […]