MONEY LAUNDERING Archives - The Compliance Lady

UAE goes after Lawyers, Accountants, and Enablers for non-compliance with AML regulations

August 22, 2023August 28, 2023The Compliance Lady

In a landmark development, the UAE’s Ministry of Economy made a resounding statement by suspending 50 Designated Non-Financial Businesses and Professions (DNFBPs) and imposing fines on 29 others.…Continue readingUAE goes after Lawyers, Accountants, and Enablers for non-compliance with AML regulations

Charter Flights Executive Aviation MONEY LAUNDERING

10 AML Risks Associated with the Private Jets Industry

August 18, 2023August 22, 2023The Compliance Lady

Beyond the allure of exclusivity associated with private jets, lies a dark underbelly, not immediately visible to the compliance officer. Here are 10 AML risks associated with the private jets industry: Compliance officers can remain diligent…Continue reading10 AML Risks Associated with the Private Jets Industry

Grand Corruption Guinea Mining MONEY LAUNDERING SEC

Rio Tinto Dirty Laundry: T-Shirts & Bribery

March 7, 2023August 28, 2023The Compliance Lady

The SEC has brought charges against Rio Tinto plc, the UK- Australia mining giant, for violating the Foreign Corrupt Practices Act (FCPA) due to a bribery scheme with a consultant in Guinea. As part of the settlement for the SEC’s charges, Rio Tinto will pay a $15 million civil penalty.…Continue readingRio Tinto Dirty Laundry: T-Shirts & Bribery

FATF MONEY LAUNDERING Morocco

Morocco’s anti-money laundering efforts pay off as it exits FATF’s “grey list”

February 24, 2023The Compliance Lady

Great news for Morocco! The country has just been taken off the Increased Monitoring process, also known as the “grey list,” by the Financial Action Task Force (FATF) after a unanimous vote from its members during…Continue readingMorocco’s anti-money laundering efforts pay off as it exits FATF’s “grey list”

Banking FCA MONEY LAUNDERING

The dark side of London’s finance: UK Banks & Money Laundering

February 10, 2023August 23, 2023The Compliance Lady

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Automotive Foreign bribery France Middle East MONEY LAUNDERING Oman UAE

Carlos Ghosn and his Oman Pot of Gold- First Arrest made in UAE

November 29, 2022August 23, 2023The Compliance Lady

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