Tags » AML

Quis custodiet ipsos custodes?

Who will guard the guards, asked the Roman poet Juvenal back in the first century, and it is a question that has troubled us ever since.   443 more words

Money Laundering

Ebola - Perfect ingredients: lack of governance and accountability, and rampant corruption!

(From Foreign Policy) – There was a tragic irony to the discussions in Washington last week between President Obama and African leaders. The meeting took place even as the Ebola virus was brutally exposing the lack of capacity, antiquated health systems, and dearth of governance in one corner of the continent. 863 more words


Day +763: Just Tammy

For the first time in a while, I woke up early, filled with energy, no aches or pains, no depression, fully engaged, my mind sharp, just Tammy. 44 more words


Standard Chartered can't seem to figure out who its customers are

Too little, too late. Earlier this month, Standard Chartered said that it had boosted its legal and compliance headcount by 30%, including a doubling in its financial crime unit. 462 more words

Are the Basel AML index's results a positive outcome for the EU?

On 13th August 2014, the Basel Institute on Governance published the 2014 Basel Anti-Money Laundering Index. This follows the other two previous releases issued since 2012.  391 more words


Brazil: potential money-laundering allegations against major banks

A few days ago, Bloomberg revealed that:

A $4.4 billion money-laundering probe linked to state-run Petroleo Brasileiro SA is spreading to financial institutions as prosecutors investigate whether they met compliance requirements.

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RBI : Know Your Customer (KYC) Norms - Clarification on proof of Address

KnG14081604 Dated 16th August 2014

Reserve Bank of India vide its notification no. RBI/2014-15/120 dated July 10, 2014 issued to All Deposit taking Non Banking Financial Companies clarified the following: 419 more words