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Regulators Step Up Probe Into Bank Hiring Overseas
The US Securities and Exchange Commission is widening its investigation into whether banks in Asia have breached anti-bribery laws by employing the relatives of high-ranking public officials. The SEC...
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ANTI-CORRUPTION SCHOOL OPENS ITS DOORS IN ALMATY, KAZAKHSTAN
On 23 April 2014, Almaty’s first nationwide Anti-Corruption School opens its doors for students, civil society representatives, journalists and all citizens who wish to John Cole Cartoon satirising...
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US IRS agents pay a visit to Macau
Agents from the US Internal Revenue Service travelled to Macau – the favourite haunt of China’s avid gamblers – in May. Read this report from Brett Wolf at Reuters for an update. Source: Reuters
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Questions on ML a priority for US prosecutors
US investigators at the Justice Department‘s Money Laundering and Bank Integrity Unit (MLBIU) are directing prosecutors to add a question to their interrogations which has, according to this exclusive...
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Thailand: AML laws used on small corrupt businesses
The Anti-Money Laundering police division in Phuket has flexed its muscles to seize cash from allegedly corrupt taxi and tuk-tuk firms around the island. English: Thai students going to school by tuk...
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Financial exclusion keeps Asia’s poor shackled to debt
Would you ever use a loan shark to borrow money? If you have a bank account, a credit rating, an address and an identity card, the chances are you will never need to. Many people in Asia, however, have...
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The banking sector is still rewarding poor conduct
Senator Elizabeth Warren tore into Federal Reserve officials this week for not jailing a single banking executive in relation to their role in the collapse of the banking system. Senator Warren is...
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How much do APAC’s regulators earn?
Regulators’ salaries across Asia Pacific vary enormously:some supervisors earn fortunes and others hit the pay scale at the average to low end. Some governments believe that paying politicians and...
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Sino-Spanish laundry brought down in Operation Snake
The combined efforts of Europol and the Spanish Guardia Civil dismantled a six year old money laundering operation earlier this week. Investigators estimate the group sluiced more than EUR300m in the...
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When Basic AML Training Just Isn’t Enough
Deutsche Bank is reportedly leading an internal investigation into an alleged USD6bn laundry, using ‘relatively simple transactions’ to clean cash. Simple transactions used to launder money should be...
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