Anti-Money Laundering

Type: Keyphrase
Name: Anti-Money Laundering
First reported 16 hours ago - Updated 1 hour ago - 5 reports

STANDARD CHARTERED : to close bank accounts of thousands of UAE small businesses

The British multinational banking and financial services company, Standard Chartered PLC , readies to close bank accounts of thousands of UAE small businesses as it responds to ongoing pressure from US regulators.The financial institution already notified ... [Published 4 Traders - 1 hour ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

Attorney-General… Many clauses in AML/CFT Bill address problems cited in US report

, the United States Department of State released its 2014 International Narcotics Control Strategy Report.And it made clear that Guyana has failed to criminalize ‘tipping off’ or putting in place arrangements for asset sharing – a description that has ... [Published Guyana Chronicle Online - 7 hours ago]
First reported 9 hours ago - Updated 9 hours ago - 1 reports

Terrorist funds a concern: ABA

The four main banks as well as regional players such as Bank of Queensland are increasingly withdrawing from the remittances business or scaling back the number of such customers. The Australian Bankers Association notes that the segment has become burdensome ... [Published Individual.com - 9 hours ago]
First reported 18 hours ago - Updated 18 hours ago - 1 reports

Call for AML public awareness campaign

By Gareth VaughanThe New Zealand Bankers' Association says it'd like to see the Ministry of Justice, alongside the three anti-money laundering law enforcers, run a public awareness campaign to boost understanding of how anti-money laundering laws affect ... [Published Interest.co.nz - 18 hours ago]
First reported Oct 19 2014 - Updated Oct 19 2014 - 1 reports

Sliding further downhill

The majority of our skilled people is migrating, and not only does this not augur well for the future, it means that the country is getting less for its investment in human development; training people is a very costly exercise. The country is gradually ... [Published Kaieteur News - Oct 19 2014]
First reported Oct 19 2014 - Updated Oct 19 2014 - 1 reports

TIME TO CELEBRATE

FOR all the separate and joint acts by the parliamentary Opposition to undermine Guyana’s continuing strides for further social and economic progress, it is heartening to know that investors’ confidence—local and foreign—remain strong. Simultaneously, ... [Published Guyana Chronicle Online - Oct 19 2014]
First reported Oct 18 2014 - Updated Oct 18 2014 - 1 reports

MCLE program seminar to be held in Cebu

MANILA, Philippines - To help lawyers complete their 36-unit requirement for the 5th MCLE compliance period, the Center for Global Best Practices, in partnership with the largest law school in Cebu – the University of San Carlos School of Law and Governance ... [Published Philippine Star - Oct 18 2014]
First reported Oct 17 2014 - Updated Oct 18 2014 - 2 reports

Party-list Rep indicted with plunder for PDAF scam

Press Release 17 October 2014Ombudsman Conchita Carpio Morales ordered the filing of plunder charges against Representative Edgar Valdez of the Association of Philippine Electric Cooperatives (APEC), Janet Lim Napoles and John Raymund De Asis in relation ... [Published Office of the Ombudsman Philippines - Oct 17 2014]
First reported Oct 17 2014 - Updated Oct 17 2014 - 3 reports

M&T has work to do on compliance issues

Officials at M&T Bank are under no illusions that the massive amount of work done to improve the bank's risk management systems will give leverage on future acquisitions.Rene Jones, vice chairman and chief financial officer, offered a quick "no" on Friday ... [Published Business First of Buffalo - Oct 17 2014]
First reported Oct 16 2014 - Updated Oct 16 2014 - 2 reports

Commerzbank settlement with US officials postponed

German bank Commerzbank's settlement with US authorities over alleged sanctions violations has been postponed, as prosecutors aim to end a separate probe.The inquiry US authorities are focused on relates to transaction at the German bank connected to ... [Published London South East - Oct 16 2014]
First reported Oct 15 2014 - Updated Oct 16 2014 - 5 reports

Malaysian comfort women in Isis a rumour

No Malaysian women were found to have joined the Islamic State of Iraq and Syria (Isis) as comfort women, said Home Minister Datuk Seri Dr Ahmad Zahid Hamidi. In a written reply to Lim Lip Eng (DAP-Segambut), Dr Ahmad Zahid said allegations that Malaysian ... [Published Asiaone - Oct 16 2014]
First reported Oct 13 2014 - Updated Oct 13 2014 - 2 reports

Stock market regulator to form anti-money laundering cell

A file photo shows the Bangladesh Securities and Exchange Commission office in Dhaka. The BSEC has decided to form an anti-money laundering and combating the financing of terrorism cell as per the requirement of the Money Laundering Prevention Act 2012. ... [Published New Age Bangladesh - Oct 13 2014]

Quotes

"In an ideal world you would sell it and get some value but in the overall scheme of things it's not that large an asset. The key driver is to keep the regulator happy" one of the sources with knowledge of the matter told Reuters
"I need more than 30 days notice as it takes a minimum of a few weeks to set up a new account with another bank" a faithful 13 years customer said
"So they complained about the inconvenience and felt the banks were being over-zealous. A few have also complained about having their accounts closed. That, however, is outside our mandate. Banks, as with most businesses, have the right to determine who they will accept as customers. And given the consequences of breaching the legislation, it is not surprising banks have decided to take a low risk approach" Battell said

More Content

All (1161) | News (993) | Reports (2) | Blogs (142) | Audio/Video (0) | Fact Sheets (11) | Press Releases (7)
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FTSE LIVE: Footsie weak as global gloom returns... [Published This Is Money - 16 mins ago]
Revilla confirms closing bank accounts amid por... [Published Balita - 16 mins ago]
Standard Chartered to Close Thousands of SME Ac... [Published International Business Times UK - 1 hour ago]
STANDARD CHARTERED : to close bank accounts of ... [Published 4 Traders - 1 hour ago]
GECOM Commissioner says…Politicians against leg... [Published Kaieteur News - 2 hours ago]
StanChart readies to close thousands of UAE acc... [Published Reuters: Business News - 4 hours ago]
Lessons of Diwali can be applied to any country... [Published Kaieteur News - 5 hours ago]
Attorney-General… Many clauses in AML/CFT Bill... [Published Guyana Chronicle Online - 7 hours ago]
Terrorist funds a concern: ABA [Published Individual.com - 9 hours ago]
Standard Chartered readies to close thousands o... [Published Bayou Buzz - 15 hours ago]
StanChart readies to close thousands of UAE acc... [Published Yahoo! Malaysia - 16 hours ago]
Standard Chartered readies to close thousands o... [Published Reuters: Business News - 16 hours ago]
Standard Chartered Readies To Close Thousands O... [Published Clusterstock - 16 hours ago]
StanChart readies to close thousands of UAE acc... [Published Reuters UK - 16 hours ago]
Trace ransom? Palace says it’s up to AMLC [Published Philippine Star - 17 hours ago]
Call for AML public awareness campaign [Published Interest.co.nz - 18 hours ago]
Is Aquino‘s plot to jail Binay? [Published Manila Times - 20 hours ago]
Sliding further downhill [Published Kaieteur News - Oct 19 2014]
TIME TO CELEBRATE [Published Guyana Chronicle Online - Oct 19 2014]
Napoles defends Revilla over ‘unexplained wealt... [Published Kicker Daily News - Oct 19 2014]
Foul play suspected on futsal pitches [Published Bangkok Post - Oct 19 2014]
Should duo’s gambling have raised flags? [Published Dayton Daily News - Oct 18 2014]
ACC fears harassment of citizens if police invo... [Published New Age Bangladesh - Oct 18 2014]
MCLE program seminar to be held in Cebu [Published Philippine Star - Oct 18 2014]
Blunt tech veteran preaches reinvention [Published GlobeAdvisor - Oct 18 2014]
Time For A New Approach To Alternative Financia... [Published Milwaukee Courier - Oct 18 2014]
Plunder raps ordered vs ex-APEC lawmaker over p... [Published Interaksyon - Oct 18 2014]
‘Several bank accounts a sign of laundering’ [Published Philippine Daily Inquirer - Oct 18 2014]
M&T has work to do on compliance issues [Published Business First of Buffalo - Oct 17 2014]
News Highlights (October 11-17) [Published Hudson Institute - Oct 17 2014]
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Blogs

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Standard Chartered Readies To Close Thousands O... [Published Clusterstock - 16 hours ago]
By Thomas Arnold and Archana Lakshmi Narasiah (Reuters) - Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following ...
Bitstamp issues final notice for users to verif... [Published SiliconANGLE - Oct 17 2014]
Bitstamp Ltd. has issued a final warning for its users to get themselves verified, warning that failure to do so will result in their funds being seized and their accounts being terminated. Bitstamp’s final notice reads: We kindly ask all unverified ...
SPECIAL REPORT: Narda Sotomayor on Regulating M... [Published MicroCapital - Oct 16 2014]
MicroCapital: Can you tell us a bit about your talk planned for European Microfinance Week on “balancing financial inclusion with market stability”? Narda Sotomayor: A key element to achieve this balance is the principle of proportionality, under ...
How War Criminals And Human Rights Violators Ex... [Published Think Progress - Oct 03 2014]
Mary Beth Goodman is a Senior Advisor to the Enough Project and a Senior Fellow at the Center for American Progress, who previously served as the Director for International Economics at the White House and as a diplomat for the U.S. Department of State. ...
Still no free lunch, by Scott Sumner [Published EconLog - Oct 03 2014]
Here's Matt Yglesias : Here's the thing about the federal government -- it can print dollars, a highly profitable activity. You can't print dollars. I can't print dollars. Vox Media can't print dollars. The state of Tennessee can't print dollars. These ...
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Press Releases

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FINRA Fines Citigroup Global Markets Inc. $1.85... [Published FINRA Newsroom - Aug 26 2014]
FINRA Charges Wedbush Securities for Systemic M... [Published FINRA Newsroom - Aug 18 2014]
AlixPartners Expands Financial-Crimes and Anti-... [Published GlobeNewswire: Acquisitions News - Aug 08 2014]
SEC Names Alberto Arevalo as Associate Director... [Published SEC US Press Releases - Jul 30 2014]
NICE Actimize Named Best Anti-Money Laundering ... [Published Financial Services - Jul 17 2014]
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