by Argus | Anti Money Laundering, News, Regulatory Compliance
UBS Financial Services to pay $14.5 million for Anti-Money Laundering failures UBS Financial Services has been ordered to pay a fine of $14.5 million as a civil penalty with regards to the willful violations for the Anti-Money laundering failures with regards to the...
by Argus | Anti Money Laundering, Compliance, News
US encourages Banks to innovate in Anti-Money laundering Monitoring The US regulators, have encouraged banks to try out new technologies to innovate in Anti-Money Laundering and other financial crimes. Agencies such as The Federal Reserve, The Federal Deposit...
by Argus | Anti Money Laundering, News, Regulatory Compliance
Money laundering: Dutch police find cash in a washing machine AMSTERDAM — Dutch police who found 350,000 euros ($400,000) hidden inside a washing machine have detained a man on suspicion of Money Laundering. This was uncovered during checking of a house in...
by Argus | Anti Money Laundering, Fund Management Company, Regulatory Compliance, Venture Capital Singapore
Recommended for you -Fund Management Licensing In Singapore – Updates & Quick Reminders → How to Set Up a Singapore Fund Management Company Singapore – Gateway to Asia Global Investors are now headed towards Asia-pacific region since it is outperforming the rest of...
by Argus | Anti Money Laundering, Compliance, Regulatory Compliance
AML Regulations Update- Cayman Islands: Designation of Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy Money Laundering Reporting Officer (“DMLRO”) Introduction: The Cayman...
by Argus | Anti Money Laundering, Regulatory Compliance
What is KYC? KYC, Know Your Customer, has evolved in its importance to become an integral part of any business providing corporate services to their customers. As it suggests, KYC, in simple terms, is to know your customer well enough to ensure that they are clean and...
