Mauritius – THE NATIONAL MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT OF MAURITIUS PUBLIC REPORT The Ministry of Financial Services and Good Governance has, on 29th August 2019, published the following documents: Report 1  The National Money Laundering and Terrorist Financing Risk Assessment of Mauritius – Public Report; To read public report click here 2. […]

On 8 May 2019, the Central Bank of Ireland found Campbell O’Connor & Company, a private client stockbroker, guilty of five breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010) between July 2010 and November 2016. These breaches comprised of failings in the firm’s anti-money laundering and combating the financing […]

The Solicitors Regulation Authority (“SRA”) confirmed in March that it will be writing to a “large number” of firms (400) asking to see evidence of compliance with the Money Laundering Regulations 2017 (“MLR 2017”). A failure to respond to the SRA request can have regulatory and criminal consequences. This action is taken under powers set out in the SRA […]

Back in 2015 MORE than 20 major fraud cases involving millions of pounds being allegedly laundered through Jersey banks by people from all over the world are being actively investigated by financial crime detectives, the States police have revealed. The operations department of the Joint Financial Crimes Unit are working on 23 ‘major’ investigations, some […]

European Commission publishes report on the assessment of the risks of money laundering and terrorist finance affecting the internal market and cross-border activity The report focuses on the supranational risk assessment (SNRA) of the risks of money laundering (ML) and terrorist financing (TF) affecting the internal market and relating to cross-border activities. It is the […]

The report is based on a classified national risk assessment of the Australian terrorism financing environment completed by AUSTRAC in 2014 in collaboration with a number of key partner agencies, particularly the Australian Federal Police (AFP). This public report presents a consolidated picture of the Australian terrorism financing environment – current and emerging risks and […]

As can be seen from the following a top international political priority currently is the fight against terrorist financing. The Egmont Group European Commission’s Action Plan UK govt FATF In meeting this objective bolstering the Global anti-money laundering regimes is seen as one way to tackle this problem and a number of decisions have been […]

The Egmont Group — Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations — issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing. Here’s the full text of the Egmont Group’s February 1, 2016 Communiqué: The increasing actions of terrorists and terrorist organizations such as ISIL, al-Qaida and […]