OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Bitcoin Used in Money Laundering Scheme
Bitcoin was used in another widespread criminal scheme. The US Department of Justice announced an indictment about a money laundering scheme which used the darknet and Bitcoin. “An Ohio man was arrested for his operation…
Pre-insolvency adviser sentenced to four and half years…
Former pre-insolvency adviser John Narramore has been sentenced to four and a half years in prison, with a non-parole period of 20 months, at Brisbane District Court. Mr Narramore previously pleaded guilty to one charge…
Richard Baldwin Conviction for Money Laundering Revealed After…
On 13 July 2017, Richard Baldwin was convicted of dealing in criminal property between October 2007 and November 2008. The criminal property laundered was £1.5 million representing the proceeds of a conspiracy to insider deal…
10 Formal AML/CFT Warnings Issued by FMA
The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). The FMA carried out a risk-based assessment…
FCA Fines Standard Chartered Bank £102.2 Million for…
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML…
AML/CFT Monitoring Report Highlights Concerns, Sets Out Future…
The Financial Markets Authority (FMA) has published an Anti-Money Laundering and Countering the financing of terrorism (AML/CFT) monitoring report setting out the areas requiring further attention by the management and boards of the reporting entities it…
Former company director and two pre-insolvency advisers charged…
Mr Richard Ludwig of Broadbeach Waters Queensland, Mr Stephen O’Neill of Port Melbourne, Victoria and Mr John Narramore, of Main Beach Queensland, have appeared in the Brisbane Magistrates Court on charges that include breaching director…
FINTRAC Announces Better Support for Canadian Businesses
FINTRAC today launched a number of new tools aimed at better supporting Canadian businesses in meeting their obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act). This initiative includes: FINTRAC’s…