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What does Money Laundering mean? Money laundering is a process by which a property or money is transferred or embezzled to conceal or assist illicit origin of those assets, to [...]

Regulatory compliance has seen developments at a global scale over recent years, with continued focus on tax evasion and anti-money laundering (AML)/anti-terrorist financing (ATF). Regulators in Bermuda face on-going scrutiny [...]

The 2023 Fall Economic Statement includes a number of federal measures directed to the financial services sector, including measures in respect of (i) consumer-driven banking (open banking); (ii) amendments to [...]

INTRODUCTION 'Gambling is not about how well you play the games; it's really about how well you handle your money.' - V. P. Pappy The Gaming and Gambling industry has [...]

Article by Vijay Pal Dalmia, Advocate, Supreme Court of India and Delhi High Court, Partner & Head of Intellectual Property Laws Division, Vaish Associates Advocates, India India's rapid economic growth [...]

Through money laundering, criminals fund and profit from illicit activity such as arms sales, narcotics, human trafficking, contraband smuggling, embezzlement, insider trading, bribery, and fraud schemes. In addition to organized [...]

Lincoln Caylor spoke on a panel in an Association of Certified Financial Crime Specialists Western Canada Chapter webinar entitled The Evolution of Economic Crime, Asset Recovery, Money Laundering and Enforcement [...]

The Economic Crime (Transparency and Enforcement) Act 2022 (the Act) came into force on 15 March 2022, introducing a range of measures intended to tackle economic crime. In this briefing, [...]

Organisations with a turnover in excess of £10.2 million, who are within the remit of anti-money laundering (AML) legislation, will see the cost of regulation increase in 2023/24 with the [...]

Niall Hearty of financial crime specialists Rahman Ravelli considers the fears some have voiced about the plan. Eight freeports planned for the UK have prompted concerns about the risk of [...]

The UK government is seeking views on its proposal for an economic crime levy as part of its efforts to tackle financial crime. It has begun a consultation exercise on [...]

In this Ropes & Gray podcast, Ama Adams, Brendan Hanifin, and Emerson Siegle discuss anti-money laundering and economic sanctions considerations as well as best practices for fund sponsors, following recent [...]

The federal government is settling in to 2020 with a continued focus on tightening anti-money laundering (AML) and economic sanctions controls on the cryptocurrency industry. Treasury Secretary Mnuchin told Congress [...]

'My message to facilitators is this: we've had a lot of focus on banks; now my investigators are going to be focusing on you.' This was the warning delivered by [...]

On 15 May 2018, the UK Parliamentary Treasury Select Committee heard evidence from representatives of Transparency International, Global Witness and the RUSI Centre for Financial Crime and Security Studies as [...]

Summary This week, the Fourth Anti-Money Laundering Directive came into force in the UK. Among the changes arising from the transposition of the Directive in the UK has been to [...]

Marijuana might be legal in some places, but as IRS audits increasingly show, just doing business with the legal marijuana industry brings significant compliance challenges, especially for the financial services [...]