Monday 22 December 2014
 
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money laundering

StanChart readies to close thousands of UAE accounts

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement. &quo

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StanChart looking to sell part of UAE business

Standard Chartered is aiming to sell part of its business in the UAE after it agreed to close some accounts there in an anti-money laundering settlement with U.S. authorities, two sources familiar with the plan said. Under the set

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Bahrain sees spike in ‘dirty money’ transactions

A spike in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain in the first half of this year, a report said. When compared with the same period last year, authori

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StanChart to scour records for money laundering

Standard Chartered will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources

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EastNets ranked among top technology providers

EastNets, a leading global provider of compliance and payments solutions and services, has been ranked 38th in the top 100 risk technology providers in the world by Chartis 2014 RiskTech100, a comprehensive and prestigious study.

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Bitcoin VP charged with laundering

The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital currency, has been charged by US prosecutors with conspiring to commit money laundering by helping to funnel cash to illicit online drugs bazaar Sil

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JPMorgan to pay $1.7bn to settle Madoff case

JPMorgan Chase & Co will pay $1.7 billion to settle US charges it violated laws requiring banks to monitor customer activity for money laundering in its handling of accounts of convicted Ponzi-schemer Bernard Madoff, authorities said on Tues

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HSBC $1.92bn money-laundering payoff approved

A federal judge has approved HSBC Holdings record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

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HSBC $1.92bn money-laundering payoff approved

A federal judge has approved HSBC Holdings record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

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Fed orders Citi to improve money laundering checks

  The Federal Reserve has ordered Citigroup to better police for the risk of money laundering, part of a broad US regulatory crackdown on the potential for illicit money flows.   The Fed told Citigr

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