Monthly Archive: October 2017

Jamaica’s Efforts to Combat Money Laundering Within the Gaming Industry

Earlier this month, at Jamaica’s 6th annual Anti-Money Laundering (AML)/Counter Terrorism Financing (CTF) Conference, Cheryl Bazard, a Bahamian compliance specialist and founding president of the Bahamas Association of Compliance Officers (BACO), was invited to present for the third time.  The… Read more >

New Money Laundering Regulations in the UK

Professionals across all industries and sectors must familiarize themselves with the Money Laundering Regulations 2017 (MLR2017) which has introduced a variety of new provisions to replace and expand the requirements of the existing Money Laundering Regulations 2007 (MLR2007).  This newest… Read more >

France Charges Danske Bank in Money Laundering Case

On top of the numerous accounts of noncompliance Danske bank has recently been involved with, French court Tribunal Grande Instance de Paris has charged the bank for its relationship to a $230 million money laundering scheme at its Estonian location… Read more >

FinCEN’s New Customer Due Diligence Rule

With the upcoming due date for the implementation of FinCEN’s Final Rule, companies should be implementing due diligence programs, if they haven’t already, that are intrinsic and sustainable in order to build long term strategies towards compliance.  Furthermore, as organizations… Read more >

Indonesian Bank Reinforces Anti-Money Laundering and Terrorism Regulations

Bank Indonesia, the central bank of the Republic of Indonesia, issued a new regulation named PBI No. 19/10/PBI/2017 (PBI) to reinforce anti-money laundering (AML) and terrorism financing laws.   With information technology systems advancing, new activities of payment systems and… Read more >