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 | Compliance, Financial Institutions, Fintech, News
MAS has launched ‘Sandbox Express’ to provide firms with a faster option to market test some innovative financial products and services. Fundamentally, Sandbox Express shortens the approval process for firms to enter the Sandbox by relying on standard disclosures and...
