Search Results for: London
10 results out of 1486 results found for 'London'.
FORMER UNDERCOVER DEA INVESTIGATOR SAYS CULTURE SHIFTS ARE NEEDED TO PROMOTE LONG-TERM PROBES ON ML PROS
A former DEA agent who laundered money undercover to attack the Medellín and Cali cartels has called for a root-and-branch reform of AML, so that its vast resources target the most suspicious transactions and the professional launderers who facilitate them. Speaking to MLB, Robert Mazur, who offered ML services to drug kingpins such as Pablo Escobar in the 1980s and 1990s to undermine their criminal networks, said that many laundering techniques used then are still in use today.…
FATF CONSIDERS HOW TO IMPROVE EFFECTIVENESS WITHIN AML/CFT – BUT IS AML/CFT EFFECTIVE, PER SE?
While FATF’s mutual evaluation reports continue to show growing compliance with the organisation’s recommendations, concerns remain that the global AML/CFT system continues to fail in either preventing ML and TF or detecting and punishing such crimes after they are committed.
With FATF undertaking a strategic review since 2018, launched by the former China presidency and continued by the German presidency under Dr Marcus Pleyer, change in how the world fights ML and TF may emerge.…
INNOVATIVE ONLINE MERCEDES-BENZ FASHION WEEK ISTANBUL EXPANDS GLOBAL REACH OF TURKISH CLOTHING AND TEXTILE SECTOR
Istanbul is gearing up for its second fashion week of 2021, with the expectation of repeating the success of previous virtual events that reached some 25 million viewers worldwide.
With a physical Mercedes-Benz Istanbul Fashion Week (IFW) not feasible in 2020 due to the Covid-19 pandemic, the organisers pivoted to a virtual event.…
FINLAND CAN MANUFACTURING INDUSTRY BUOYED BY NATIONAL MARKET FAVOURING CANNED BEER
THE FINNISH can manufacturing industry has been growing, with new production coming online in the past 10 years to diversify a sector that is able to draw on effective access to raw materials and a highly skilled workforce.
Both Rexam (now part of Ball) and Poland-based Canpack operate efficient Finnish can-making plants.…
PANDORA PAPERS SHOWS REPUTATIONAL AS WELL AS CRIMINAL RISKS OF USING OFFSHORE FINANCIAL SERVICES
The huge offshore finance leak unveiled last month (October 3) by the International Consortium of Investigative Journalists (ICIJ) has highlighted the risks major companies face when doing business in offshore jurisdictions. Keith Nuthall and Andreia Nogueira report.
Major companies undertaking international business must comply with increasingly tough beneficial ownership transparency laws, and risk reputational damage if they are associated with particularly elaborate devices to avoid tax, even if it is legal.…
TEXTILE COATINGS - DEEP DIVE ARTICLE
INTRODUCTION
Think of finishing and some consumers may conclude that integrating chemicals with or within fibres will always be the most effective way to create a performance or protective textile. But the reality is that applying coatings to textiles and yarns is anything but superficial as a finishing technique.…
INNOVATIVE ONLINE MERCEDES-BENZ FASHION WEEK ISTANBUL EXPANDS GLOBAL REACH OF TURKISH CLOTHING AND TEXTILE SECTOR
Istanbul is gearing up for its second fashion week of 2021, with the expectation of repeating the success of previous virtual events that reached some 25 million viewers worldwide.
With a physical Mercedes-Benz Istanbul Fashion Week (IFW) not feasible in 2020 due to the Covid-19 pandemic, the organisers pivoted to a virtual event.…
CRYPTO-CURRENCY WORLD MORPHS AND DEVELOPS NEW AML/CFT RISKS AS TI CHANGES
Cryptocurrency innovation is moving fast, with AML/CFT-oriented financial institutions and law enforcement struggling to keep up as criminals exploit the system through newer technology such as decentralised finance and anonymous privacy coins.
The use of cryptocurrencies is surging, and is increasingly being adopted in more, often unregulated, markets.…
MASSIVE PANDORA PAPERS LEAK REVEALS HOW BO LAWS ARE IMPACTING FILINGS BY OFFSHORE COMPANIES
The huge offshore finance leak unveiled yesterday (October 3) by the International Consortium of Investigative Journalists (ICIJ) and its media partners has highlighted the pressures AML reporters face in complying with increasingly tough beneficial ownership transparency laws.
Reports generated from 2.94 terabytes of data within 12 million documents leaked to the ICIJ from the confidential records of 14 offshore service providers have been analysed by 600 journalists from 150 media outlets in 117 countries.…
LAWYERS BATTLE OVER WHETHER EU BENEFICIAL OWNERSHIP ARE A STEP TOO FAR FOR DATA PROTECTION
AS the European Union (EU) debates the proposed creation of a supra-national EU Anti-Money Laundering Authority (AMLA) and associated reforms to EU AML/CFT law, it must take privacy concerns into account, the European Data Protection Supervisor (EDPS) has argued.
In a comprehensive and detailed comment on the proposed new EU AML/CFT regulation and directive, the EDPS, an EU agency with powers to regulate the EU general data protection regulation, has said it supports these proposed laws’ embrace of the risk-based approach, which implies measures “as effective as possible and as less intrusive as possible”.…