The New York State Department of Financial Services is investigating Deutsche Bank over an alleged series of trades in which $6 million was allegedly the subject of money laundering in Russia
Read moreThe Kenyan government has closed down several foreign currency transfer businesses, providing another obstacle to transferring funds to and from firms abroad
Read morePaul Orford takes a look at the media coverage of the allegations against HSBC, in that Peter Oborne claimed that the Daily Telegraph's management had deliberately supressed stories in order to retain a valuable advertising account. Mr. Oborne outlined that one former Telegraph executive told him HSBC was “the advertiser you literally cannot afford to offend.”
Read moreThe Swiss Financial Market Supervisory Authority FINMA has opened a consultation on the draft revised version of the FINMA Anti-Money Laundering Ordinance. The revised ordinance reflects both the revised Anti-Money Laundering Act of 12 December 2014 and the revised Financial Action Task Force recommendations. The revised ordinance also includes insights gained from supervisory practice and…
Read moreCharlie Shrem has been sentenced to two years' imprisonment for indirectly helping retail customers swap cash for Bitcoins on the Silk Road marketplace
Read moreUAE based FX industry organization FERG has highlighted the importance of combating fraud in FX, as well as having released the findings of a recent research which shows that a financial organisation typically loses 5 percent of revenue a year due to fraud alone.
Read moreNorth American introducing broker IFG Markets finds itself on the receiving end of a permanent ban from NFA membership due to several inconsistencies, most gravely of all surrounding the firm's inability to maintain its capital correctly, culminating in insolvency
Read morePlus500 shares drop another 5% on Tuesday after The Times published an article regarding an FCA investigation centered on money laundering and Plus500's customer on-boarding procedures.
Read moreTough Monday overall for Forex stocks: Plus500 -8%, Gain Capital -3%, FXCM -1%, Swissquote -2%
Read moreEU Financial Services Commissioner Michel Barnier believes the potential for money laundering and terrorist financing is too serious to ignore
Read more