Search results “Money laundering methods trends”
Top 5 Money Laundering Facts
There's a lot of dirty money out there, and an entire underground industry dedicated to scrubbing it clean. Welcome to WatchMojo's Top 5 Facts. In this installment, we're counting down the 5 most interesting facts about the illegal, yet tantalizing world of money laundering. Suggestion Tool►►http://www.WatchMojo.com/suggest Subscribe►►http://www.youtube.com/subscription_center?add_user=watchmojo Facebook►►http://www.Facebook.com/WatchMojo Twitter►►http://www.Twitter.com/WatchMojo Instagram►►http://instagram.com/watchmojo Channel Page►►http://www.youtube.com/watchmojo Special thanks to our user Christo for submitting the idea using our interactive suggestion tool at http://www.WatchMojo.com/suggest Want a WatchMojo cup, mug, t-shirts, pen, sticker and even a water bottle? Get them all when you order your MojoBox gift set here: http://watchmojo.com/store/ WatchMojo is a leading producer of reference online video content, covering the People, Places and Trends you care about. We update DAILY with 4-5 Top 10 lists, Origins, Biographies, Versus clips on movies, video games, music, pop culture and more!
Views: 437840 WatchMojo.com
Top 10 Money Laundering Schemes in Movies and TV Shows
Too much money can actually be a problem. Welcome to WatchMojo.com, and today we’re counting down our picks for the top 10 money-laundering schemes in movies and TV. Check us out at http://www.Twitter.com/WatchMojo, http://instagram.com/watchmojo and http://www.Facebook.com/WatchMojo If you want to suggest an idea for a WatchMojo video, check out our interactive Suggestion Tool at http://www.WatchMojo.com/suggest :) We have T-Shirts! Be sure to check out http://www.WatchMojo.com/store for more info. WatchMojo is a leading producer of reference online video content, covering the People, Places and Trends you care about. We update DAILY with 2-3 Top 10 lists, Origins, Biographies, Versus clips on movies, video games, music, pop culture and more!
Views: 568562 WatchMojo.com
Canada Focus: Update on Emerging Trends in AML & Financial Crime
Terrorist violence at home and news that dozens of Canadians have gone abroad in support of extremist activities have given new urgency to AML/CTF issues in Canada. This webinar takes a deep dive into these and other topics, and previews the cutting-edge analysis you’ll get on innumerable urgent issues at the ACAMS 3rd Annual AML & Financial Crime Conference this upcoming June 8-9 in Toronto. (Original Broadcast Date: January 9, 2015)
AML Introduction & Stages of Money Laundering - Learn with FLIP
The video introduces you to the concept and stages of Money Laundering. A course in Anti Money Laundering Compliance - which is a critical compliance for Banks & Financial Institutions - will give you an extra edge. To know more about the program, visit https://www.learnwithflip.com/programs/financial-markets-aml-compliance
Views: 1237 FLIP learnwithflip
How Is Money Laundered?
Watch and share our latest video where we explain how money is laundered. Learn more about money laundering and fraud in general by visiting http://www.acfe.com/.
Views: 21631 TheACFE
Anti-Money Laundering - A case study
Madeleine Nyst talks to authors John Coyne and Amelia Meurant-Tompkinson about their recently released report. The report is available here: https://www.aspi.org.au/report/anti-money-laundering-case-study
Views: 1273 ASPICanberra
Money Laundering Regulations 2017 - The Key Changes with Andy Holton
Divisional Director of Publications at SWAT UK discusses the Key Changes in the Money Laundering Regulations 2017. To find out how we can help you, visit http://www.swat.co.uk
Views: 6468 SWAT
AML - Anti Money Laundering explained | By Diana Elrafei
By Diana Elrafei https://www.linkedin.com/in/diana-elrafei-245853145/ Introduction to Anti Money Laundry, what is it? what are the 3 different stages ( placement, layering , integration ) , and usual sources of dirty money ( drugs , weapons , prostitution and terrorism )
Views: 58094 Hesham Elrafei
Recent trends in counter terrorist financing - Sibos 2016
Terrorists have become increasingly adept at using the Internet and social media to gain and monetise support. Regulators and the industry are working together to prevent terrorist groups from using the global financial system for illicit purposes. What are the latest trends in Counter Terrorist Financing (CTF)? Are there standardised, cost-effective methods of choking off the financial lifeblood of terrorist organisations without drowning the industry in additional regulation, imposing financial harm on innocent parties, or raising data privacy concerns?
Views: 1518 SibosTV
Tim Bennett Explains: Money Laundering - How the world's biggest financial crime affects you
The UK is a huge target for criminal funds according to Transparency International. This week I look at what that means for firms and their clients.
Views: 25532 Killik & Co
Detecting Fraud & Anti-Money Laundering (AML) Violations In Real-Time
Fraudsters and money launderers are more adept than ever at escaping the detection of traditional fraud and AML solutions. Over the past 12 months, 63% of businesses have experienced the same or more fraud losses compared to the previous period (2018 Global Fraud and Identity Report, Experian). Ecommerce businesses are incurring high losses with credit card chargeback fraud alone. Telecom providers are struggling daily to sift through calls to find phone scam criminals. The banking industry is suffering hundreds of billions of dollars in costs thanks to new, complex AML compliance requirements. Relational database and earlier generations of graph database vendors such as Neo4j and DataStax have struggled to provide a real-time solution due to the size and intricacy of the problem. Real-time deep link analytics powered by a highly scalable graph database is addressing these challenges for some of the largest corporations in the world including Alipay, Visa, Uber, China Mobile and SoftBank. Join us as we discuss how to: - Minimize fraud with faster detection using deep link analytics - Modernize your AML process with case studies across multiple industries - Get fewer false positives in your fraud detection workflow Speakers: Victor Lee, Director Product Management, TigerGraph Gaurav Deshpande, VP Marketing, TigerGraph
Views: 2279 TigerGraph
Anti-Money-Laundering, Counterterrorism Financing and Financial Crime
Anti-Money-Laundering, Counterterrorism Financing and Financial Crime: The Critical Role of Financial Institutions and How It Affects You Talk by Hue Dang ’92, Head of Asia for the Association of Certified Anti-Money-Laundering Specialists. Media coverage in the last several years of financial penalties against global banks such as BNP Paribas ($8.9 billion) or HSBC ($1.92 billion) for money-laundering and sanctions violations—to name just a few examples—highlights the increasing risks to banks as they conduct their normal business. We now live in an era of international money-laundering controls. The terrorist attacks of Sept. 11, 2001, revolutionized the anti-money-laundering (AML) field and brought into stark relief the threat of the movement and disguising of funds destined for the support of terrorism throughout the world, introducing a whole new effort to combat the financing of terrorism (CFT). As a result of the governmental reaction in virtually all countries, banks, non-bank financial institutions and nonfinancial businesses face tougher national and international legal requirements and harsher penalties than ever before. By the same token, the regulators of those businesses, law-enforcement agents and prosecutors also face greater challenges and responsibilities in their work. The discussion of what this means to you will include the economic and social consequences of money laundering; the latest regulatory developments in the U.S., Asia and Europe; challenges in effective AML/CFT implementation; and key lessons learned from recent cases. Presented by the Class of 1992.
Views: 52806 AmherstCollege
Top trends in export finance 2019
What are the top export finance trends of 2019? From an increasing appetite for deals in developing markets to embracing sustainability, our resident experts articulate it all to the backdrop of a sublime time-lapse cartoon sketch. Enjoy! Discuss these hot topics with C-Level industry representatives at the flagship export finance event: TXF Global 2019 in Berlin this 12 - 14 June. Check out the headliners and agenda online here https://lnkd.in/gZY253Z
Uber and Lyft accounts hacked in money laundering scheme
We investigate the growing trend of "Ghost Rides" where hackers are using your rideshare account, along with a stolen credit card, to turn dirty money into clean money. https://on.11alive.com/2DR4rZn
Views: 1558 11Alive
What is Anti Money Laundering | PMLA | FIU-IND ?
Namashkar Dosto, iss video main meine Anti Money Laundering, PMLA, FIU-INDke bareme baat ki hai. India main money laundering kiss tarah se ki jati hai aur use rokhneke liye Indian Govt. kya kuch kar raai hai yeh sari batein meine iss video main aapse share ki hai. Mujhe ummed hai, Anti Money Laundering | PMLA | FIU-IND ko lekar banayi ye detailed video aap sabhi ko pasand ayegi. Share, Support, Subscribe!!! Facebook : https://www.facebook.com/bankinguruji Google+ : https://goo.gl/Khz0o5 Twitter : https://twitter.com/bankinguruji Instagram :https://www.instagram.com/bankinguruji Disclaimer : The information provided on this channel and its videos are for general purposes only. All opinions expressed here are my own & am not compensated by any financial institution for this.
Views: 24363 Banking Guruji
AML KYC certification preparation strategy and hacks, tips
Views: 114876 saleem p
Trade Finance Risks
Check out the full course at https://www.knowledgecity.com/en/library/10201/banking/trade-finance/course/trade-finance-basics. Financial crime risks in trade finance exist in various forms. Historically, fraud has been the main risk in trade finance; nowadays, the financial crime risk profile has changed. Banks can mitigate the threat to their business and reputation by implementing best practices to help avoid problems in trade finance. Course Lessons Welcome Introduction Trade Finance Basics Market Statistics and The Global Economy GDP & Trade Growth Correlations Effects of the Exchange Rate Benefits of Free Trade The Roles and Responsibilities of Banks Trade Finance Risks Reviewing Transactions Trade-Based Money Laundering “Red Flags” The Future of Trade Finance The Technology Sector Trends How Trade Benefits Developing Countries Conclusion https://www.knowledgecity.com | Online Employee Training Platform. KnowledgeCity offers 12,000+ online video tutorials in Business, Computer, Safety, Compliance, and Finance. Subscribe to our YouTube Channel: https://www.youtube.com/user/knowledgeocity?sub_confirmation=1 Check our Blog: https://goo.gl/q47XKK Connect with KnowledgeCity! Twitter: https://goo.gl/wToC6s Facebook: https://goo.gl/3eMEq9 LinkedIn: https://goo.gl/vg1aXt Google+: https://goo.gl/Gjkffm
Views: 540 KnowledgeCity
How cash is becoming a thing of the past | DW Documentary (Banking documentary)
Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm. But Germany’s central bank and government are still clinging on to cash. Can they stop the move towards a cashless society? Our documentary shows who is behind the worldwide anti-cash lobby. Banks want to get rid of coins and bills for cost reasons, and politicians think less cash will cut the rug out from under criminals and terrorists. Central bankers want to abolish cash because it would make it easier for them to enforce negative interest rates. And digital payment companies like Paypal or Visa simply want to profit from money transactions and collect as much financial data about consumers as they can. Their aim is to gain complete control over our buying behavior. For example, the "Better than Cash Alliance" in New York is supported by financial corporations such as Visa or Mastercard. They say the more people that are integrated into the international financial system, the more growth and jobs it will promote. But as our financial behavior becomes more and more transparent, states are also using payment data to find out more about us. The ordinary citizen’s view of cash as a store of value, independent of third party interests, is being increasingly ignored. But for them, cash is and will remain a symbol of freedom. _______ DW Documentary gives you knowledge beyond the headlines. Watch high-class documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary. Subscribe to DW Documentary: https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q?sub_confirmation=1# For more documentaries visit: http://www.dw.com/en/tv/docfilm/s-3610 Instagram https://www.instagram.com/dwdocumentary/ Facebook: https://www.facebook.com/dw.stories DW netiquette policy: http://www.dw.com/en/dws-netiquette-policy/a-5300954
Views: 822276 DW Documentary
Money laundering
Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets. However in a number of legal and regulatory system the term money laundering has become conflated with other forms of financial crime, and sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies such as bitcoin, credit cards, and traditional currency), including terrorism financing, tax evasion and evading of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system. Money obtained from certain crimes, such as extortion, insider trading, drug trafficking, illegal gambling and tax evasion is "dirty". It needs to be cleaned to appear to have derived from non-criminal activities so that banks and other financial institutions will deal with it without suspicion. Money can be laundered by many methods, which vary in complexity and sophistication. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 7868 Audiopedia
Rearming Compliance Policies to Fight New Forms of Threat Finance
The session “Rearming Compliance Policies to Fight New Forms of Threat Finance” was featured at the ACAMS 15th Annual AML and Financial Crime Conference in Las Vegas on September 27, 2016. A panel of public sector experts provided an insightful discussion on the financial patterns common to San Bernardino and European attackers that aid “small cell” detection, CTF protocols to intercept potential black market transactions in natural resources or antiquities by violent extremist organizations (VEO), and emerging trends involving social media and new payment systems to identify methods for containing potential risks.
What is Money Laundering In Foreign Exchange Business | Tani Forex Basics Information Urdu Tutorial
Foreign exchange business is one of the biggest and easy business of the world. In this tutorial information about money laundering and rules of Forex trading brokers. Money laundering is possible in online Forex trading business? if yes then how? if no that why. How to possible money laundering in this business. Basics Forex trading tutorial in Urdu and Hindi by Taniforex. For more information about Money laundering visit https://taniforex.com.
Views: 890 Tani Forex
Gabriel Hopkins takes a look at the fraud trends that are currently bothering bank fraud experts?
Gabriel Hopkins takes a look at some of the main trends that we are seeing in fraud at the moment. As well as looking at the European fraud trends that are currently bothering bank fraud experts he discusses the impact that fraud has on customer experience and the impact that machine learning and artificial intelligence can have on the fight against fraud.
Views: 152 FICO
Western Union Admits To Money Laundering And Is Fined $586m (The Cryptoverse #192)
**On Today's Episode Of The Cryptoverse:** Remittance giant Western Union has been fined $586 mln after admitting to money laundering and supporting fraudulent wire transfers. The penalty of $586 mln will be used as a refund for the victims of the crimes. **Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Cryptoversity Patron:** Make a regular contribution and you'll help to secure Cryptoversity's future, get unlimited access to all Cryptoversity courses as well as a private Telegram chat group where you get direct access to me: https://www.cryptoversity.com/podcast/ **Or Pay As You Go With Bitcoin Tips (Dash address on the podcast page above):** 1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT Today's episode is sponsored by Dash, the privacy focused digital currency that offers transactions with instant confirmations. It’s unique decentralised decision making and self funding system make it an ideal choice as a stable and secure digital cash. [Click here to learn more about Dash - Digital Cash](http://bit.ly/2f99G7b) **Sources:** [Cryptocurrency Prices Provided by CoinMarketCap.com](http://coinmarketcap.com/) [The Bitcoin Price Chart Provided by BitcoinWisdom.com](https://bitcoinwisdom.com/markets/bitstamp/btcusd) [The Original Post on The Cointelegraph](https://cointelegraph.com/news/western-union-fined-586-mln-for-money-laundering-fraudulent-transfers) Produced by Cryptoversity.com the online school for learning about Bitcoin, crypto-currencies and blockchains. https://www.cryptoversity.com
Views: 2848 The Cryptoverse
"ACAMS is Unique" - Frederick Reynolds of Barclays Bank
Frederick Reynolds is currently the Managing Director, Global Head of Financial Crime Legal at Barclays Bank. ACAMS was able to sit down and speak with Frederick during the 7th Annual AML Risk Management Conference in New York, New York. Watch as Frederick explains why ACAMS is unique for AML professionals who want to stay ahead of new trends in the AML industry. Speaker: Frederick Reynolds Where: ACAMS 6th Annual AML Risk Management Conference, New York Year: 2018 Learn more about ACAMS Conferences on our website: https://www.acamsconferences.org/
What are AML laws? Anti Money Laundering
Join the Cryptoversal world at http://www.cryptoversal.com What are AML laws and how do they relate to Bitcoin and cryptocurrency transfers? Why is identity verification and reporting important? Cryptocurrencies reviews, ICOs, exchanges, gaming sites and payment methods. All things crypto on every level!
Views: 68 Cryptoversal
Financial Action Task Force on Money Laundering
The Financial Action Task Force, also known by its French name, Groupe d'action financière, is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 the purpose expanded to act on terrorism financing. It monitors countries' progress in implementing the FATF Recommendations by ‘peer reviews’ of member countries. The FATF Secretariat is housed at the headquarters of the OECD in Paris. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 5614 Audiopedia
Role of Technology in Anti-Money Laundering in Asia
Chrisol Correia, director, global AML, LexisNexis says money launderers use sophisticated systems, including technology, to enter the financial systems. This necessitates the use of equally sophisticated technologies and techniques to combat this escalating war of money laundering.
Views: 438 Jose Allan Tan
Money Laundering 101 [Part 1]
This tutorial will explain and demonstrate the ways that US dollars can be laundered right in your sink in Mexico. Make sure to stay tuned for the next parts of this mini tutorial series. Part 2: TBA This channel's main purpose is to teach all how to money launder. Don't do this at home kids.
Views: 400 Money Laundryman
How Is Money Laundering Detected? The CIA, Drugs, Trade & Finance in Panama Day 4 Part 2 (1988)
Formed in 1989 by the G7 countries, the FATF is an intergovernmental body whose purpose is to develop and promote an international response to combat money laundering. The FATF Secretariat is housed at the headquarters of the OECD in Paris. In October 2001, FATF expanded its mission to include combating the financing of terrorism. FATF is a policy-making body that brings together legal, financial, and law enforcement experts to achieve national legislation and regulatory AML and CFT reforms. Currently its membership consists of 34 countries and territories and two regional organizations. In addition, FATF works in collaboration with a number of international bodies and organizations. These entities have observer status with FATF, which does not entitle them to vote, but permits them full participation in plenary sessions and working groups.[28] FATF has developed 40 recommendations on money laundering and 9 special recommendations regarding terrorist financing. FATF assesses each member country against these recommendations in published reports. Countries seen as not being sufficiently compliant with such recommendations are subjected to financial sanctions. In an attempt to prevent dirty money from entering the US financial system in the first place, the United States Congress passed a series of laws, starting in 1970, collectively known as the Bank Secrecy Act. These laws, contained in sections 5311 through 5332 of Title 31 of the United States Code, require financial institutions, which under the current definition include a broad array of entities, including banks, credit card companies, life insurers, money service businesses and broker-dealers in securities, to report certain transactions to the United States Treasury. Cash transactions in excess of US$10,000 must be reported on a currency transaction report (CTR), identifying the individual making the transaction as well as the source of the cash. The US is one of the few countries in the world to require reporting of all cash transactions over a certain limit, although certain businesses can be exempt from the requirement. Additionally, financial institutions must report transaction on a Suspicious Activity Report (SAR) that they deem "suspicious", defined as a knowing or suspecting that the funds come from illegal activity or disguise funds from illegal activity, that it is structured to evade BSA requirements or appears to serve no known business or apparent lawful purpose; or that the institution is being used to facilitate criminal activity. Attempts by customers to circumvent the BSA, generally by structuring cash deposits to amounts lower than US$10,000 by breaking them up and depositing them on different days or at different locations also violates the law.[56] The financial database created by these reports is administered by the U.S.'s Financial Intelligence Unit (FIU), called the Financial Crimes Enforcement Network (FinCEN), which is located in Vienna, Virginia. These reports are made available to US criminal investigators, as well as other FIU's around the globe, and FinCEN conducts computer assisted analyses of these reports to determine trends and refer investigations.[57] The BSA requires financial institutions to engage in customer due diligence, which is sometimes known in the parlance as "know your customer". This includes obtaining satisfactory identification to give assurance that the account is in the customer's true name, and having an understanding of the expected nature and source of the money that flows through the customer's accounts. Other classes of customers, such as those with private banking accounts and those of foreign government officials, are subjected to enhanced due diligence because the law deems that those types of accounts are a higher risk for money laundering. All accounts are subject to ongoing monitoring, in which internal bank software scrutinizes transactions and flags for manual inspection those that fall outside certain parameters. If a manual inspection reveals that the transaction is suspicious, the institution should file a Suspicious Activity Report.[58] The regulators of the industries involved are responsible to ensure that the financial institutions comply with the BSA. For example, the Federal Reserve and the Office of the Comptroller of the Currency regularly inspect banks, and may impose civil fines or refer matters for criminal prosecution for non-compliance. A number of banks have been fined and prosecuted for failure to comply with the BSA. Most famously, Riggs Bank, in Washington D.C., was prosecuted and functionally driven out of business as a result of its failure to apply proper money laundering controls, particularly as it related to foreign political figures. http://en.wikipedia.org/wiki/Money_laundering Image By Pen Waggener (Flickr: Economic Landscape) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Views: 14597 The Film Archives
HSBC Money Laundering Scandal: U.S. Financial System Vulnerabilities (2012)
After graduating from Stetson, Everett Stern took a position as an AML compliance officer for HSBC in their New Castle, Delaware office in October 2010, where he monitored the bank's Middle Eastern transactions. After coming across many suspicious transactions tied to terrorist groups in the Middle East such as Hamas and Hezbollah, he repeatedly alerted his supervisors, who ignored his warnings.[4] Specifically, he uncovered a multinational money-laundering network that generated millions for Hezbollah through the Lebanese brothers Ali, Husayn, and Kassim Tajideen through their Gambia-based company, Tajco Ltd.[5] After several such episodes, Stern made contact with the FBI and CIA, which began to investigate HSBC. He left work at HSBC in November 2011.[1] By the summer of 2012, the inquiry had broadened to the bank’s money laundering operations in the Middle East, Mexico, Iran, Sudan, and North Korea.[6] A July 2012 congressional report found that from 2001 through 2010, HSBC had “exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering controls.”[7] In December 2012, HSBC came to a settlement with U.S. authorities which required it to pay a record $1.92 billion fine, as well as improve its anti-money laundering controls, in exchange for a deferment of criminal prosecution for five years. https://en.wikipedia.org/wiki/Everett_Stern Money laundering has been an issue in Argentina, India, the United Kingdom, the United States and Switzerland. Following search warrants and raids beginning in January 2013, in mid-March 2013 Argentina's main taxing authority accused HSBC of using fake receipts and dummy accounts to facilitate money laundering and tax evasion.[105][106][107] On 19 July 2012, India investigated alleged violation of safety compliance, in which Indian employees were believed to be involved.[108] On 9 November 2012, Indian activist and politician Arvind Kejriwal said he had details of 700 Indian bank accounts hiding black money with a total value of ₹60 billion (US$940 million) with HSBC in Geneva.[109] In June 2013, a media outlet in India did an undercover expose where HSBC officers were caught on camera agreeing to launder "black money." HSBC placed these employees on leave pending their own internal investigation.[110] In early February 2013, appearing before UK's Parliamentary Banking Standards Commission, CEO Stuart Gulliver acknowledged that the structure of the bank had been "not fit for purpose." He also stated, "Matters that should have been shared and escalated were not shared and escalated."[111] HSBC has also been accused of laundering money for terrorist groups.[111][112] In both 2003 and 2010, U.S. regulators ordered HSBC to strengthen its anti-money laundering practices.[113] In October 2010, the United States OCC issued a Cease and Desist Order requiring HSBC to strengthen multiple aspects of its Anti-Money Laundering (AML) program. The identified problems included a once massive backlog of over 17,000 alerts identifying suspicious activity, failure to file timely suspicious activity reports with U.S. law enforcement, failure to conduct any due diligence to assess risks to HSBC affiliates before opening correspondent accounts for them, a three-year failure by HBUS from mid-2006 to mid-2009 to conduct any AML of $15 billion in bulk cash transactions from those same HSBC affiliates, failure to monitor $60 trillion in annual wire transfers by customers in countries rated lower risk by HBUS, and inadequate and unqualified AML staffing, resources, and leadership. It was noted that HSBC fully cooperated with the Senate investigation.[114] In November 2012 it was reported that HSBC had set up offshore accounts in Jersey for suspected drug-dealers and other criminals, and that HM Revenue and Customs had launched an investigation following a whistleblower leaking details of £700 million allegedly held in HSBC accounts in the Crown dependency .[115] In December 2012, Assistant U.S. Attorney General Lanny Breuer suggested that the U.S. government might resist criminal prosecution of HSBC which could lead to the loss of the bank's U.S. charter. He stated, "Our goal here is not to bring HSBC down, it's not to cause a systemic effect on the economy, it's not for people to lose thousands of jobs." https://en.wikipedia.org/wiki/HSBC
Views: 32851 Remember This
New Birthing Trend "Lotus Birth" Explained
A new birthing trend is emerging. Cenk Uygur, Ana Kasparian, and Amberia Allen, the hosts of The Young Turks, tell you why you shouldn’t do it. Tell us what you think in the comment section below. https://tytnetwork.com/join/ If you like the shirt Cenk is wearing, get one at https://shoptyt.com/ “While not the most glamorous part of child birth, the placenta being delivered is the final step in the process. Traditionally, it's discarded as medical waste, with the umbilical cord that connects it to the baby being snipped, often by an excited father. However, there's a rapidly growing birthing trend among young parents where they are delaying cutting the cord for days, letting it detach from the placenta on its own. It's called "lotus birth," and it's caught on among parents who believe it conveys remarkable, almost magical benefits to their newborns.” Read more here: https://www.attn.com/stories/17175/parents-practicing-lotus-birth Hosts: Cenk Uygur, Ana Kasparian, Amberia Allen Cast: Cenk Uygur, Ana Kasparian, Amberia Allen *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live Subscribe to The Young Turks on YouTube: http://www.youtube.com/subscription_center?add_user=theyoungturks Like The Young Turks on Facebook: http://facebook.com/theyoungturks Follow The Young Turks on Twitter: http://twitter.com/theyoungturks Buy TYT Merch: http://www.shoptyt.com Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Views: 99631 The Young Turks
Wire Transaction Red Flags & Anti-Money Laundering
Signup to our email list: http://complianceprep.com/youtube Get started with our 100% Guaranteed to pass CAMS Prep Course: http://complianceprep.com/cams-prep-course You'll get a brief foundation of what wire transaction red flags are, and what you need to know when looking to land these positions. You'll learn the process and what you need to have to give yourself a better shot at landing the position. LIMITED TIME OFFER: Get access to our KYC Training course for FREE. https://getamltraining.com/kyctraining
Views: 12946 Compliance Prep
Europe's New Mafias | People & Power
No one paid the two men much attention as they approached the bank. It was around three in the afternoon in a small French town and customers had been coming and going to the cash machine all day. If anyone spared the two a thought, they would probably have assumed they were - just like anyone else - about to withdraw some money. But then, as the men huddled together around the ATM - incidentally making it difficult for passers-by to see what they were doing - one of them opened his jacket and pulled out a rectangular steel panel. He swiftly pressed it into place over the cash machine’s keyboard (that it fitted perfectly was no accident), and then they walked away. A few moments later another customer approached the machine, slid his bank card into the slot as usual, entered his account details via the keyboard and withdrew some cash; as did several other people over the next few hours. What none of them realised, of course, was that the keypad they were using was actually a fake, which while it allowed them to take money from their accounts as normal, also recorded their PIN numbers. It was not until later that evening that a customer noticed something was wrong. One of the two men, who had been watching from a safe distance, came up quickly and offered to help. But the customer left to phone the police. As soon as his back was turned, the two men moved in to dismantled the fake keyboard as rapidly as they has installed it and then left once more. As it turned out, the two men involved in this particular episode had not been as unobserved as they thought, because a hidden CCTV surveillance camera was recording their every move. When examined by the police later on, the footage would be added to a pile of evidence they were accumulating to prosecute a group of people involved in the systematic and industrial scale theft of PIN numbers and bank account details - details that were being used to clone fake bank cards and strip accounts of millions of Euros. What came as no surprise to the police was that the two men were from Eastern Europe. These days many of their suspects are. Though this was just one small incident, it was actually part of a much wider trend of organised crime emanating from gangs in Romania, Georgia, Ukraine, Russia and elsewhere, which over the last decade has been giving law enforcement an increasingly serious headache. These new mafias have their fingerprints on all sorts of criminal activity - from bank card fraud, robberies and extortion to prostitution, arms dealing and money laundering - with most of the proceeds destined for the crime bosses back east. The problem for police in countries such as France, Germany and the UK is that while they might be able to catch and put away some of the gangs' small -time foot soldiers, it is much more difficult to go after the powerful godfathers in Moscow or Kiev or Tbilisi. So what is behind this spread of mafia-style criminal activity from East to West? Who are the bosses and godfathers pulling the strings? And how exactly do they operate? French filmmakers Jerome Pierrat and Barbara Conforti went behind the scenes to find out. They meet police and investigators, gangsters and crime bosses in Georgia, Romania, and the Ukraine, including some of the infamous vory v’zakone’ (which translates to: 'thieves in law’) - a loose association of organised criminals that originated in the gulags or labour camps of the Soviet era. In Georgia they hear how the authorities, increasingly alarmed at the power and influence of the vory in everyday life, managed to take them on and force them out. One of the reasons why Eastern European crime has spread to the West is because of increasingly difficult operating conditions at home. In Craiova, Romania, where the local mafia has made good use of the skills of the country’s unemployed IT technicians to develop sophisticated methods for cloning bank cards, they meet the gang lord who fell out with his fellow godfathers when he killed one of them during a poker game. The film gives a fascinating glimpse into an ever-changing criminal underworld, with its own strange rules, in which people who lie, cheat, steal, manipulate, extort and kill for a living, still subscribe to their own perverse honour code. - Subscribe to our channel http://bit.ly/AJSubscribe - Follow us on Twitter https://twitter.com/AJEnglish - Find us on Facebook https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 1359813 Al Jazeera English
Bitcoin ATM's Could Be Coming To A Gas Station Or Vape Store Near You (HBO)
When bitcoin's price skyrocketed last year, suddenly a bunch of people wanted to get in on the action but didn't know how. But the currency's shady origins and digital only echo-system isolated it from a whole swath of interested investors. Soon start-ups set about trying to bridge the gap between the digital and physical world, and a few stumbled on a common contraption: The ATM. Today, Bitcoin's price is well below it's historic high, but interest in the currency remains strong, and companies are trying to bring it to more investors. Brandon Mintz is the CEO of Bitcoin Depot, an Atlanta company that distributes Bitcoin ATMs across the country. Machines like his are the only places where you can use paper money to purchase digital currency. Mintz’s Atlanta-based company operates Bitcoin ATMs across the country. The machines are the only places where you can use paper money to purchase digital currency. There’s no wait time like there is online, where an exchange can take weeks to verify your identity and banking information. All you have to do is enter your name, phone number, and scan a photo ID if your purchase is more than $2,000. There are now more than 3,000 according to Coin ATM Radar, a website that maps them. But in the U.S., there is almost no federal or state monitoring of Bitcoin ATM transactions — which makes it hard to get a clear picture of who is feeding cash into these machines and why. So far, New York is the only state that requires Bitcoin ATM operators to have a license. Companies like Bitcoin Depot self-report suspicious activity to the Financial Crimes Enforcement Network, a bureau within the U.S. Treasury Department created to, “determine emerging trends and methods in money laundering and other financial crimes.” But they do so without independent oversight. In a statement to VICE News, Bitcoin Depot said, “Bitcoin Depot has outstanding compliance policies and strives to go above and beyond all know your customer (kyc) and monitoring requirements at its ATMs.” The ATMs themselves cost as much as $10,000, compared to a few thousand for a regular ATM. Some let you sell Bitcoin and take cash out; most don’t. Mintz estimates that his customers put tens of millions of dollars into his machines every year. Host stores can expect to make an average of a few hundred dollars a month. Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Check out VICE News for more: http://vicenews.com Follow VICE News here: Facebook: https://www.facebook.com/vicenews Twitter: https://twitter.com/vicenews Tumblr: http://vicenews.tumblr.com/ Instagram: http://instagram.com/vicenews More videos from the VICE network: https://www.fb.com/vicevideo
Views: 42324 VICE News
Money laundering: How trusted professionals can help law enforcement
Deceiving or corrupting trusted professionals is essential for a criminal to successfully launder the proceeds of crime. Accountants and solicitors can help stop criminals from furthering their illegal operation. If you suspect money laundering please complete a Suspicious Activity Report: http://www.nationalcrimeagency.gov.uk/about-us/what-we-do/economic-crime/ukfiu/the-sars-regime
Assessing the Money Laundering and Terrorist Financing Risks of Emerging Payment Technologies
Evangeline Ducas, FINTRAC Presented at SERENE-RISC Workshop 2017, April. Rapid advancements in financial technology – or “fintech” – are quickly changing the way we use and think about money. This includes both the use of technologies outside of the traditional regulated financial system, such as cryptocurrencies, and the financial innovations developed by banks, such as mobile wallets. This talk will provide a high level overview of FINTRAC’s mandate as it pertains to understanding the money laundering and terrorist financial risks associated with these new technologies. It will focus specifically on the vulnerabilities of cryptocurrencies to abuse for money laundering and terrorist financing, as well as the investment and experimentation in distributed ledger technologies across the formal financial sector.
ThetaRay Financial Crime Solutions
ThetaRay’s advanced analytical solutions operate at scale, precision and speed to manage risk more effectively, detect money laundering schemes and fraud, expose bad loans, uncover operational issues, and reveal valuable new growth opportunities.
Views: 870 ThetaRay
What is BSA and AML compliance?
Join the Cryptoversal world at http://www.cryptoversal.com What does Anti Money Laundering mean? What is BSA? Why do banks have to follow BSA AML regulations? Cryptocurrencies reviews, ICOs, exchanges, gaming sites and payment methods. All things crypto on every level!
Views: 549 Cryptoversal
Why You Can't Buy A Home In Vancouver | How Money Laundering Increases Real Estate Prices
Money Laundering in Vancouver Real Estate | How It Increases Real Estate Prices #moneylaundering #vancouver #realestate ★☆★BONUS FOR A LIMITED TIME★☆★ You can download Gary Wong's best-selling book here: https://book.garywongrealty.com/free-book ★☆★ SUBSCRIBE TO GARY'S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCitJ8dncAFAdLBu4VxD_iYw?sub_confirmation=1 Check out these Top Trending Playlist: 1.) Money Secrets - Real Estate, Stocks, & More - https://www.youtube.com/playlist?list=PLvD1jBQFC2hJ9Qlk9Xod1x-lFkYOgNTMX 2.) Vancouver Real Estate Investing - https://www.youtube.com/playlist?list=PLvD1jBQFC2hKI24F_Yb43YL9LiN3S-1Co 3.) Vancouver Real Estate Selling Tips - https://www.youtube.com/playlist?list=PLvD1jBQFC2hLv21Q5i8Y7VFEtx1J1U8u6 Gary Wong is the author of "The Book on Vancouver Real Estate" and the owner of Vancouver's Top Real Estate Youtube Channel www.VancouverRealEstateTV.com. As an award-winning Realtor, Gary helps investors build short term wealth through buy and flip strategies and helps them build long term wealth through buy and hold and various cash flow strategies. Gary regularly advises his developer and investor clients in matters of structuring, negotiation, implementation, sales and acquisitions. His long term Real Estate Acquisition Formula has helped his clients from all walks of life to establish real estate portfolios to meet their long term financial goals. Known for his creative, unconventional and outside of the box marketing methods, he is paving the way for a new standard in the industry. His goal has always been to add massive value through educating and consulting with his clients for the purpose of building lifetime client relationships. ★☆★ CONNECT WITH GARY ON SOCIAL MEDIA ★☆★ Website: http://www.GaryWongRealty.com Blog: http://www.GaryWongRealty.com/blog/ Podcast: https://itunes.apple.com/us/podcast/vancouver-real-estate-show/id1409319331?mt=2 Twitter: http://twitter.com/GaryWongRealty Instagram: https://www.instagram.com/GaryWongVancouver/ YouTube: https://www.youtube.com/GaryWongRealty Linkedin: http://ca.linkedin.com/in/garywong2 Facebook: http://www.facebook.com/profile.php?id=815730614 ★☆★ NEED REAL ESTATE ADVICE? ★☆★ Request a call with Gary: https://clarity.fm/garywongvancouver ★☆★ MY BOOKS & RESOURCES: ★☆★ The Book On Vancouver Real Estate: https://www.amazon.ca/Book-Vancouver-Real-Estate-PROFIT/dp/1514381346
Views: 260 Gary Wong Realty
Anti-Money Laundering and Counter Financing of Terrorism
Ramesh Chander, Syracuse University Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) is the mechanism by which the governments and administrations all over the world deal with the menace of converting dirty money earned from illegitimate means into white, thus preventing its integration into the mainstream economy. This also prevents terrorist activities by aligning the country’s laws with the standards set by set by FATF (Financial Action Task Force). Peer to Peer speaker Ramesh Chander will discuss the institutional, legal, enforcement and administrative and some of the recommendations of the FAFT. About the speaker: Ramesh Chander is a CAS in Public Administration candidate and was most recently a Director in the Department of Revenue for the Government of India. He has spent 20 years in public service as an Indian Revenue Service officer. He wishes to gain new practices in public administration and is also interested in conflict resolution and negotiation. Mr. Chander earned an MA in Public Policy and Sustainable Development from TERI (Energy & Resources Institute) in New Delhi.
Bank Secrecy Act
This presentation has been prepared by FDIC staff to provide directors of community banks with an overview of current BSA/AML and OFAC requirements.
Views: 7028 FDICchannel
Global Task Force Swings Its Mighty Regulation Hammer At Bitcoin & Cryptocurrencies
The Financial Action Task Force is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. Its objectives are to "set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system." In today's video, we discuss some quite significant directives that have just been released by the FATF, which has some exchanges reeling at how they are going to manage to comply. Check out Independent Reserve, our sponsor! https://www.independentreserve.com/ 🔮 Our Brand New Course: Cryptocurrency Trends for 2019 https://www.udemy.com/the-ultimate-guide-for-cryptocurrency-trends/?couponCode=VIPSTUDENT ✅ Our Free Cryptocurrency Investment Fundamentals course https://www.udemy.com/buying-and-investing-in-cryptocurrencies-for-australians 💃🏼 🕺🏼 Need help with crypto wallets or some one-on-one support? Check out our services! https://cryptocurrencyaus.com/services/ 📰 Stay in the loop with our free Newsletter https://cryptocurrencyaus.com/Newsletter You can now tip us with Lightning ⚡️ https://tippin.me/@Cryptos_Aus ⛓ Links https://www.bloomberg.com/news/articles/2019-06-11/crypto-exchanges-are-facing-biggest-regulatory-hurdle-yet http://www.fatf-gafi.org/publications/fatfrecommendations/documents/regulation-virtual-assets-interpretive-note.html http://www.fatf-gafi.org/countries/#FATF https://www.fatf-gafi.org/home/ 🐨 Cryptocurrency Australia Official Site https://cryptocurrencyaus.com/ ✌🏼 Our socials Twitter https://twitter.com/Cryptos_Aus Instagram https://instagram.com/cryptocurrency_australia Facebook https://www.facebook.com/CryptoAustraliaMedia/ Reddit https://www.reddit.com/r/Crypto_Australia/ Pinterest https://www.pinterest.com.au/CryptocurrencyAustralia/ Linkedin https://www.linkedin.com/company/cryptocurrency-australia-media/ ✅ Our Free Cryptocurrency Investment course http://cryptocurrencyaus.com/Fundamentals-course 🔐 My hardware wallet is a Nano Ledger S http://cryptocurrencyaus.com/ledger 🔑 I also use the Trezor Hardware Wallet http://cryptocurrencyaus.com/Trezor 📩 For CCA Media business enquiries, please contact us at https://cryptocurrencyaus.com/contact/ 🔳 For Blockchain Project Consulting; https://www.blockchainmgtsolutions.com/ 🙏🏼 We are grateful for any BTC donations which help support us. 31tbpRhJFLuWnzAk6kVnNnDUcBrigLHsNt #Bitcoin #FATF #Regulation 📜 Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Cryptocurrency Australia Media, or the author, may have holdings in the cryptocurrencies discussed. Liability limited by a Scheme Approved Under Professional Standards Legislation.Referrals and affiliate links do earn us commissions but they are products or services we personally use and would not endorse if we did not believe in them.
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Views: 7979 Open4Profit
ERPIC - AML Principles and the Legal Profession - Klearchos A. Kyriakides, March 17, 2017
Anti-Money Laundering Principles and the Legal Profession: Some Lessons of History from England Klearchos A. Kyriakides Director, ERPIC Democracy & Rule of Law Program International Business Law Consortium March 17, 2017 According to the UK’s National Crime Agency, many hundreds of billions of pounds of international criminal money is laundered through UK banks, including their subsidiaries, each year. It is a strategic threat to the UK’s economy and reputation. The British Government has alleged that some solicitors in private praise are ‘complicit professionals’, who have engaged in serious criminal misconduct. Dr Kyriakides argues that these solicitors have failed to comply with some basic anti-money laundering principles, which are to be found in Aesop’s fables and other ancient Greek writings.
Views: 130 ERPIC
USD & Gold Forex Trend Way | Monday Friday FX Trading Plan by Tani Forex in Urdu and Hindi
Cryptocurrency, USD and Gold Forex trading strategy. Market Movement in Monday and Friday. Forex Trading Business Market plan in Urdu and Hindi by Tani Forex. For more information must visit http://taniforex.com/
Views: 1395 Tani Forex
EN ❘ The International framework of the fight against money laundering
Extract from the course. Find all of our elearning trainings on https://www.visioncompliance.ch/en/ - Swiss leader in banking compliance training. Content :The training is a presentation, through the texts, of the evolution of the fight against money laundering and the financing of terrorism. Essential notions for a good mastery of the concept of money laundering. The fight against money laundering dates back to the 1980s. From then on, States became concerned about the flow of money from illicit acts. The training begins with an explanation of the process of money laundering with its three stages. The training continues by presenting the main points of the founding texts of the fight against money laundering and then in a more detailed manner on the FATF Recommendations and the Basel Committee documents. The training concludes with a brief explanation of the FATF, the Egmont Group and the Wolfsberg Group.
Terrorist Funding – Countering Transnational Threats
This webinar examines how to apply intelligence methods to internal processes in order to effectively detect and mitigate risk in terrorist financing.
Views: 1091 lexisnexisnetwork