05/16/2007
Private bank fined for weaknesses in its anti-fraud systems
The Financial Services Authority (FSA) has last week fined BNP Paribas Private Bank (BNPP Private Bank) £350,000 for weaknesses in its systems and controls which allowed a senior employee to fraudulently transfer £1.4 million out of clients' accounts without permission.
As Margaret Cole, who is FSA Director of Enforcement, said "This is a warning to other firms that we are raising our game in this area and expect them to follow suit"
Know more
10:40 Posted in UK | Permalink | Comments (0)
05/01/2007
AML: a resource newsletter
Money Laundering Bulletin has a strong reputation for reliable analytical reporting on major anti-money laundering and terrorist financing issues and each month brings you regular topical news, practical advice from industry professionals, along with legislation and regulation updates that affect financial institutions worldwide.
Editor: Timon Molloy
Product of Informa Financial Publishing (UK)
Pages: Approximately 16-20 pages per issue
Know more
05:50 Posted in General | Permalink | Comments (0)
04/20/2007
5th Annual Anti-Corruption Conference in Paris (2-4 May 2007)
A global conference will take place in Paris about corruption. It will include updates on anti-corruption developments around the world, a roundtable of leading prosecutors, expert discussions of internal investigations and the growing role of auditors in anti-corruption enforcement in Europe, analyses of the year’s major cases and investigations, a workshop on state-of-the art compliance programmes and many more areas.
Know more
17:55 Posted in General | Permalink | Comments (0)