Tag Archive: compliance technology

Utopia Unleashed for Money Launderers, But Now Their Secrets Are Revealed

A new discovery of documents coined “The Paradise Papers” reveals the secrets of two offshore firms, 19 secrecy jurisdictions, and 13.4 million files.  These files were obtained by the German newspaper, Süddeutsche Zeitung, and were released by the International Consortium… Read more >

AMLC Fights Back Against Money Laundering

In an effort to reduce money laundering and criminal and terrorism funding, the Anti-Money Laundering Council (AMLC) of the Philippines has made amendments to the AMLC Registration and Reporting Guidelines (ARRG).  The amendments were approved by the government on December… Read more >

Fighting Human Trafficking with Compliance Technology and New Legislation

In recent years, modern slavery, specifically in the form of human trafficking, has become an egregious issue within the United States (US) as well as internationally.  While many think of slavery as a relic of history, unfortunately, global statistics show… Read more >

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 >

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 >