PEMEX, a Mexican owned oil company, introduced a new compliance requirement that requires oil suppliers and contractors to submit information on their current compliance programs. While some partner companies could face difficulties in complying with the new requirements and may have… Read more >
Due to the poor regulation of cryptocurrencies, money laundering crimes committed by organized crime groups in Japan have increased significantly. The Mainichi Shimbun, a major newspaper in Japan, has reported one specific case where up to 30 billion yen was… Read more >
A leader and innovator in anti-money laundering (AML), sanctions and anti-bribery compliance, Navigant Consulting Inc., has announced that they will be collaborating with a leader in machine intelligence, Ayasdi to produce an artificial intelligence (AI) and machine learning technology geared… Read more >
To What Extent Does the New Cayman Data Protection Law Overlap with the GDPR? By Lindsay Columbo | Monday, September 17, 2018 Lindsay Columbo: My career in compliance (so far) By Lindsay Columbo | Monday, August 20, 2018 Lindsay Columbo:… Read more >
Documents leaked to OjoPúblico, a Peruvian news organization, revealed that $2.2 billion leaked into Peru’s financial system that is linked to clients with connections to criminal activities such as drug trafficking, tax evasion, corruption and illegal gold mining. The documents,… Read more >
Lindsay Columbo: U.S.-EU dispute over Iran sanctions traps companies in legal abyss By Lindsay Columbo | Thursday, May 24, 2018 at 6:28AM
In the effort of guarding against trade-based money laundering and other illicit crimes within the financial industry, two papers have been published in Singapore by the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP). These papers establish… Read more >
Due to ever changing technology and its effect on money laundering, a Hong Kong based non-government organization (NGO) recently announced plans to form an alliance to regulate the financial technology across Asia in an effort to combat money laundering. Representatives from… Read more >
Money laundering is a rising issue in British Columbia (B.C.) due to the lack of enforcement of laws. Although detection and reporting of suspicious activities stands strong, without action taken to deter the activity, it will continue. Specifically, casinos in… Read more >
Between 2007 and 2016, the Panasonic Avionics Corporation (Panasonic) made illicit payments to consultants at its US in-flight-entertainment unit in the Middle East and Asia including payments to a government official at a state-owned airline in an effort to solicit… Read more >
AML, FCPA, Fines, Japan, United States