by Argus | Anti Money Laundering, Financial Institutions, News
The British-registered, Qatari state-controlled bank Al Rayan, that has been acting as a platform for extremists’ interests in Europe, is being investigated over its money laundering controls. The bank has come under scrutiny after it was revealed its client list...
by Argus | Anti Money Laundering, Financial Institutions, News
What was long regarded as a minor issue for Nordic banks, money laundering has become a serious area of concern in the last two years following scandals at competitors Danske Bank and Swedbank. Norway’s Financial Watchdog – FSA (Financial Supervisory Authority) has...
by Argus | Anti Money Laundering, News
Australia’s anti-money laundering regulator has warned that it is likely to take more action against the nation’s top financial institutions after being “flooded” with reports of potential money- laundering breaches. Nicole Rose, Austrac Chief executive, has said that...
by Argus | Anti Money Laundering, Financial Institutions, News
Central Bank of Singapore has raised its watch against money launderers who are increasingly using shell companies to hide their transactions. Over the past year, banks had closed accounts of several onshore shell companies after detecting unlawful transactions....
by Argus | Anti Money Laundering, Compliance, Financial Institutions, News, Regulatory Compliance
Following a series of financial crime scandals, including its alleged role in handling money embezzled from the Malaysia state-owned investment fund 1MDB, Deutsche Bank is back in the news. The bank has launched a Client-Data compliance probe after laying off...
by Argus | Anti Money Laundering, Consultation Paper, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Capital Markets Services License (CMSL) – Dealing in Capital Market Products The article gives a brief introduction about Capital Market Products, specifically the requirements surrounding the criteria for grant of a CMSL and additional...
