Public International Law Notes
Tag: money laundering
Showing 9 out of 9 results
UK government introduces new sanctions and anti-money laundering bill
On 19 October the UK Government published the text of a proposed new Sanctions and Anti-Money Laundering Bill (the "Bill"), which seeks to create a …
Hong Kong’s top court clarifies mental element in money laundering offence
In the recent case of HKSAR v Pang Hung Fai (FACC 8/2013), the Court of Final Appeal (the CFA) offered, for the first time, authoritative guidance on the …
Anti-money laundering and anti-bribery systems and controls at asset management firms: FCA thematic review
In October 2013, the Financial Conduct Authority (FCA) published the much-anticipated report of its thematic review into anti-money laundering (AML) and …
FCA Fines Bank for Anti-Money Laundering Failings
On 8 August 2013 the Financial Conduct Authority ("FCA") issued a Final Notice against Guaranty Trust Bank (UK) Limited ("GTBUK"), the fifth in a series …
Recent Sanctions Developments: EU relaxes certain Syrian sanctions and amends measures relating to North Korea, Iran and Tunisia; US relaxes Myanmar sanctions
The EU has recently published a new Regulation (Regulation 697/2013 of 22 July 2013 ("Regulation 697/2013")) which amends Regulation 36/2012, the key …
EU/UK: Recent sanctions developments concerning Myanmar (Burma), North Korea, Syria and Libya
Daniel Hudson, Karen Anderson Jeremy Sher and Richard Wright comment on recent developments concerning the EU sanctions regimes applying to Myanmar …
Proposed changes to the Money Laundering Regulations 2007 - Government response to consultation
Following a somewhat leisurely consultation process, the Government has this week published a response to its consultation on changes to the Money …
FSA fines bank and its former MLRO for failure to comply with anti-money laundering requirements
In May 2012 the FSA issued Final Notices fining Habib Bank AG Zurich ("Habib") £525,000 for failure to take reasonable care to establish and maintain …
Shah v HSBC: High Court clarifies bank's duties to customers when making SARs
The High Court has clarified whether banks owe liability or have disclosure obligations to their customers in respect of whom they have made money …