World Money Laundering Report Volume 10 No. 3
World Money Laundering Report Volume 10 No. 3 is published today.
It is available for free download (PDF) for until 4 July 2011.
For your free download please see wmlro.com.
In this issue:When lawyers are paid in cash
It used to be argued that lawyers were entitled to keep their clients' secrets over cash payments and that provided good consideration was given for those moneys, the lawyer was not liable as a money launderer. Neither position now holds water.
New Zealand's FMA issues risk assessment guidelines
New Zealand's recent counter-money laundering law has much in common with that of Australia. The inevitable deluge of explanatory notes and guidelines has begun.
US v Goyal: prosecutors tried "to stretch criminal law beyond its proper bounds," says Court
The long-running trial of the former CFO of Network Associates, a large computer software company, has concluded with the Court telling prosecutors that it is fed up with attempts to continuously expand the provisions of laws. This could be one of the most important white collar crime cases for a very long time.
New Cash Reporting Requirements: UAE
The UAE changes its the reporting on cash carried across borders. But it does not do as expected.
UK: Plus ça change, says angry FSA
What have UK banks learned since the FSA harangued them after the Abacha débâcle a decade ago? In the case of private banking and Politically Exposed Persons, surprisingly little, the FSA says.
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