Money Laundering, antimoneylaundering, money, fraud, tax havens, offshore, financial, financing, terrorism, ciberterrorism, control, prevention

How to Deter Money Laundering: Stronger Punishments Needed

Recent penalties against financial institutions for violating money laundering regulations may not act as deterrents, but far stronger punishments, would be effective; you have to make the cost of punishment greater than the benefit of the crime says Kevin Sullivan.

Mastering the fundamentals against money laundering

While the legislation around Anti-Money Laundering (AML) compliance has been in place for more than a decade, many businesses affected by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) are still struggling to understand what the legislation and their regulators expect of them.

The "KYC" added value: Compliance with the FATCA law

Knowing your client and to apply the procedures of customers due diligence or enhanced due diligence, is the basis for complying with laws and regulations on Money laundering prevention and combating the financing of terrorism.

The Future of the Shadow Banking System

The shadow banking system, in the form of the securitization market, has been repeatedly pointed out as a major source of systemic risk during the recent financial turmoil.

Any warning sign may be altered if the circumstances may reasonably explain the facts that originated it

Kristian Hölge, Regional Legal Advisor of Legal Assistance Program for Latin America and the Caribbean (LAPLAC) and the UNODC, said that the work of the UN, allows an approach between the public and private sectors, improving the understanding of the financial instruments used as means for ML/FT.

Financial institutions are the easiest way to move money, because they offer the easiest methods to move money

There are several crime theories that discuss certain factors that have to be present in order to induce a person to commit a financial fraud or theft.

Each institution’s AML program varies based upon the risks presented by its customers

Antimoneylaundering.us interviewed Scott Talbott, Senior Vice President for Government Affairs at The Financial Services Roundtable on the prevention of money laundering in financial institutions.

Anti-money laundering falls on boards’ agenda

Board level interest in anti-money laundering (AML) is being squeezed by other priorities, according to KPMG’s Global AML survey 2011. The survey revealed a nine percentage point drop in boards considering AML to be a high profile issue (from 71 percent in 2007 to 62 percent in 2011)

Anti-money Laundering In Latin America

FW moderates a discussion focusing on the prevention of money laundering in Latin America between Michael Diaz, Jr. at Diaz Reus and José Luis Rojas at Grant Thornton.

Money launderers pose national threat

Money laundering has implications in national security, Australian Crime Commission chief executive John Lawler says. Law enforcement experts and members of the financial industry gathered in Sydney