Search Results for: US authorities
IFRS improves cross-border financial communication – consistency is key
February 2nd, 2015
With debate around the rationale for global accounting standards continuing throughout 2014, there is still concern expressed about the use of International Financial Reporting Standards (IFRS), with some policymakers around the world preferring a less committal form of global ...
The third stage in the washing cycle – Integration
February 2nd, 2015
Integration It is the stage at which laundered funds are reintroduced into the legitimate economy, appearing to have originated from a legitimate source. Integration is the final stage of the process, whereby criminally derived property that has been placed ...
Standard Chartered CEO Is Under Pressure From Shareholders, Regulators, Staff
January 29th, 2015
Bank’s Top Shareholders Privately Push for New Leadership Amid Investor, Regulatory Anxiety Hundreds of Standard Chartered PLC’s most senior executives gathered earlier this month on Singapore’s Sentosa island to address the global bank’s dimming fortunes. From a lectern at ...
Dion’s FATCA TRAC goes global
January 27th, 2015
After signing its 13th FATCA deal, Dion Global Solutions (Dion), can now boast total global coverage, with sales to international banks across 4 continents and supporting FATCA compliance in 80 jurisdictions. FATCA TRAC now serves clients across all the ...
The second stage in the washing cycle – Layering (Video)
January 26th, 2015
Layering Layering is the process of separating the proceeds of criminal activity from their origin through the use of many different techniques to layer the funds. These include using multiple banks and accounts, having professionals act as intermediaries and ...
Canadian Securities Regulators propose derivatives reporting rules
January 22nd, 2015
The securities regulatory authorities in Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan (participating jurisdictions) today published for comment Proposed Multilateral Instruments 91-101 Derivatives: Product Determination and 96-101 Trade Repositories and Derivatives Data Reporting. Together, these proposed instruments would form ...
CFTC Issues Order of Registration for the Tokyo Commodity Exchange, Inc.
January 21st, 2015
The U.S. Commodity Futures Trading Commission (Commission) announced today that it has issued an Order of Registration to the Tokyo Commodity Exchange, Inc. (TOCOM), a Foreign Board of Trade located in Tokyo, Japan. Under the Order, TOCOM is permitted ...
City hedge fund manager convicted of multi-million pound fraud
January 20th, 2015
Serious Fraud Office, an independent government department in UK that investigates and prosecutes serious or complex fraud and corruption, released on a press statement that: A former city hedge fund manager was convicted following the Serious Fraud Office’s investigation ...
World Economic Outlook (WEO) UPDATE
January 20th, 2015
Cross Currents Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...
The first stage in the washing cycle – Placement (video)
January 19th, 2015
Placement Placement is the first stage of the money laundering process. It is the process of placing, through deposits or other means, unlawful cash proceeds into traditional financial institutions. At this stage cash derived from criminal activity is infused ...
