The National Crime Agency – dubbed Britain’s version of the FBI – has begun an inquiry into the UK end of a $20bn (£13bn) money-laundering scam revealed by The Independent involving some 19 British shell companies. The investigation highlighted the ease with which Britain is being used by organised crime syndicates to set up sham […]

The Wolfsberg Group has published revised anti-money laundering principles for correspondent banking, frequently asked questions on correspondent banking, and the Wolfsberg Group anti-money laundering questionnaire. Copies of the principles; http://www.wolfsberg-principles.com/pdf/home/Wolfsberg-Correspondent-Banking-Principles-2014.pdf FAQs; http://www.wolfsberg-principles.com/pdf/home/Wolfsberg-Correspondent-Banking-FAQ-2014.pdf questionnaire; http://www.wolfsberg-principles.com/pdf/home/Wolfsberg-Anti-Money-Laundering-Questionnair webpage  http://www.wolfsberg-principles.com/