(Part 1 of 2) First introduced in 1991, the EU’s Money Laundering Directives aim to prevent money laundering and other financial crimes such as terrorist financing. The Fourth Money Laundering Directive (MLD4) was passed in 2015 and all EU states…
AML & CTF: Next generation tech and big data hold the key
The focus on anti-money laundering (AML) and counter-terrorist financing (CTF) heated up last week with the UK announcing tough new proposals to combat financial crime. Billions of pounds of international crime money is reported to be funnelled through the UK…
Barclays Hit by £72 Million Fine For Slack Checks on Rich Clients
Barclays was dealt the largest disgorgement penalty ever imposed by the FCA, after a damning report found that it was lax in checking rich politically exposed clients, who were part of an “elephant” £1.9 billion “deal of the century”, because…
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