International Finance

Tag : laundering

Banking

Anti-money laundering requirements: are the stakes increasing?

Sophisticated techniques for detection of suspicious activity require someone with a level of knowledge and understanding — more than just ‘an analytics person’ Colin Bristow March 17, 2017: Part 504 of the US Department of Financial Services Superintendent’s Regulations seems to be significantly upping the requirements for firms to put in place an ongoing review...
Banking

Deutsche Bank fined for laundering $10 billion for Russians

The German bank has been hit with a $629 million penalty in the US and UK IFM Correspondent February 1, 2017: Germany’s Deutsche Bank has been hit with a $629 million penalty in the US and UK over a $10 billion money laundering scheme that involved its branches in Moscow, New York and London. The...