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TechnologyOut of Office, Home and Away, Moving Up, Moving On; When Security Goes Awol
FinanceAML Trends in 2022
BusinessOne Step Closer to the Future – Proposed Reforms to Corporate Criminal Liability in the UK
Top StoriesUK’s South West Water Added to Wastewater Investigation
Credit Suisse Found Guilty in Cocaine Cash Laundering Case
Date: June 27, 2022
By Paul Carrel BELLINZONA, Switzerland (Reuters) – Credit Suisse was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first criminal trial of one of its major banks. A former employee was found guilty of money-laundering in the trial, which included testimony...
Factbox-Credit Suisse’s Scandals – Spies, Lies and Money Laundering
Date: June 27, 2022
(Reuters) – Credit Suisse has been found guilty by Switzerland’s Federal Criminal Court of failing to prevent money-laundering in the country’s first criminal trial of one of its major banks. Credit Suisse denied wrongdoing in the case, which caps a string of scandals at Switzerland’s second-biggest bank. Here are the main crises to the bank...
When You Buy Diamonds, Think of Bucha, Ukraine Envoy Says
Date: June 24, 2022
By Helen Reid JOHANNESBURG (Reuters) -Consumers should think twice when buying diamonds that could be funding Russia’s war, a Ukrainian diplomat said on Friday as a fraught international conflict diamond forum in Botswana came to an inconclusive end. The Kimberley Process (KP), a coalition of governments, the diamond industry and civil society representatives responsible for...
How to Be an Effective Chief Compliance Officer
Date: June 24, 2022
By Gabriel Hopkins, Chief Product Officer, Ripjar As threats continue to evolve and regulations change, Chief Compliance Officers (CCOs) face a demanding set of challenges. It is not only about understanding regulations and laws – the modern CCO needs to be agile and able to leverage technological solutions while building solid interpersonal relationships. To succeed,...
UK Publishes Review of Anti-Money Laundering Regime
Date: June 24, 2022
LONDON (Reuters) – Britain’s finance ministry published on Friday a review of the country’s anti-money laundering rules and its system for countering the financing of terrorism, part of a broader push by the government to crack down on economic crime. “This review has made clear that some of our most powerful levers for change are...
Swiss Customs Reviews Import of Russian Gold in May
Date: June 24, 2022
ZURICH (Reuters) – Swiss customs officials are looking into the import of 3.1 tonnes of Russian gold in May to see whether the deals via Britain might have violated sanctions imposed on Russians over Moscow’s invasion of Ukraine, the government said on Friday. Customs data on Tuesday showed Switzerland imported around $200 million worth of...