The Global Laundromat

Transparency campaigners dismayed at clean bill of health for UK government On Friday, 7 December the Financial Action Task Force (FATF), a G7 initiative to combat money laundering and terrorist financing awarded the UK the highest rating it has ever given. The move...

How an Asian PEP launders money

"Great article, worth a read just to realise the methods used by these PEP to launder money. "it is almost futile to look at PEP transactions and banking as isolated events without specialist knowledge of the Indian politico-business and family alliances landscape...

Combating Money Laundering with Artificial Intelligence: Game changer or Hype

The cost of money laundering and other forms of financial crime are critical to a bank’s future. Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of senior management because of its alleged role in a $20bn Russian...

Money Laundering in a Digital Age – The Perfect Storm

The new Black With the rapid advancement of mobile technologies, the internet is now accessible from any- and everywhere. Open banking (PSD2) in the European Union, together with mobile wallets, instance payment initiatives and cryptocurrencies offer...

As the Deadline Nears…Seven things to watch out for in 5 AMLD

The European Union’s Fifth Anti Money Laundering Directive (5 AMLD) must be implemented in national law by 10 January 2020. The Anti Money Laundering Directive has been continually updated and tightened ever since its introduction in 1990 with a view to making it...
The Global Laundromat

The Global Laundromat

Transparency campaigners dismayed at clean bill of health for UK government On Friday, 7 December the Financial Action Task Force (FATF), a G7...

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