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HKMA fines JPMorgan Hong Kong branch over anti-money laundering lapses

(Reuters) - The Hong Kong Monetary Authority (HKMA) said on Friday that it had fined the Hong Kong branch of JPMorgan Chase & Co (JPM.N) HK$12.5 million ($1.60 million) and reprimanded it for breaching anti-money laundering and counter-terrorist financing rules.

By | 2019-01-12T20:02:42+00:00 |Compliance, Financial, Governments|0 Comments

Bits & Bytes Podcast: A Look at Effective Cybersecurity Practices

Cybersecurity is a major challenge for everyone – companies and individuals alike. But it can be a particularly big challenge for those in the financial industry. After all, it isn’t just firm data at risk—customer data and customers’ life savings may be at stake.

By | 2019-01-12T19:52:07+00:00 |Compliance, Financial|0 Comments

FBI steps up efforts against ‘money mules’ online fraud

WASHINGTON (AP) — The email caught the executive at a small company by surprise one morning in 2016. The company’s owner, or so he thought, was requesting a money transfer to pay for supplies from a new vendor.

By | 2019-01-12T19:47:39+00:00 |Compliance, Financial, Governments|0 Comments

Wells Fargo is paying $575 million to states to settle fake account claims

New York (CNN Business) Over the past two years, Wells Fargo has faced numerous lawsuits and government investigations stemming from a cascade of business scandals.  On Friday, it took a step to put one batch of accusations behind it.  The bank agreed to pay $575 million to all 50 states and the District of [...]

By | 2019-01-12T20:04:21+00:00 |Compliance, Financial|0 Comments

November 12-15, 2019 – IMTC WORLD 2019 – Miami Beach, FL

Our largest IMTC Conference made its home in Miami, which offers people from, North America, Latin America, the Caribbean and Europe, an attractive and inexpensive travel destination. Every year more attendees from Middle East, Asia & Africa are attending after attending our smaller regional events.

By | 2018-12-03T04:11:32+00:00 |Events|0 Comments

September 24-26, 2019 – IMTC AFRICA 2019 – Lagos, Nigeria

Lagos is Africa ‘ s leading city as the most populous on the African continent one of the fastest growing cities in the world and also one of the most populous urban agglomerations.ith close to 20 million people and the major financial centre in Africa;

By | 2018-12-03T04:07:29+00:00 |Events|0 Comments

April 15-17, 2019 – ACAMS 24th Annual International AML & Financial Crime Conference

The worlds of AML and compliance are undergoing rapid transformation, impacted by everything from new and complex regulations, technological disruptions such as artificial intelligence and cryptocurrencies and malicious threats including cybercrime and data breaches.

By | 2018-12-03T04:19:38+00:00 |Events|0 Comments

April 9-11, 2019 – IMTC LATAM 2019 – Gran Fiesta Americana, Cancun, Mexico

IMTC LATAM 2019 is an unparalleled event for the region. Remittances are a very important component of the social & economic sustainability of families in the region. Cross-border payments with US and Europe are crucial for businesses and there is no other event in the region that reunites the most important financial services institutions [...]

By | 2018-12-03T03:32:23+00:00 |Events|0 Comments

February 18-21, 2019 – NMLS Annual Conference & Training – Orlando, FL

The 2019 NMLS Annual Conference & Training is only a few months away. We are preparing to bring you an exciting and informative event, with opportunities to find out what is happening with NMLS, the State Examination System (SES), meet your state regulators and more!

By | 2019-01-22T02:59:39+00:00 |Events|0 Comments