Latest legal action by the FCA; The FCA has fined Arian Financial LLP (Arian), an interdealer broker, £288,962.53 for failing to ensure it had effective systems and controls against financial crime. This put Arian at […]
Hassan Zebdeh, Financial Crime Advisor at Eastnets discusses the latest money laundering challenges facing insurers and how to tackle them. Fraudsters are experts at finding novel ways to launder money. This is evidenced in the […]
Latest from the FCA as they finally get to grips with the vast amounts of cash money laundering going through Post Offices to overseas accounts. Here’s the word; A series of measures designed to reduce […]
The FCA has fined Al Rayan Bank PLC (Al Rayan) £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls. Between 1 April 2015 and 30 November 2017, Al Rayan allowed money to […]
The latest action from the FCA; The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and controls between October 2014 […]
It’s all jolly japes with Ant & Dec in the adverts, but today’s news that Santander has been fined over £100m for money laundering regs highlights the underlying problems in the UK banking system. Too […]
Latest from the Insolvency Service; Savio Gilbert Pereira, 46, and Sajid Anver Valimohammed, 37, have been disqualified as company directors for a total of 19 years following separate Insolvency Service investigations which uncovered financial misconduct. […]
Latest from the IDF after the Sharm COP27 event; Adaptation and resilience were the strong focus of the IDF and its partners at COP27 as we continued our mission to optimise and extend the use […]
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