Money Laundering

FRANKFURT (Reuters) – Deutsche Bank said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank . The statement came in response to a Bloomberg report that said the U.S. Federal Reserve was investigating Deutsche Bank’s role in […]

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CLOSE Agency heads underwent training on Guam’s open government law and transparency Wednesday, Feb. 13, 2019 at ITC Building in Tamuning, Guam. Jasmine Stole Weiss, jstole@guampdn.com Guam will seek its removal from the European Union’s updated list of 23 areas that are deemed hot spots for money laundering and terrorism financing, according to Gov. Lou Leon […]

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LATEST NEWS AND DEVELOPMENTS The Commission adopted Delegated Regulation (C(2019) 1326) identifying high-risk third countries that present strategic deficiencies in their regime on anti-money laundering and counter terrorist financing (AML/CFT). The Delegated Regulation (C(2019) 1326).  Annex to the Delegated Regulation (C(2019) 1326). Some background information on the EU List of High-Risk Third Countries is provided in this factsheet. […]

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ONALASKA, Texas — Onalaska, Texas, has a secret. Nestled along the piney shores of an East Texas lake, Onalaska lacks an airport. A WFAA review, however, has found more than 1,000 registered aircraft claiming an Onalaska address. That’s equivalent to one plane for every three Onalaska residents, which is more per capita than anywhere else […]

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The Latest on Deutsche Bank’s struggles to turn around its business (all times local): 1:20 p.m. Germany’s Deutsche Bank says it is clearing up its regulatory problems and sees no need to set aside money for two key legal matters. Those matters involve alleged money laundering through Danske Bank’s Estonian branch and suspicions bank employees […]

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EU copyright law gets green light The European Union is set to get new copyright laws after an agreement was reached late on Wednesday between EU officials, MEPs and diplomats from member states, The Financial Times reports. Andrus Ansip, the EU’s commissioner for digital policy says the new law will introduce “modern copyright rules fit […]

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The Latest on Deutsche Bank’s struggles to turn around its business (all times local): 1:20 p.m. Germany’s Deutsche Bank says it is clearing up its regulatory problems and sees no need to set aside money for two key legal matters. Those matters involve alleged money laundering through Danske Bank’s Estonian branch and suspicions bank employees […]

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The U.S. Treasury Department on Wednesday told American banks they can ignore an updated European Union blacklist of dirty-money hotspots, calling into question the EU’s methodology for developing the list, which includes several U.S. territories. The list, released Wednesday, results from efforts by the EU to tighten longstanding measures against money laundering and terrorism financing […]

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By William Shaw Law360, London (February 13, 2019, 5:10 PM GMT) — The European Commission has blacklisted 12 more countries and jurisdictions for their weak money laundering and terrorist finance protections, this time singling out Saudi Arabia and Panama, a commission spokeswoman told… … read more at: https://www.law360.com/articles/1128706/eu-adds-saudi-arabia-panama-to-money-laundering-blacklist

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