Archives for: ‘Europe’

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Bringing it all together: Wolfsberg issues fresh anti-bribery and corruption guidance

We have recently covered corruption and bribery across sport, business and politics. In a timely development, the Wolfsberg Group, an …

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FIFA corruption scandal continues

In April 2015 we considered the FIFA scandal and how the allegations interacted with the obligations on financial institutions in …

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Large financial penalties spread to the Antipodes – global trends in AML/CTF enforcement

Multi-million (and billion) dollar fines for AML/CTF breaches are no longer the preserve of United States and United Kingdom. In …

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FATF embraces technology

It’s great to see that the global standard-setter on anti-money laundering and counter-terrorist financing (FATF) is embracing the galloping trend …

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The rise of anti-RegTech?

In this post, we describe a recent example of technology allegedly being used to evade regulations and frustrate regulators – a …

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10 months on, Panama Papers heat up again with senior lawyers arrested

The founders of Mossack Fonesca, the law firm at the centre of the Panama Papers scandal, have been arrested. The …

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Future-proofing FinTech: last words from the Obama administration, with global reach

Ahead of the changing of the guard, the White House chose financial technology (FinTech) as the subject of one of …

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Is your business ready for the crackdown on transparency?

Last night, the International Consortium of Investigative Journalists (the ICIJ) made public a searchable database containing details of over 200,000 …

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UK Modern Slavery Act – seven things businesses in Asia need to know

The UK Modern Slavery Act (“MSA”) is now in force.  Given its broad territorial reach, the MSA is likely to affect …

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Getting to know your customer: new anti-money laundering know your customer and customer due diligence rules

Amendments to the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (AML Rules) imposing new know your customer …

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