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Growth of initial coin offerings spark money laundering fears
Monday, 26 February 2018Nesrin ErcanAverage rating
Switzerland’s Financial Market Supervisory Authority (FINMA) has issued a set of guidelines which support the issuing of initial coin offerings but at the same time seeks to ensure that anti-money la ...
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Maritime piracy and armed robbery reaches 22-year low, says IMB report
Tuesday, 09 January 2018Josh LamorenaAverage ratingLondon, 10 January 2018 - A total of 180 incidents of piracy and armed robbery against ships were reported to the International Chamber of Commerce’s (ICC) International Maritime Bureau (IMB) in 2017 ...
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AI money laundering and banks
Wednesday, 22 November 2017Nesrin ErcanAverage rating
There are further indications that banks and financial institutions are moving towards using artificial intelligence (AI) to tackle financial crime and boost their anti-money laundering operations.
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4 takeaways from the IMB’s latest global piracy report
Monday, 16 October 2017Josh LamorenaAverage rating
London, 17 October 2017 – A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce's (ICC) ...
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Senior Managers and Certification Regime to extend to all financial services firms
Friday, 18 August 2017Nesrin ErcanAverage rating
The UK’s Financial Conduct Authority (FCA) late last month published proposals to extend the Senior Managers and Certification Regime (SMCR) to almost all financial services firms. The new regime wil ...
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Second quarter report reveals 87 incidents of maritime piracy in first half of year
Monday, 03 July 2017Josh LamorenaAverage rating
London, 4 July 2017 – Continuing decline in the number of reported incidents of maritime piracy and armed robbery against ships has been revealed in the second quarter piracy report of the ICC Intern ...
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Financial advisers warned as cyber attacks get more sophisticated
Wednesday, 07 June 2017Nesrin ErcanAverage rating
The key message following the aftermath of the WannaCry ransomware cyber attack which infected more than 230,000 computers in over 150 countries is clear: financial advisers and firms cannot afford t ...
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BASCAP releases IP reference tool for businesses and policymakers
Wednesday, 17 May 2017Nesrin ErcanAverage rating
ICC's Business Action to Stop Counterfeiting and Piracy (BASCAP) has again stressed the need for dialogue between the various groups involved in IP value and distribution chains to accelerate the dev ...
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Maritime piracy report sees first Somali hijackings after five-year lull
Thursday, 04 May 2017Nesrin ErcanAverage ratingLondon and Kuala Lumpur, 4 May 2017 – Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more than the same period last year, according to th ...
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Banks and financial firms get £1.2 billion discount on fines
Monday, 03 April 2017Nesrin ErcanAverage rating
Banks and financial firms have received discounts of £1.2 billion on fines imposed by the UK Financial Conduct Authority (FCA) in the last four years, recently released data by the think-tank New Cit ...
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