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May 30, 2022: New OFSI Russia General Licence

OFSI General Licence – Russia OFSI has issued General licence – INT/2022/1875276 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019.  Under General licence INT/2022/1875276, business operations involving the provision of Civilian Telecommunication Services that include ZAO TransTeleCom Company, can continue subject to the conditions contained in the licence. The licence also permits […]

Swiss missed: FINMA blocks new business at Gazprombank

FINMA concludes Panama Papers proceedings against Gazprombank Switzerland The Swiss Financial Market Supervisory Authority FINMA has identified serious shortcomings in anti-money laundering processes regarding private clients at Gazprombank (Switzerland) Ltd. The bank failed to carry out adequate economic background clarifications into business relationships and transactions with increased money laundering risks. […]

News of the 99.9%

At the ACAMS conference in Las Vegas at the end of September, they interviewed Ryan Chittum, a reporter from the International Consortium of Investigative Journalists (ICIJ) who had been involved in publicizing the Panama Papers leak. They had been provided the leaked documents by Suddeutsche Zeitung, who had been the initial recipient. […]