The Bank of England reportedly exerts "strong pressure" on Russia's second largest bank, an arrested Zetas leader's sons tweet incriminating photographs, and more, in this week's news roundup.
Large banks need to clearly delineate which senior executives are responsible for Bank Secrecy Act compliance violations, the U.S. Comptroller of the Currency said in a speech Monday.
An influential Senate subcommittee will hear testimony on tax evasion through offshore banks, Switzerland agrees to follow automatic data exchange standards and more, in this week's news roundup.
Last year, I told you not to believe any of that "best of years, worst of years" stuff à la Charles Dickens with regard to 2012. But if 2013 was less eventful than the prior year, every indication is that 2014 will be "challenging" for financial institutions and regulators.
The U.S. Justice Department seizes digital funds tied to an Internet black market, Republicans line up behind effort to fight FATCA and more, in this week's news roundup.
Ahead of expected anti-money laundering regulations for investment advisers, some private equity firms may find themselves subject to such oversight for a reason few would have guessed: their fee structures.
An influential financial crime watchdog group released Thursday a much-anticipated list of nearly 30 countries with anti-money laundering and counter terrorism financing deficiencies.
A blacklist expected to be published next week by an intergovernmental watchdog group has compliance officers wondering which jurisdictions will be named and what sort of changes it will bring.
The Paris-based Financial Action Task Force has formed a division to "engage" jurisdictions unwilling to comply with the organization's standards on fighting money laundering and terrorist financing.
An international watchdog group said Friday that it will respond to Group of 20 calls for the reinstitution of a blacklist naming jurisdictions with weak anti-money laundering controls.
France's decision to shut down French banks in jurisdictions on a European Union tax haven blacklist will likely be mirrored by other countries, according to tax analysts.
Plans by the Group of 20 to put an end to tax haven abuse could take up to ten years to implement, and will face political challenges, say international tax experts.
The FATF removed Myanmar last week from its list of Non-Cooperative Countries and Territories (NCCT)ultimately leaving the organization with an empty blacklist and questions
The Financial Action Task Force removed Nauru from its list of non-cooperative countries and territories (NCCTs) Thursday at its plenary meeting in Paris.
The Philippines, Indonesia and the Cook Islands have earned their way off the Financial Action Task Forces list of countries that arent cooperative in the global fight against money laundering.
The Financial Action Task Force has removed Guatemala from its roster of Non-Cooperative Countries and Territories (NCCT), leaving only six countries blacklisted for deficient money laundering controls.
The Financial Action Task Force has removed Egypt from its list of Non-Cooperative Countries and Territories (NCCT), one of two countries that earned their way off the blacklist leaving seven on the "name and shame" list.
The Paris-based Financial Action Task Force announced last week that four countries would be dropped from its infamous 'name and shame' blacklist of "non-cooperative" countries in the global anti-money laundering effort.
FATF announced Friday it has removed four countries from its infamous list of NCCTs that do not cooperate in the fight against money laundering.
At its February 1 plenary meeting, the FATF commended some so-called "non-cooperative countries and territories" (NCCTs) for progress on money laundering controls but condemned others for not taking sufficient steps.