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GlobalKYC.com is crowd-sourced information for the financial crime risk management community.
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It's supposed to be one of the primary alternatives to using banks for money transfer but an experience in trying to send and receive money using global remittance companies Western Union and MoneyGram has shown that the services does not live up to the hype.

David Cameron, speaking in Japan where he is attending the G7 Summit, has said that the young, in Britain, should register to vote. He says it may be the most important vote of their lives and it is for them to decide what kind of country they want to grow up in and their children and grandchildren to grow up in. He's exactly right.

And when they do, they should vote to leave the EU. This is why. And as someone who supported the "yes" vote in 1975, I start with a mea culpa, says Nigel Morris-Cotterill

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For too long, those who have a narrow view of how money laundering related matters should be policed and enforced have made ill-informed criticism of Singapore. Primarily originating from the USA's complaint that Singapore does not prosecute enough money laundering offences, the criticism was amplified by the influx of money relocated from, first, Switzerland and then Dubai. Nigel Morris-Cotterill says that the USA should take notice of how Singapore has dealt with BSI Bank.

Editorial Staff

The USA has hundreds of prisoners sentenced to die in jail. But they don't end up on death row and they don't get campaigners petitioning the governor and, equally importantly, within days of being sentenced, the media loses interest in them. This is the story of the USA's oh-so-quietly implemented alternative to the death penalty which is ignored by those arguing for human rights.

Recent changes to the Lloyds Banking Group's internet banking platforms have led to customers of the international bank registered in Jersey and regulated in Jersey, Guernsey and the Isle of Man with a sister company in Gibraltar being unable to locate information on services or to apply for services on-line.

Following the closure of BSI Bank Limited for persistent and senior failures in money laundering controls and failures to comply with regulatory failures (http://www.financialcrimerisko...) MAS has named the six bankers it has referred to the Public Prosecutor for investigation as to possible criminal offences. MAS has also served notice of financial penalty on the bank.

The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management supervision of the bank’s operations and gross misconduct by some of the bank’s staff.

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We've got a second chance to prevent the abolition of Britain and England in particular. We must not waste it.

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Basheer Ahmad Maula Sahul Hameed was jailed on 20 May 2015. the 24 year old mechanic conspired with his wife, Nur Shila Kanan, a bank officer to access, the bank accounts of several people who are missing aboard flight MH370.

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As banks find themselves subject to ever more stringent arrangements over correspondent banking, the process seems complex and esoteric. It isn't. Here's the BankingInsuranceSecurities.com guide to correspondent banking . Simple.

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Niki Lauda shoots from the lip and is consistently quick to blame Hamilton for any incident involving the two Mercedes drivers. Toto Wolff is far more measured. Within minutes of Mercedes' premature end of the Spanish Grand Prix, both had delivered their verdict. Lauda was, as usual, critical of Hamilton. Wolff gave a technical answer that hardly anyone understood but it did not say Hamilton was to blame. And it was right that it did not because while we mortals do not have access to Rosberg's data, we do have access to Hamilton's in-car footage and while we cannot say Rosberg was at fault, we can say, with certainty, that Hamilton was not.

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Writing about the scandal of claims companies charging thousands of millions to fill in forms people can do for free, the Independent carried two ads for one such company - on the same page as the article!

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You can't turn on the TV during the daytime in the UK without being bombarded with adverts for gambling or some kind of claims management service, the latter ranging from solicitors with names that sound like second hand furniture shops to unlicensed and unregulated companies that sound like firms of solicitors. This latter group has found rich - very rich - pickings in relation to the scandal where millions were "mis-sold" Personal Protection Insurance as part of a loans package. How rich? The government's increasingly excellent Public Accounts Committee says some GBP5,000 million has been spent by people who bought services they did not need.

While the Conservative Party is seemingly on a course to self-destruction and Jeremy Corby wrestles with bizarre claims of anti-Semitism (the protesters don't appear to know what a Semite is) and both parties wondering how to spin the overall picture presented by last week's elections, Gordon Brown, one of, perhaps the primary, architect of the collapse of the British economy who failed to get a decent job in Europe and the IMF after his delusional claim that he saved the world, has weighed in. He's confirmed one significant fact that most politicians are reluctant to point out: the EU is, widely and fundamentally, a coalition of socialist states. Britain (at least parts of it) remain the only effective hold-out moderate, non-left-wing, state.

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