Tags » AML

Suspiciously Not Reporting

Big news this week is the publication of the United States International Narcotics Control Strategy Report, Volume II, Money Laundering and Financial Crimes report. Otherwise known as, in more simple terms, the Major Money Laundering Centres Report. 752 more words


Treatment Update: Rest, Recover, Repeat

I was discharged from the hospital late Saturday afternoon and proceeded to melt directly into my couch. As amazing as it is to be home, your sleep schedule gets so disrupted at the hospital that you need a few days to recoup and be able to sleep a full night. 1,101 more words


Trump Taj Mahal to pay $10 Million fine for AML violations

FPCA Blog reported that the Financial Crimes Enforcement Network (FinCEN) fined the Trump Taj Mahal Casino Resort $10 million Friday for willful and repeated violations of the… 158 more words


A common language - and a common crime

One of my top reads of the year is, no, not the “Robin Ellis as The One True Poldark Bumper Christmas Annual (with free stick-on dashing facial scar)”, but the “ 421 more words

Money Laundering

The FCA's to do list for this year

This week the UK’s Financial Conduct Authority has looked into its crystal ball and published its “Business Plan 2015/16”.  Whereas previous editions of this document were accompanied by a Risk Outlook, this time the two have been united into one plan which, according to the FCA, “will more clearly show how our analysis of risk is connected to our regulatory actions and how we seek to advance our objectives”.  368 more words

Money Laundering

Wham, bam, no AML, ma'am

Some while ago I wrote about a draft of the Fourth Money Laundering Directive that had sneaked in a much-extended definition of “high value dealers”.  What this earlier draft said was that HVDs would be “other natural or legal persons trading in goods or services, only to the extent that payments are made or received in cash in an amount of €7,500 or more”, and the point I made was that although we were all familiar with art auction houses and fancy car showrooms, no-one had said much about those who trade in… 243 more words

Money Laundering

If it is not Bitcoin, then it will be another digital currency

The majority doesn’t understand Bitcoin and many of those who do are concerned.  Hence, the future of Bitcoin depends heavily on respective regulation, which might include for instance anti-money laundering (AML) rules for Bitcoin, a regulation recently proposed by  156 more words