How will South Africa greylisting impact the advice market?
It becomes the second G20 country to warrant increased monitoring
FATF
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UK a world leader in fight against money laundering
It opens around 7,900 investigations; with 2,000 prosecutions and 1,400 convictions each year
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Jersey pushes back over proceeds of crime
Proposals will limit EU-backed anti-money laundering recommendations
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How to spot a dodgy life insurance contract
Small advice firms could face tougher anti-money laundering (AML) safeguards under a regime drafted by the Financial Action Task Force (FATF), which has published a series of red flags for suspicious insurance contracts.
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Swiss banking secrecy laws ‘not doomed yet’
Plans to scrap a class of anonymous shares in Switzerland have been met with fierce opposition and will likely not be passed into law, as three out of four of the nation’s major political parties have criticised the idea.