Newswire:
Organised Crime Research Unit established
|
World-Check CEO releases PEP discussion paper
|
More Newswires...
FROM A
DIFFERENT ANGLE by Kenneth Rijock
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
Additional bank charters revoked for AML violations
26 September 2007
Russian media have reported that other banks have lost their charters for AML and CFT violations. We list them below for the benefit of our readers, though there are unfortunately precious few details to report. Publicity surrounding Central Bank of Russia (CBR) charter revocations seems to have seriously declined in recent months.
The banks named;
- Moscow-based Iberus Bank; charter recoked for failure to follow anti-money laundering laws, and for failure to supply information to regulators. Reports stated that the bank transferred US$470m, in suspicious transactions, to offshore companies registered in the British Virgin Islands and Belize, through correspondent accounts in the Ukraine, to "non resident bank clients" located in Latvia, Lithuania, Latvia and Krygyzstan.
- Commercial Investment bank, a/k/a Kominbank, located in Moscow; AML/CFT violations.
- Joint-Stock Commercial Volgo-Don Investment Bank, a/k/a Volgo-Don Bank, located in Volgograd; AML/CFT violations.
The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.
Print Article
Email Article
SEND ARTICLE TO A FRIEND
More Articles
Subscribe to Newsletter
PRODUCT INFORMATION
COMPLIANCE OVERVIEW
NEWSWIRE
Specialist Research Unit dedicated to Organis...
World-Check is delighted to announce the establishment of the Organised Crime Research Unit (OCRU), a specialist research unit dedicated solely to researching organized crime and counterfeiting. To re...more
Confessions of a Money Launderer on summer br...
"Confessions of a Money Launderer" series written by Kenneth Rijock is currently on a summer break. The popular series will return to the website in September. If you are a new visitor...more
World-Check CEO releases PEP discussion paper
David Leppan, World-Check Founder and CEO, has today released a ground-breaking discussion paper entitled “PEPS: Moving Forward”. Delivered to the Egmont discussion group earlier this mont...more
Recent OFAC designations: World-Check ahead a...
World-Check, has once again alerted clients to high risk individuals years ahead of their names appearing on a sanctions list. Recent OFAC designations include terrorism-related individuals as well as...more
Alert: Replacing Keyword - IDAC to IIROC
World-Check would like to alert our users to the fact that we will be removing the IDAC (Investment Dealers Association of Canada) keyword from profiles and relacing this with a new keyword IIROC (Inv...more
ARTICLE ARCHIVE
Make this my homepage
Bookmark
