Financial Crime Compliance | Training | Advisory
(Bloomberg) — The boost provided by the phase-one trade deal between the U.S. and China reverberated through markets for one more week, sending indexes of emerging-market currencies and stocks to the highest levels in at least five months last week. The appr…
According to PSD2, a payment initiation service provider (PISP) represents a payment institution, and thus falls under the Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations. Yet, for many market participants the setup of these checks …
Mumbai: The RBI on Monday said IFSC Banking Units can open foreign currency current accounts of entities operating in IFSC and of non-resident institutional investors to facilitate their investment transactions. However, IBUs are not allowed to open savings a…
Martin Wilson, the chief legal counsel at the auction house Phillips, said, At the heart of the new legislation is a requirement that art market participants must carry out due diligence in relation to the identity of their customers andbe able to answer the …
In the days since Iran fired ballistic missiles at bases used by US forces in Iraq in response to the US killing of Gen. Qassem Soleimani, both Washington and Tehran appear to have stepped back from the edge of war. But there are still concerns Tehran could …
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ISTANBUL (Reuters) – Turkish authorities must address shortcomings in tackling money laundering and terrorism financing or face being added to a “gray list” of countries with inadequate financial controls, according to a global money laundering watchdog. In…
Islamabad, Pakistan – A Pakistani court has indicted Hafiz Muhammad Saeed, the founder of the banned Lashkar-e-Tayyaba armed group and alleged mastermind of the 2008 Mumbai attacks, on terrorism financing charges, officials say. The court ordered the governm…
By: PTI | Islamabad | Updated: December 11, 2019 2:04:20 pm Hafiz Saeed is is detained at the Kot Lakhpat jail. (File Photo)Hafiz Saeed, the Mumbai terror attack mastermind and chief of the banned JuD, was indicted on Wednesday by a Pakistani anti-terrori…
The Income Tax department said it has exchanged information regarding members of the Mukesh Ambani family over alleged undisclosed foreign income and assets in a quarterly meet this month at Ukraine, with seven countries India had pacts with. Under the Doub…
