Private bankers and politically exposed persons

see Private bankers need to know as much as possible about the customers that pass through their doors, and the wealth that they carry. So each customer who wants to open an account is subjected to considerable processes of due diligence. If the customer is a businessman who has made his …

SuperSARs: New bill gives banks the green light to cooperate

red dating website Banks encountering suspicious transactions will soon be able to file a collective SuperSAR to the financial intelligence unit at the National Crime Agency. The provisions of the recently published Criminal Finances Bill will give banks greater legal protection when they work together to investigate money trails and to accumulate and …

Hong Kong at Laundering’s Cutting Edge

frau sucht mann hanau Hong Kong and Singapore face a money laundering clampdown in the next few months as local banking organisations and regulatory authorities launch rulebooks bringing local rules in line with international standards. These standards are recommended by the Financial Action Task Force (FATF) and the Basel Committee. Some Asian financial institutions …

Anti-money laundering: Latin America

published in The Wall Street Journal April 11 2005 The creation, movement and spending of illegal money represents a greater challenge for bankers in Latin and South America than possibly anywhere in the world. The three-fold problem of pervasive illegal drugs production and selling, political corruption and poorly resourced regulatory …