Facing staunch criticism for its oversight of Britain's insurance sector, the United Kingdom's top financial regulator will restructure itself less than two years after its launch, the agency disclosed Monday.
British officials are asking lawmakers to codify a practice of not paying ransoms to kidnappers as part of a broader effort to clamp down on terrorism and its financiers.
A proposal to hold British bankers more accountable for compliance failings could soon extend to senior executives of foreign banks, U.K. regulators said Monday.
New York HIFCA director discusses the importance of well written SARs and the organization's efforts to bridge the communication gap between the financial sector and law enforcement.
The curtain may be coming down on the HIFCA task forces, a six-year-old U.S. concept that was a part of the Money Laundering Suppression Act of 1998 and which were meant to be a cornerstone of U.S. money laundering regulatory and enforcement efforts.
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