In The News
Paul Manafort, the ex-chairman of Donald Trump’s presidential campaign, urged a federal judge to dismiss the money laundering and illegal lobbying charges against him, attacking the foundation of a case that could send him to prison for 20 years.
NEW YORK (Thomson Reuters Regulatory Intelligence) - Regulators are holding financial institutions responsible for the real-life consequences of anti-money laundering (AML) failures. Firms must reconfigure their transaction monitoring programs to identify the emergent, multi-dimensional money laundering and terrorism finance methods that are defeating today’s rules-based detection scenarios.
BRUSSELS (Reuters) - The world’s financial leaders will call on international standard-setting bodies on March 20 for stronger monitoring of crypto-assets and to assess the need for a multilateral response as such assets could at some point threaten financial stability.
Paul Manafort, the former Trump campaign chairman, runs a significant risk of spending the rest of his life in prison and the evidence against him by special counsel Robert Mueller’s office seems strong, a federal judge declared in an order made public on Tuesday.
JERUSALEM (Reuters) - Israel’s parliament passed a law that limits the amount of cash in the economy in an effort to fight against dirty money, economic crime and money laundering.
WASHINGTON (Reuters) - CIA Director Mike Pompeo may have developed personal chemistry with President Donald Trump by delivering his crucial morning intelligence briefings, praising him publicly and embracing his hard-line views on issues ranging from North Korea to Iran.
Industrial & Commercial Bank of China Ltd., the world’s biggest lender, has been ordered by the Federal Reserve to bolster its protections against money laundering.
It is time to weed out illicit financing and unfair competition from criminals and bad actors. These schemers distort markets and aid those who seek to harm Americans and American interests. Passing the House Financial Services Committee’s Counter Terrorism and Illicit Finance Act should be a priority for the 115th Congress.
In Leonardo DiCaprio’s acceptance speech after winning a Golden Globe in 2014 for his role in The Wolf of Wall Street, he thanked the production team for the film including his collaborators “Riz and Jho”.1