Smith & Williamson fined over FSA-regulated client 11Oct 2012 SMITH & WILLIAMSON has been hit with a £5,000 in a fine and costs over its audit of an FSA-regulated business. The firm agreed to a consent order from the ICAEW’s investigation committee after it was found to have failed to obtain sufficient appropriate evidence that […]

French prosecutors have launched an investigation into possible money laundering by HSBC private banking clients after buying data stolen by a former employee of the bank. Eric de Montgolfier, the prosecutor from Nice in the south of France, revealed yesterday that his team are looking into thousands of accounts for evidence of money laundering, having […]

In October/November 2008, the International Monetary Fund (the “IMF”) visited Jersey to carry out an assessment of Jersey’s regulatory and anti-money laundering regimes as part of the Financial Sector Assessment Programme. In response to this IMF review and their report the Jersey’s authorities have now responded. These responses may be found in 4 seperate reports, […]

In a follow-up to a story dated 26 January 2010, Indian businessman Raj Arjandas Bhojwani has been found guilty of “greed and corruption on a massive scale” in Jersey’s Royal Court. For five weeks, in one of Jersey’s largest ever money laundering cases, the Royal Court heard how Bhojwani laundered US$43.9 million [about £29.1 million] […]

Obviously, the world’s second oldest profession–bribing or extorting for money and power–is deeply entrenched and will require different strategies appropriate to different contexts. But, without a global public leader, the U.S. Secretary of State, or the head of the World Bank, to give the issue dramatic voice and make it a broader movement, the all […]

Financial Sanctions Update 18th January 2010 – F.S.C Sanctions Notices Liberia Update to Financial Sanctions The Commission has been notified that the Isle of Man Treasury has today, 18th January 2010, published new and updated information regarding the above Sanctions regime. A Department of the Treasury News Release advising details of the updated Sanctions can […]

Financial Sanctions Update 18th January 2010 – F.S.C Sanctions Notices Liberia Update to Financial Sanctions The Commission has been notified that the Isle of Man Treasury has today, 18th January 2010, published new and updated information regarding the above Sanctions regime. A Department of the Treasury News Release advising details of the updated Sanctions can […]

The National Counterterrorism Center (NCTC) today announced the release of its 2009 counterterrorism calendar. The calendar, popular with a broad spectrum of federal, state, and local first responders; homeland security professionals; policy makers; and counterterrorism experts, is now available via NCTC’s website at www.nctc.gov as both a downloadable PDF and a multimedia website. NCTC has […]