Money Laundering

The new rules, adopted with 591 votes in favour, 29 against and 33 abstentions and already agreed with EU ministers, lay down new, EU-wide standards to protect whistle-blowers revealing breaches of EU law in a wide range of areas including public procurement, financial services, money laundering, product and transport safety, nuclear safety, public health, consumer […]

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The following are summaries of news reports (hyperlinked below) pertaining to art law and art markets, separated by geographic regions for your browsing convenience. Wilson Elser’s Art Law practice team will continue this service via our new Art Law Perspectives blog, due to launch in the near future. BREAKING Notre Dame De Paris in Flames […]

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Using cryptography and virtual drop boxes, Julian Assange’s WikiLeaks created a revolutionary new model for media to lure massive digitized leaks from whistleblowers, exposing everything from US military secrets to wealthy tax-dodgers’ illicit offshore accounts. Assange’s arrest in London Thursday on a US extradition request to face charges of computer crimes could spell the end […]

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You’re a criminal with millions of dollars in ill-gotten gains but one big problem: Transferring slugs of money or carrying suitcases of cash will raise eyebrows. You need to “launder” the dough — make the dirty money appear to be the proceeds of legitimate enterprise. Then it can be spent anywhere in the world — […]

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Guernsey’s tax policy is underpinned by strong general anti-avoidance rules and the adoption of a number of international tax standards. There are no allowances or exemptions of the sort found in many other countries which have the effect of producing effective rates of corporate tax much lower than the headline rate. With its relatively simple […]

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Daily Briefing: U.S., UK levy $1.1 billion sanctions penalty on StanChart, new U.S. INCSR, and more Wednesday, April 10, 2019   (0 Comments) Posted by: Brian Monroe By Brian Monroebmonroe@acfcs.orgApril. 10, 2019 Quote of the Day: “To expect the unexpected shows a thoroughly modern intellect.” – Oscar Wilde In today’s ACFCS Fincrime Daily Briefing a look […]

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The vote in the European Parliament yesterday for increased protection for whistleblowers and investigative journalists has been widely welcomed international organisations and MEPs. Transparency International was among the international NGOs welcoming the new legislation, saying it was “a historic day for those who wish to expose corruption and wrongdoing”. The law for the protection of […]

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Reprinted with permission from Alternet. The only major bank that President Donald Trump has been able to count on for financial backing was among those that were issued subpoenas Monday by House Democrats. The House Financial Services and Intelligence Committees both demanded that Deutsche Bank—one of Trump’s most reliable creditors—as well as Citigroup and Bank of America […]

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The European Parliament has approved plans to ensure better protections for anyone disclosing information acquired in a work-related context about illegal or harmful activities The EU-wide whistleblower protections were approved after 591 MEPs voted in favour, but were opposed by 29 with 33 abstaining. The European Parliament and EU council had already come to a […]

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Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, a confidential internal report seen by the Guardian says. The bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against […]

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Argentinian authorities are making headway in a massive corruption case against ex-president Cristina Fernandez de Kirchner, arresting late last month four individuals whose trails lead to a US$65 million property empire including luxury condos, pharmacies, and banks scattered across South Florida and New York City, the Miami Herald reported Sunday. Miami Beach, Florida. Individuals arrested […]

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News Analysis The weeks leading up to the pending release of the special counsel report have given us a nearly unprecedented volume of news events connected to the Spygate scandal, Ukraine, and ongoing investigations. From the release of depositions to the the latest comments from newly installed Attorney General Bill Barr, the news flow has […]

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The new rules, adopted with 591 votes in favour, 29 against and 33 abstentions and already agreed with EU ministers, lay down new, EU-wide standards to protect whistle-blowers revealing breaches of EU law in a wide range of areas including public procurement, financial services, money laundering, product and transport safety, nuclear safety, public health, consumer […]

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