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 January 30, 2006- Sixty-one experts
on 27 panels will share their knowledge and guidance with a worldwide audience of
1,300 professionals at the moneylaundering.com and Money Laundering Alert 11 th
Annual International Money Laundering Conference and Exhibition from March 15 to
17, 2006.
December 1, 2005- It’s
taken more than three years, but the U.S. Treasury’s Financial Crimes Enforcement
Network (FinCEN) has finally made life insurance companies subject to anti-money
laundering requirements. The giant industry had long expected the action, and, because
many companies also sell variable products that were brought under AML regulations
in 2003, may be better poised to comply with the rule’s directives. But the
question remains, is the Internal Revenue Service ready to take on the mammoth task
of examining insurance companies for compliance? The IRS already has responsibility
for AML supervision of the money services businesses and jewelers and precious metal
dealers.
October 3, 2005- The morale and
effectiveness of what had been one of the most accomplished U.S. anti-money laundering
agencies has suffered serious harm under the sweeping, post-9/11 governmental
reorganization that merged the U.S. Customs Service with the Immigration and Naturalization Service, according to an exclusive report in the October issue of Money Laundering Alert.
The story was written by our Washington D.C. correspondent Rob Garver after exclusive
interviews with ICE investigators.
September 12, 2005- The Council
of Bars and Law Societies of Europe is preparing to fight the validity of a reporting
requirement for lawyers stipulated in the European Union’s Second Money Laundering
Directive of 2001. Even though many European countries have encountered similar
problems implementing the Second Directive, the Third EU Directive has been approved
with the reporting requirements for lawyers remaining unchanged.
August 2, 2005- The August 2005
issue of Money Laundering Alert extracts precious nuggets of knowledge from the
newly released, Bank Secrecy Act Anti-Money Laundering Examination Manual. Extensive
analysis of the manual’s interpretation of USA Patriot Act regulations, directives
on software technology and debunking of previously held myths about suspicious activity
report filings are among the issues illuminated this month.
August, 2005- The New York branch
of Arab Bank will pay a $24 million civil money penalty, the second highest Bank
Secrecy Act penalty assessed to date, for failing to implement adequate money laundering
and terrorist financing controls in relation to its funds clearing operations. This
case and several others will be dissected in Money Laundering Alert’s Second
Annual European Money Laundering Conference.
February 3, 2005- The February
2005 issue of Money Laundering Alert takes you to Santiago, Chile, where, in the
first investigation of its kind, a judge is reaching out to nine different countries,
including the United States, the United Kingdom, Switzerland, Luxembourg and the
Bahamas, through which Chilean Gen. Augusto Pinochet’s moved his recently
discovered $16 million fortune.
January 24, 2005- The major money
laundering scandals of 2004 at several prominent U.S. and international banks including
Riggs Bank, ABN Amro, AmSouth will come under the microscope at Money Laundering
Alert’s 10 th Annual International Money Laundering Conference, March 2 to
4 at the Westin Diplomat Resort & Spa in Hollywood, Florida.
January 7, 2005- In the January
2005 issue of Money Laundering Alert, two of the authors of the 9/11 Commission
Staff Monograph on Terrorist Financing, John Roth and Douglas Greenburg, give an
exclusive report on the new U.S. Intelligence Reform and Terrorism Prevention Act
of 2004, signed into law on December 17.
August 12 , 2004 -Terrorism
financing, new European laws are top concerns of anti-money laundering specialists
December 30, 2003 - New FinCEN
Director William Fox will speak at Money Laundering Alert’s international conference
June 5, 2003 - U.S. Treasury tells
domestic institutions to use coded names on wire transfers, but tells Financial
Action Task Force something else, MLA reports
February 19, 2003- Terrorism and
corruption money will get laser focus at Money Laundering Alert’s annual Miami Beach
conference
January 30, 2003- A side-by-side
comparison of two recent money laundering cases brought by the U.S. Department of
Justice shows a “blind spot” when large financial institutions are involved in laundering,
especially those in New York City, says Money Laundering Alert in its February issue.
December 31, 2002- The U.S. Customs
Service reports it has, for the first time, exposed the widespread use of life insurance
products to launder as much as $80 million in illicit drug proceeds of international
criminal groups. In the January 2003 issue, Money Laundering Alert reveals drug
traffickers might actually have purchased life insurance policies merely as conduits
in the commonly used Black Market Peso Exchange method of laundering.
December 1, 2002- Only two weeks
after U.S. law enforcement agencies received the power through Section 314(a) of
the USA Patriot Act to request personal and business account information from U.S.
financial institutions without issuing a subpoena, banks were buried under a barrage
of vague and tedious requests. After banks complained, U.S. Treasury announced an
indefinite moratorium on the requests. In the December issue, Money Laundering Alert
dissects this turn of events and what's likely to happen next.
November 1, 2002- See how and why
life insurance and annuities companies and "unregulated investment companies,"
including hedge funds, venture capital funds and real estate investment trusts,
could be required to maintain anti-money laundering programs, if two proposed rules
are approved. In the November issue, Money Laundering Alert dissects this new regulation
and several others so they're easy to understand regardless of your role in the
fight against money laundering.
For more information, contact one of our editors by phone at (305) 530-0500 or by
email.
Call 800-232-3652 for special press rates on Money
Laundering Alert or Moneylaundering.com Premium
subscriptions.
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