Money laundering to become difficult in next 1-2 years, Indian Finance...
According to Arun Jaitley, Minister for Finance, Corporate Affairs, Information, and Broadcasting in the Government of India, tax evasion and money laundering will become extremely difficult in the...
View ArticleUS regulator tells Scotiabank to fix AML Deficiencies
US regulators are compelling Bank of Nova Scotia, Canada’s third-largest bank by assets, to overhaul its anti-money- laundering (AML) controls to correct “deficiencies” in the lender’s compliance...
View ArticleAustralia considers tighter AML rules for real estate and gems
Australia is considering tightening its anti-money laundering regulations to include real estate agents and precious stone dealers, following red flags from a global watchdog over potential illicit...
View ArticleAngola removed from Money Laundering Blacklist
The Financial Action Task Force (FATF) has removed Angola from its blacklist of jurisdictions that fail to meet international standards. The FATF added this southern African country to the list in...
View ArticleFATF grants Israel observer status
The Financial Action Task Force (FATF) has announced that Israel will join the organization as an observer starting June 2016. The admission is a significant step in the application process for joining...
View ArticleBelize to enhance Anti-Money Laundering
To strengthen the jurisdiction’s safeguards against financial crime, Belize’s Financial Intelligence Unit and Belize Police have signed a memorandum of understanding. The memorandum will strengthen the...
View ArticleSingapore Authority sets up AML department
The Monetary Authority of Singapore (MAS) has announced establishing a dedicated anti-money laundering department aimed to combat illicit financial activities. The regulator will set up a dedicated...
View ArticleEU signs agreement with IOTA to fight Tax Evasion
An Agreement for Cooperation has been signed by the Intra-European Organisation of Tax Administrations (IOTA) with the European Commission to allow them to work more effectively towards the common...
View ArticleSeychelles to chair AML meeting in August 2018
Seychelles is gearing up to hold this year’s Eastern and Southern Africa Anti-Money Laundering Group meeting in August while also preparing to take up the presidency of the group, the jurisdiction’s...
View ArticleOECD says Switzerland must do more to tackle bribery and protect whistleblowers
Switzerland must urgently do more to protect whistleblowers and stop money laundering and bribery. After a year-long investigation, the Organisation for Economic Co-operation Development (OECD) said...
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