U.K. leaders intend to review whether facilitation should be legal again, CFATF warns countries about the risks of Belize, Guyana and Dominica, and more, in this week's news roundup.
The U.S. Justice Department's long-awaited guidance for businesses complying with a foreign anti-bribery law will do little to change its enforcement even as it sets some minds at ease, say attorneys.
Singapore is adding tax evasion to its list of predicate money laundering offenses, eighty foreign MSBs have registered with FinCEN since August, and more, in the midweek roundup.
Pending U.S. guidance for the country's foreign anti-bribery law and an ongoing political push to amend its rules could mean compliance changes for banks and other businesses, say analysts.
Financial institutions operating in the U.K. could be among the first companies fined under a new British anti-bribery law, according to speakers at an anti-money laundering conference in Amsterdam Monday.
The United Kingdom's law enforcement arm said Wednesday that it would not pursue convictions under a new anti-bribery law against companies and individuals with a limited presence in the country.
A stringent new British anti-bribery law will be implemented before the end of the year despite concerns from the business community and the Cameron government, according to the measure's authors.
Senate panel members Tuesday criticized the U.S. Justice Department's enforcement of a U.S. anti-bribery law even as representatives from the commercial sector asked Congress to better shield it from penalties.
U.S. Justice Department investigations of foreign bribery will likely end up snaring financial institutions, according to the former head of the government's anti-corruption unit.
A British anti-bribery bill expected to pass this month could increase the likelihood that U.S. financial institutions and other companies will face sizable monetary penalties for overseas deals, say consultants.
The U.K.'s chief financial services regulator fined a London-based insurance firm nearly $8 million for poor controls of overseas payments sent to the Middle East, eastern Europe and Asia.