The Isle of Man Department of Economic Development (DED) has announced that the Isle of Man recently hosted delegates from the European Business Register and the company registries of a number of jurisdictions, including the United Kingdom (UK) and Crown dependencies, at the recent Common Law Companies Registry Workshop that was themed "Transparency and Trust".
The United Kingdom (UK) Financial Conduct Authority (FCA) has made available Ensuring the UK remains open for business - requirements for foreign-owned firms (13 November 2013), a speech delivered by FCA supervision director Clive Adamson at the Association of Foreign Banks, London.
United Kingdom (UK) Prime Minister David Cameron has made available his speech delivered at the Open Government Partnership Summit 2013 on 31 October 2013, in which he states that the UK government intends to create a publicly accessible central registry of information on beneficial ownership.
The United States (US) Department of Justice (DoJ) has announced that Costa Rica-registered digital currency company Liberty Reserve SA (Liberty Reserve) co-founder Vladimir Kats has pleaded guilty to "money laundering and operating an unlicensed money transmitting business".
The United States (US) Department of Justice (DoJ) has announced that New York City-based cheque-cashing firm Belair Payroll Services Inc (Belair) and its owner Craig Panzera have pleaded guilty for breaching the Bank Secrecy Act (the BSA) by "failing to follow reporting and [anti-money laundering (AML)] requirements for more than [US]$19 million in transactions".
Japan-based Mizuho Financial Group Inc (MHFG) has announced the retirement of its managing director, its executive officer and its subsidiary Mizuho Bank Ltd's (Mizuho) chairperson, and numerous penalties for MHFG and Mizuho senior management personnel and executive officers following its receipt of the findings of an independent investigation into Mizuho's lending practices in relation to organised crime syndicates known as yakuza and referred to as "anti-social forces" or "elements".
The United States (US) House of Representatives (House) Committee on Financial Services' Democratic Party staff (the Committee - Democrats) have announced that they introduced two new Anti-Money Laundering bills into the House on 23 October 2013.
The Central Bank of Ireland (the Central Bank) has reprimanded and imposed a fine of €50,000 on insurance firm AXA MPS Financial Ltd (AXA) for two breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act No. 6 2010 (the Act).
United States (US)-based banking firm JP Morgan Chase & Co (JP) is conducting an internal review of its commercial-lending clients in a move that is expected to result in a scaling back of JP's lending to companies classified as posing a higher risk of money laundering or fraud, such as pawn shops, payday lenders, cheque cashers and some car dealers.
The Central Bank of Cyprus has announced that it will publish online the details of fines imposed on credit, payment and electronic money institutions for breaches of:
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