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Transparency International Calls on UK Government

Transparency International Calls on UK Government to Introduce “Failure to Prevent” measures in wake of Money Laundering Failings   Transparency International, the international NGO which was established to prevent criminal activities...

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The Paradise Papers: Another Chink in the Armour for Transparency

The Paradise Papers: Another Chink in the Armour for Transparency By Tom Griffiths, Associate Director, Lysis Financial The so-called Paradise Papers are another huge data leak which reveal and expose the off-shore financial secrets of thousands of...

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Paradise Papers: Tax haven secrets of ultra-rich exposed

Paradise Papers: Tax haven secrets of ultra-rich exposed   A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen’s private estate, secretly invest vast amounts of cash in offshore tax...

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Slovenia Opens Investigation into Iran-related Money Laundering Scandal

Slovenia Opens Investigation into Iran-related Money Laundering Scandal   Slovenia has launched an investigation into allegations that its biggest state-owned bank laundered nearly €1 billion (US$ 1.17 billion) from Iran between 2008 and...

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OCBC Bank, HSBC and MUFG in KYC blockchain breakthrough

OCBC Bank, HSBC and MUFG in KYC blockchain breakthrough OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with the Infocomm Media Development Authority (IMDA), has become the “first consortium” in South East Asia to...

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StanChart is said to be Probed on US$1.4b Client Transfers

StanChart is said to be Probed on US$1.4b Client Transfers   Regulators in Europe and Asia are investigating Standard Chartered Plc over the role staff may have played in transferring US$1.4 billion of private bank client assets from Guernsey to...

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A Brief History of Money Laundering

A Brief History of Money Laundering   With all the talk of anti-money laundering (AML) activities, and given the emerging threat of digital money laundering (a.k.a. transaction laundering) we thought it would be a good time to get a...

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Canada Targets Senior Venezuelan Officials with Sanctions

Canada Targets Senior Venezuelan Officials with Sanctions   Canada will impose sanctions against senior members of the Venezuelan government over their “anti-democratic behaviour”. Venezuelan President Nicolás Maduro is among the 40...

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Dubai to Launch a State Issued Blockchain Based Digital Currency

Dubai to Launch a State Issued Blockchain Based Digital Currency   Dubai’s government is to launch a cryptocurrency following a partnership between Emcredit, a subsidiary of Dubai’s Department for the Economy (also known as Dubai Economy)...

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Putting MLD IV into Practice: a Checklist

Putting MLD IV into Practice: a Checklist   This week MLROs.com, the AML trade body, hosted a conference at the London offices of the law firm of Gordon Dadds. Delegates received a good grounding in the preventive measures required by the...

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