Yesterday, in accordace with the update to the FATF Grey list (other monitored jurisdictons), InScope has made the following amendments to our internal policy: Iceland and Mongolia have been removed…
Update to the EU list of non-cooperative jurisdictions
Yesterday, in accordace with the update to the EU’s Non Cooperative Jurisdictions list, InScope has made the following amendments to our internal ‘EUNCTJ’ and ‘EU Blacklist’: Barbados and Anguilla were…
Update to EU’s Weak AML list
Yesterday, in accordace with the statement regarding delayed update of the EUWAML list, InScope added the following countries to the ‘EU Weak AML’ and ‘EU Blacklist’: Zimbabwe Cambodia Barbados Jamaica…
Major overhall to UK Companies Register
The UK government is about to revamp checks on Britain’s register of companies following claims that the database can be abused by money launderers and fraudsters with little difficulty. Directors…
Brazil’s former president faces new money laundering charge
Prosecutors in Brazil’s “Car Wash” corruption investigation charged former President Luiz da Silva with money laundering on Monday, less than 12 months after the country’s top court ordered him released…
British Colombia court subpoenas businessman re documents associated with alleged money-laundering case
B.C. Supreme Court has stipulated that a Mexican businessman must produce documents within 30 days in a case involving two properties, that the province alleges, were used to launder money…
Crime family arrested in HK$3 billion AML case
A Hong Kong family stand accused of laundering more than HK$3 billion through 100 personal bank accounts, along with the owner of a money exchange business, a senior customs official…
Credit Suisse attempt to Keep Money Laundering Report Secret is successful
Credit Suisse Group have stalled the release of a report into how it failed to prevent money laundering by one of its former top bankers. A suspension order was put…
FIAU issues record fine for gaming company
A gaming company has been slapped with the largest fine ever issued by the Financial Intelligence Analysis Unit (FIAU) after a number of issues were discovered. The FIAU said the…
Four financial institutions face enforcement for breaches
Enforcement action has be brought against four financial institutions by the regulator in August after they were found in breach of regulations. According to a newsletter issued on Monday, the Malta…