Former Coutts / RBS staff who moved to BSI and caused both organisations to be the subject of serious disciplinary action have been jailed for short periods for their deliberate avoidance of counter-money laundering regimes.
Standard Chartered Bank has been ordered to pay SGD5.2m and Coutts (at the relevant time part of Royal Bank of Scotland) to pay SGD2.4 million for breaches of the Monetary Authority of Singapore's counter-money laundering requirements. It's also a slap in the face for Malaysia's Prime Minister Najib because the penalties arise from compliance failures relating to 1MDB, Najib's flagship project. There is also the minor matter of a Goldman Sachs employee and false statements.
World Money Laundering Report (WorldMoneyLaunderingReport.com) was first published in 1999. Over the following 17 years it appeared in 15 volumes, the last issue being published in December 2016. As from January 2017, WMLR will enter version 2.0 of its development.
For all the nonsense that the EU gets up to, there are some, little known parts, that do extremely good and valuable work. The European Union's Judicial Cooperation Unit, which goes by the moniker EuroJust, is one of those units. There is also Europol’s European Cybercrime Centre (EC3). Add in Europol itself, plus some other agencies that combine intelligence, investigation and prosecution and the EU has a sound infrastructure for combatting intra-community crime. It's essential that this part of the EU is retained when the UK leaves for without it all will be weaker.
PUBLISHED March 2015 as a special issue of World Money Laundering Report Ten Exploits that Dae'sh / ISIS Use to Hack the World explains how Da'esh / ISIS has been able to become such a global force in such a short time and how the group has become the biggest threat to the world since the Ice Age.
London and Hong Kong: 26 November 2011 : 04:00 GMT
The Anti Money Laundering Network is delighted to announce that its subsidiary Vortex Centrum Limited has, after several years of repeated attempts, at last gained control of the internet domain name World Money Laundering Report.com