Money Laundering

U.S. Senate panel members urge changes to 'out of date' anti-laundering regime

NEW YORK (Thomson Reuters Regulatory Intelligence) - The U.S. Congress should mandate the collection of information about the true owners of corporations, law enforcement should share more information with banks to help spot criminals and artificial intelligence should be considered as a means to …

Thom Tillis

Russia dossier testimony details possible money laundering

In testimony just released by the House Intelligence Committee, Glenn Simpson, co-founder of the research firm behind the Trump-Russia dossier, …

Politics

Treasury Eyes Cryptocurrencies For Money Laundering

The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to …

Cryptocurrency

“Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

“It is likely that illicit bitcoins fell as a percentage of total volume entering conversion services due to the cryptocurrency’s increasing …

Bitcoin

Portfolio Manager: Job Description & Average Salary | Investopedia

A portfolio manager is an individual who develops and implements investment strategies for individuals or institutional investors. Under the purview …

Finance

Gabriel Partners' transaction practice group leaders join Akron's Bober Markey Fedorovich

Akron-based accounting firm Bober Markey Fedorovich (BMF) has announced the additions of Zachary Schweda and Michael Bigrigg, who led Cleveland's …

Cleveland

ED grills Karti Chidambaram for 11 hours in INX Media money laundering case - Firstpost

<b>New Delhi:</b> Karti Chidambaram, the son of senior Congress leader P Chidambaram, was questioned for about 11 hours on Thursday by officials of the …

Corruption

Fusion GPS Founder Drops Bomb: Trump Had ‘Pattern’ Of Russia-Linked Money Laundering

The release of today's testimony – and the damning allegations brought forward by Glenn Simpson – brings the president and the entire GOP that much …

Liberal View

Treasury Official: Department Working With IRS to Police Crypto Exchanges

The U.S. Department of Treasury is ramping up its enforcement against the potential for money laundering and criminal financing through …

Bitcoin

HSBC to pay $100m in currency rigging settlement

HSBC has agreed to pay just over $100m (£72m) in penalties to settle a US Department of Justice probe into currency rigging.<p>The payment comprises of $38.4m in restitution and a $63.1m fine, with the latter reflecting a 15pc reduction "in recognition of HSBC's cooperation during the investigation …

Corruption

What the banking royal commission covers

THE BANKING ROYAL COMMISSION

Australian Prudential Regulation Authority

Lalu Prasad's son-in-law Rahul Yadav evades Enforcement Directorate summons in IRCTC hotel graft case - Firstpost

<b>New Delhi:</b> Rahul Yadav, son-in-law of RJD chief Lalu Prasad, on Wednesday evaded the Enforcement Directorate summons for questioning over a Rs 1 …

India

As Trump Enters Year Two In Office, Mueller Looking At Money Laundering

As the investigation into Russian influence in the 2016 election now carries on into 2018, special counsel Robert Mueller is keeping quiet on details.<p>But one thing does seem clear: A year after President Trump took office, the crime of foreign money laundering has become an important focus of the …

Politics

Fed fines Taiwan's Mega Bank $29 million for anti-money laundering failures

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Stock Markets

State attorneys general want Congress to give banks the go-ahead to work with marijuana companies

California’s top law enforcement official and his counterparts in 18 states and territories say Congress must act to end the banking industry’s prohibition on serving the marijuana industry, calling the current state of affairs a public safety threat and a hindrance for law enforcement.<p>In a letter …

Cannabis

Are Artificial Intelligence And Machine Learning The Next Frontiers For Fighting Money Laundering?

Within the financial services sector, Anti-Money Laundering (AML) is a significant challenge for many institutions, often consuming large numbers of people and effort to manage the process and comply with the regulations. As a result, these same institutions are looking for new solutions to help …

Machine Learning

Central Bank appoints three new directors

News (Ireland)

Two due in courts in different counties in connection with money laundering probe

Two men are due in court in connection with a money laundering investigation involving funds from a life assurance company.<p>The two suspects in their …

News (Ireland)

MP return to their arguments on the EU Withdrawal Bill - BBC News

Live Reporting<p>Plaid Cymru's Hywel Williams presents an amendment that would mean consent has to be obtained from the devolved administrations before the EU Withdrawal Bill is enacted.<p>He characterises the government's position as "happy to seek consent as long as there is no risk it will be refused".<p>…

Brexit

Justice Department: Federal cannabis prohibition is back

The White House said President Donald Trump's top priority was enforcing federal law "whether it's marijuana or immigration."<p>Attorney General Jeff …

Cannabis

6 Cryptocurrency Problems and Fixes

If you have ever bought or sold cryptocurrencies through a mobile wallet app or an cryptocurrency exchange website, you can consider yourself a part …

Trading

The Most Undervalued Project in the Crypto World (Not for Long)

Who Is this Article For?<p>This article intends to give crypto skeptics, new crypto investors, as well as crypto veterans a lightweight introduction to …

Bitcoin

Tax departments can fight terrorists and traffickers

The tax departments of multinational corporations have the skills to effect money launderers, terrorist finance organizations and human traffickers …

Liam Neeson

Wells Fargo to close 900 branches despite $3.4bn tax boost

Wells Fargo plans to close about 900 branches as part of efforts to cut costs in the wake of its mis-selling scandal even though the bank’s profits …

Wells Fargo

FINRA Releases 2018 Regulatory and Examination Priority Letter

On January 8, the Financial Industry Regulatory Authority (FINRA) released its annual Regulatory and Examination Priority Letter detailing various …

Law

Senate Banking Committee Holds Hearing on Reform of Regulations Related to Money Laundering and Other Illicit Financing Activities

The Senate Banking Committee held its first hearing of 2018 earlier this week to discuss potential reform of the current U.S. regulatory framework …

Law

Secret Money: How Trump Made Millions Selling Condos To Unknown Buyers

A BuzzFeed News review of every sale of a Trump-branded condominium in the United States provides the first comprehensive look at how many went to unidentified buyers who paid cash, an indication of possible money laundering.<p><b>More than one-fifth</b> of Donald Trump’s US condominiums have been purchased …

Real Estate

Trump sold $1.5 billion of condos to potential money launderers thanks to this gaping loophole

Donald Trump’s love of secretive shell companies has been well documented. He makes extensive use of them for his own businesses and since his election 70% of his company’s property sales have been made to limited-liability corporations (LLCs), according to USA Today.<p>In an extensive roundup of all …

Business

Following Trump's Money Trail: Why Collusion Is Just An Illusion

The focus of Special Counsel Robert Mueller’s investigation is – and should be – following the money and determining whether Russia holds and controls the President’s debt. Despite the media’s feverish posturing, surprisingly little coverage has focused on this possibility. Pundits who breathlessly …

Lin-Manuel Miranda

Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies

Regulation<p><b>The Deputy Prime Minister of Singapore has sought to clarify the nation’s stance on cryptocurrencies with regards to its money laundering</b> …

Bitcoin