Search Results for: Anti-Money Laundering (AML)
ACCA welcomes new rules against money laundering and terrorist finacing
June 20th, 2014
The keywords in fighting money laundering and terrorist financing throughout Europe and worldwide are transparency and consistency between EU rules and the international approach, says global accountancy body In February 2013, the European Commission unveiled a package incorporating new ...
Interactive Brokers LLC to pay more than $12 million for AML and Supervision violations
August 17th, 2020
The Commodity Futures Trading Commission (CFTC) filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant (FCM), for failing to diligently supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and failing ...
From now on crypto firms in Singapore have to be licensed
February 7th, 2020
With the new payments law, all crypto businesses and brokers operating in Singapore should be licensed. The Payment Services Act was passed back in January 2019 and was implemented this Tuesday, according to the Monetary Authority of Singapore (MAS). ...
Standard Chartered Bank fined for poor AML controls
April 25th, 2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed ...
Financial regulators consult on creation of a Global Financial Innovation Network
August 8th, 2018
The Financial Conduct Authority (FCA) has, in collaboration with 11 financial regulators and related organisations, announced the creation of the Global Financial Innovation Network (GFIN), building on the FCA’s proposal earlier this year to create a ‘global sandbox’. The ...
Thomson Reuters Expands CLEAR ID Confirm With Business Data
September 25th, 2017
Thomson Reuters has expanded its identity verification process — CLEAR ID Confirm — to include business and organizational data. As part of the CLEAR online investigations suite, CLEAR ID Confirm leverages comprehensive, up-to-date public and proprietary data to enable ...
Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions
May 30th, 2017
The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas ...
Bitcoin price hits $3,800 in South Korea: Factors of arbitrage & rising demand
May 25th, 2017
Bitcoin is being traded at over $3,800 in South Korea, with a 33.5 percent premium. Currently, global average bitcoin price is $2,514, which is closest to the bitcoin price listed by the US exchange market at $2,533. On May ...
Bitcoin’s price hits new all time high $2,322
May 24th, 2017
Earlier this morning, on May 24, bitcoin’s price established its new all-time high at $2,322 based on global average. Although analysts have attributed the recent bitcoin price surge to the strong performance and momentum of the Japanese bitcoin industry, ...
SWIFT announces a new real-time payment controls service
April 13th, 2017
SWIFT today announces a new real-time payment controls service to complement and strengthen its customers’ existing fraud controls. The new fraud and cyber-crime prevention service will enable SWIFT customers to screen their payment messages according to their own chosen ...
