American Bar Association Resists Law to Prevent Money Laundering

.blog-post-category, .post footer .blog-post-author-profile-wrap { display: none; } The American Bar Association (ABA) is apparently putting up a fight against proposed legislation that would help to prevent money laundering and a host of other crimes in the USA. At first glance, the story appears to defy logic: why would lawyers be against such meaningful and…

It’s the UK and EU’s turn for a bloody nose

.blog-post-category, .post footer .blog-post-author-profile-wrap { display: none; } The UK may see itself as one of the self-appointed global anti-corruption, anti-money laundering aficionados, but to many, especially its own Overseas Territories and Crown Dependencies, it is nothing more than the playground bully and a champion of hypocrisy. The news that the Institute for Economic Affairs…

Back Where it Belongs

.blog-post-category, .post footer .blog-post-author-profile-wrap { display: none; } At the end of 2018, there was much press coverage of the visit of External Relations Minister Ian Gorst to Kenya to sign an asset-sharing agreement for £3 million. The money was confiscated following criminal proceedings in the Royal Court in Jersey in which a Jersey company…

The UK National Crime Agency Obtains its First Unexplained Wealth Orders.

.blog-post-category, .post footer .blog-post-author-profile-wrap { display: none; } Back in February 2018, I wrote an a blog about the UK implementing legislation designed to attack those whose assets are likely borne from crimes such as grand corruption. The legislation, known as the Criminal Finances Act (CFA), introduced ‘Unexplained Wealth Orders’ (UWOs) designed to streamline and…

The EU’s blacklisting threat against smaller territories is undemocratic and brutal

.blog-post-category, .post footer .blog-post-author-profile-wrap { display: none; } Repetition is to be avoided in most walks of life. But where the offshore world is concerned, it appears to be the fulcrum around which the ill-informed are led by the unknowing. In this instance, it is the European Union’s turn to go on the offensive, with…

How to undertake effective enhanced due diligence – AML/CFT

.blog-post-category, .post footer .blog-post-author-profile-wrap { display: none; } Everyone wants to do a good job – yet regulatory sanction seems more frequent than ever. Why do firms drop their ML/TF guard? The first and most simple concept is that risk can only be managed if one has an idea of where it is likely to…

SANS Survey Finds Global Organisations Are Lacking In Insider Threat Protection

New research by the SANS Institute, sponsored by Dtex, Haystax Technology and Rapid7, suggests that while global organisations are beginning to recognise that insider threats are potentially the most damaging cyber threat, their budgets and incident response plans have yet to align with their concerns. Only 18% of respondents said they have developed incident response…

5 Data Security Experts On The Real Threat Of Insider Attacks

  An “insider threat” is a security threat that originates from within the organisation. The term encompasses employee error, manipulation and malicious action. Insider attacks may be increasing in frequency, but they are still frequently overlooked as companies focus their attention on creating barricades to outside cyber attackers. The real concern is not an unknown…

Impact of Brexit

Do you wonder what the impact of Brexit will be on your industry, your company, your employees? Let us know what your biggest challenge is and what kind of information you are desperate to find. As a global legal conference organiser we will be looking to bring you together with experts and peers to provide…

An Interview with Sergei Kaduk, DCM Director, Sberbank CIS

Challenges and Prospects of the Securitisation Market in Russia An Interview with Sergei Kaduk, DCM Director, Sberbank CIS 29 July, 2014 by Anita Arthur (a.arthur @ c5-online.com), Divisional Manager, Emerging Markets, C5 Communications – Sergei, you’ve worked in the Russian securitisation market for a longtime and have an impressive track record of good deals. How…

Financial Services – Weekly Industry News

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DFC Global Corp. – DLLR, Posted on Digital Journal NEW YORK, Nov. 20, 2013 /PRNewswire/ — Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of DFC Global Corp. (“DFC Global” or the “Company”)(NASDAQ: DLLR).  Such investors are advised to contact Lesley…

Michael Woodford at the Shareholder Protection and Corporate Governance Forum

Michael Woodford, former CEO of Olympus, will give a keynote address at C5’s Shareholder Protection and Corporate Governance Forum this January. Learn more about Michael Woodford’s unique story with our selection of articles below.   Whistleblowers want protection to root out wrongdoing, By Alan Tovey, Posted on The Telegraph It takes courage to blow the whistle…