Tags » AML

The never-ending money laundering fight

I haven’t managed to get online much over the last month or so, but today an article popped up on my Google Alerts which made me quite excited! 332 more words


Yes, there was once a wee lass who got cancer. Who’s ever seen a bald kid except on those billboards? But there she was, little but fierce, fighting a foe who nearly took her down. 339 more words


FBME Bank Ltd. Named As Primary Money Laundering Concern

The U.S. Treasury Department named FBME Bank Ltd. as a “financial institution of primary money laundering concern,” effectively shutting the bank off from the U.S. financial system. 301 more words


Iraqi banks take aim at money laundering

The Iraqi Private Banks League on Thursday (July 17th) announced new measures to prevent money laundering and terrorist financing attempts.

“The new measures include creating an inter-bank database on suspicious clients, sharing pictures of individuals wanted in connection with financial crimes, and banning dealings with those who do not provide transparent reports on their financial activities and the licenses of their companies approved by security authorities,” said league member Salam al-Khayyat. 41 more words


Cash courriers: mules hide cash in luggage and stomachs

This report on how cash couriers operate in South America make for interesting reading. If this is how they are doing it in Guatemala, it’s probably how they are doing it in… 48 more words


Tipping point for tipping off?

I work regularly in five jurisdictions (Guernsey, Jersey, Isle of Man, Gibraltar and the UK) and occasionally in others (Cayman Islands, Luxembourg, Ireland), and for me an absolute prerequisite is a good understand of the local AML legislation.  454 more words

Money Laundering

RBI : Master Circular – 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards (AML) -'Prevention of Money Laundering Act, 2002 -Obligations of NBFCs in terms of Rules notified thereunder’

KnG14071804 Dated 18th July 2014

Reserve Bank of India vide its notification no. RBI/2014-15/56 dated July 1, 2014 issued to the All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs), and Residuary Non-Banking Companies (RNBCs), notified the following Master Circular. 153 more words

Reserve Bank Of India