Topic: Anti-money laundering
José Eduardo Carneiro Queiroz: 1970 - 2020
José Eduardo Carneiro Queiroz, managing partner of top-tier Brazilian firm Mattos Filho, and considered one of the country’s sharpest minds in the banking and capital markets fields, has died unexpectedly aged 49.
24 July 2020
Singapore’s MAS seeks expanded powers
The Monetary Authority of Singapore has issued a proposal seeking new powers to regulate crypto-asset providers and cybersecurity risks, and to expand its ability to issue prohibition orders.
22 July 2020
Regulatory round-up – AML/CFT outsourcing in Singapore; naming and shaming in China; buffers in Jamaica
Singapore’s capital markets intermediaries have come under fire for their outsourcing practices for anti-money laundering/counter-financing (AML/CFT) obligations; a Chinese regulator has published a list of misbehaving bank shareholders; and Jamaica is considering introducing a counter-cyclical capital buffer.
16 July 2020
Malta mulls regulatory shakeup as ECB revokes another banking licence
Malta is considering giving its prudential and conduct regulator new supervisory and investigative anti-money laundering powers, as the ECB terminates a local bank’s licence over AML failings.
10 July 2020
Deutsche fined US$150 million over Epstein ties
New York’s state financial regulator has fined Deutsche Bank over its relationship with the late Jeffrey Epstein – the first regulatory action against a financial institution over its connections to the disgraced financier and sex offender – and to two controversial foreign banks.
08 July 2020
EU refers three states for AML non-implementation, as Basel guidelines revised
The European Commission is taking Austria, Belgium and the Netherlands to court over allegations they failed to properly implement the fourth anti-money laundering directive – as the Basel Committee introduces cooperation provisions to its AML/CFT guidelines.
06 July 2020
Chinese bank fined in Hong Kong over AML violations
Hong Kong’s Securities and Futures Commission has fined the local branch of Chinese investment bank Guotai Junan Securities for its handling of third party fund transfers, anti-money laundering breaches and wash trades.
26 June 2020
FCA punishes Commerzbank over AML failures
The UK’s Financial Conduct Authority has fined the London arm of German lender Commerzbank £37.8 million for failing to establish robust anti-money laundering controls.
18 June 2020
HSBC reports potential money laundering violations in Australia
HSBC’s Australian arm has disclosed possible anti-money laundering violations to the country’s financial intelligence agency.
21 April 2020
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