Total: 50 results found.
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Reports from a very pro-EU Scotland indicate that enterprising financial service professionals (read that as money launderers and their advisers) are creating a new "sandwich," to serve those dodgy clients ...
Created on 17 July 2016
Banking Regulators Issue Guidance on Customer ID Programs for Prepaid Cards The banking agencies have released guidance about when banks need to put prepaid card holders through the full Customer Identification ...
Created on 28 June 2016
... er account closure, but the US law, which provides for sanctions against anyone who engaged in terrorist financing, is not limited to sanctioned parties. Banks who violate the law could be fined, or, in extr ...
Created on 13 June 2016
Canadian and American businessmen who have interests in Panama are facing an increasing number of times that the few US correspondent banks sending funds to Panama are declining to ...
Created on 03 June 2016
... (2) The funds eventually are transferred to bank accounts in Hong Kong, and on into banks in Mainland China. Is this scenario feasible ? If I was a money launderer working for senior Venezuelan PEPs ...
Created on 02 June 2016
... areas have found themselves having their accounts closed, as banks seek to reduce AML risk. Readers who wish to review the material, FCA Research into the Area of De-Risking, can access the complete text here. ...
Created on 02 June 2016
... banking facility in the Republic of Panama. A spokesman for the bank has acknowledged that these reports are accurate. While fallout from the Panama Papers disclosures has caused many US banks to severely ...
Created on 01 June 2016
... with the names of prominent international banks, without their consent and knowledge. The Mossack firm also used the tried-and-true technique of classic money laundering: filing companies having the names ...
Created on 15 May 2016
... to OFAC-sanctioned individuals, or other undesirable individuals or entities. Keep your banks clients honest by insisting that they comply, or close the accounts. WANTED SA kindly thanks US Treasury ...
Created on 07 May 2016
... as the result of the publication of the Panama Papers documents, many financial institutions in the Republic of Panama are now refusing to accept checks, drawn on foreign banks, for deposit into their ...
Created on 06 May 2016