Using multiple data sources, this report finds that there is  no data available on the real owners of more than half of the 44,022 land titles owned by overseas companies in London whilst nine out of ten of these properties were bought via secrecy jurisdictions, such as those named in the Panama Papers. This lack […]

Deloitte LLP’s financial advisory unit will pay $10 million and refrain for one year from new business with certain New York banks to settle accusations over its review of money laundering controls at Standard Chartered Bank. Deloitte Financial Advisory Services also agreed to reforms designed to address potential conflicts of interest, the state Department of […]

Following FATF’s issuance of updated public statements of higher risk jurisdictions in February, HM Treasury has published an updated Advisory Notice which can now be found here: https://www.gov.uk/government/publications/money-laundering-and-terrorist-financing-controls-in-overseas-jurisdictions-advisory-notice These publications can all be found on the FATF website at: http://www.fatf-gafi.org/ Further please find attached the link to the current list of designated persons. https://www.gov.uk/government/publications/current-list-of-designated-persons-terrorism-and-terrorist-financing   […]

The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Ltd (GT Bank) £525,000 for failings in its anti-money laundering (AML) controls for high risk customers between May 2008 and June 2010. These failings are particularly serious as they affected customers based in countries associated with a higher risk of money laundering, bribery or […]

Britain’s financial services regulator said on Friday it had fined the UK subsidiary of Nigeria’s Guaranty Trust Bank (GUARANT.LG) (GUARq.L) 525,000 pounds for failing to have adequate controls to prevent money laundering. The Financial Conduct Authority (FCA) said that between May 2008 and July 2010, GT Bank UK had failed to assess potential money-laundering risks, […]