Anti-Money Laundering

European banks are hampering efforts to identify money laundering, according to a regulator. Niall Hearty of financial crime specialists Rahman Ravelli assesses the situation

Europe’s banking regulator says that the authorities are losing the chance to detect suspicious transactions because banks are too keen to drop risky customers.

By Niall Hearty  20 January 2022

Niall Hearty, of financial crime specialists Rahman Ravelli, considers the implications of the UAE being monitored due to money laundering failings

The United Arab Emirates (UAE) could be placed on a “grey list’’ of nations because of its failure to tackle money laundering and terrorist financing.

By Niall Hearty  19 January 2022

Four banks have had fines imposed in Hong Kong for money laundering failings

Syed Rahman of financial crime specialists Rahman Ravelli emphasises that the problem is far from unique to Hong Kong.

By Syedur Rahman  8 December 2021

Nicola Sharp considers the UAE’s anti-money laundering stance

The United Arab Emirates (UAE) has been highlighting the results of its efforts to tackle money laundering and terrorist financing.

By Nicola Sharp  9 November 2021

Politicians are asking why it took the FCA so long to conclude the prosecution of NatWest for money laundering

Niall Hearty of financial crime specialists Rahman Ravelli assesses the situation.

By Niall Hearty  2 November 2021

Nicola Sharp, assesses the thinking behind the UAE’s efforts to prevent money launderers using charities

In its latest bid to combat money laundering, the UAE is devising a law that will increase regulation of charity fundraising and donations.

By Nicola Sharp  20 October 2021

Niall Hearty, considers the thinking behind increased resources being given to the UK Financial Intelligence Unit

The UK National Crime Agency (NCA) is set to more than double the number of staff at the Financial Intelligence Unit (FIU), which is based within it.

By Niall Hearty  29 September 2021

Nicola Sharp explains why a large drop in money laundering penalties does not tell the full story

Penalties imposed for money laundering failings in the first half of 2021 were down 40% on the same period last year. But Nicola Sharp wrote a piece explaining why it would be wrong to place too much emphasis on the latest figures.

By Nicola Sharp  15 September 2021

Nicola Sharp, examines Japan’s response to the money laundering threat highlighted by the Financial Action Task Force

Japan has been urged to improve cooperation between its government agencies in order to tackle money laundering and the funding of terrorism.

By Nicola Sharp  7 September 2021

Syed Rahman considers Danske Bank shareholders’ unsuccessful attempt to argue its money laundering failings in Estonia amounted to fraud

Danske Bank and some of its former senior executives have defeated an appeal by shareholders who argued that they were defrauded due to the money laundering at the bank’s Estonian branch.

By Syedur Rahman  7 September 2021