Gong Hey Fatt Choi.
20. January 2012
It's the last working day before Chinese New Year. So we're off for a few days. See you on 27 January. And may the Year of the Dragon bring peace and prosperity to all our readers. |
Sanctions: OFAC Update 20120119
20. January 2012
19 January 2012. Additions to the Drugs Kingpin section of the OFAC list |
AML/CFT: KYC/CDD requirements contribute to Peacocks failure
19. January 2012
If there were two retail chains that seemed ideally positioned to handle a recession, it would have been Woolworths and Peacocks. Neither were bottom-feeders but both aimed to provide good quality product at affordable prices. Woolworths failed with the UK's largest number of redundancies. Now, Peacocks has been pushed into administration. Amongst the factors that stalled a rescue were counter-money laundering requirements. And it raises issues as to counter-parties. |
AML/CFT: UK's FSA adds money laundering charges to insider trading charges
18. January 2012
The UK's Financial Services Authority is showing its teeth. In an insider trading case against Richard Anthony Joseph, it has added charges of money laundering. |
Warnings: USA - SEC - Unregistered soliciting entities
18. January 2012
The USA's Securities and Exchange Commission has listed entities which purport to be authorised to issue or trade in securities in the USA. The full list is below. |
FinTech: The hidden cost of a major IT security breach
18. January 2012
What would your company do if it found that a hacker had accessed millions of customers' accounts? On-line retailer Zappos.Com has adopted a strategy that may be the most radical yet. It is certainly amongst the most costly - and has the potential to backfire. |
