AML
Hong Kong urges greater AML and KYC effort after Panama leak
Banks and financial institutions in Hong Kong must “strictly comply” with existing money laundering laws requiring them to disclose the identities of their customers and what they intend to do with their money.
Middle East | 22 Apr 16
CISI launches two new qualifications in Middle East
The Chartered Institute for Securities & Investment (CISI) has launched two qualifications on financial crime prevention in the Middle East to tackle the increased threats of cyber crime and financial crime.
Tax & Regulation | 21 Apr 16
UK offshore firms will be forced to reveal property owners
The British government’s plan to reveal the ultimate owners of offshore companies that have bought property in the UK is likely to be announced by the prime minister David Cameron next month.
Belgium charges UBS with serious and organised tax evasion
A Belgian judge has charges Swiss bank UBS with money laundering and serious and organised tax evasion, according to media reports.
Tax & Regulation | 9 Nov 15
Guernsey directors fined for anti-money laundering failings
Four executive directors of Guernsey financial services and former QROPS provider Confiance Limited have been fined, and in three cases also banned from performing key functions for five years.