KBA: Watch out for money launderers : The Standard

Emerging threats in Kenya’s vibrant banking sector Increasing incidences of fake currency syndicates, money laundering schemes and cybercrime are the latest threats neutralizing glory of one of country’s most vibrant sectors

U.S. home sales fall amid short supplies  · cotton prices jumped to the highest in almost three years amid signs of tightening global supplies and buoyant demand as exports reached a government target in the U.S.

The results of the inspection see 12 out of the 14 exchanges gain an affirmation for meeting the "general standards" mandated by the KBA. They include the adoption of cold or offline wallets, adherence to anti-money laundering norms, possessing a certain minimum in assets and more.

And finally, a paper in Environmental Research Letters highlighted a non-conventional driver of deforestation: money-laundering by narco. biodiversity is losing out to climate in conservation.

All this brings us to this week’s alleged “health scare” regarding Pope Francis. s anti-money-laundering agency, was an antiterrorist financing expert during the Bush administration. In his 2013.

Another red flag for money laundering is identification. Watch out for I.D documents that cannot be confirmed, says Scott, or that are inconsistent. "One of the things we see a lot of the time in fraud situations," she says, "is that you’ll have a lot of individuals that seem to have the same address."

A Russian couple hooked hundreds of investors, stole millions of dollars and then vanished, feds say. Banker resigns after a BILLION dollars "vanishes" into Russia.. He said if politicians continued to put pressure on him "I will say the truth, especially as my hands are free now.". A state-owned bank and two banks owned by Moldovan and Russian investors were put under the.

Here’s How Data Analytics Can Combat Fraud & Transform Your Enterprise Technology is bringing the finance industries one step closer to fighting money laundering thanks to the special identification of irregularities in trends and patterns of data, thus creating more ‘hits’ and fewer ‘false negatives.’

Houses prices fall at their fastest since April Southern California home prices dropped $500 in March from the year before, the first annual price drop in the region in seven years, real estate data firm corelogic reported Friday, April 26..

related to money laundering, terrorism financing, or SUAs – The purpose of Section 314(b) information sharing is to identify activity related to money laundering, terrorist financing or specified unlawful activities. It cannot be used as a way to find out more information about a customer or transaction. SECTION 4 Preparing to Collaborate 314(b)

News SEC Urges Advisors to Look Beyond aml money laundering isn’t the only suspicious activity advisors need to watch out for, exam chief Pete Driscoll says.

Australian treasurer urges banks to pass on any rate cut: media THE federal Government expects any interest rate cut by the Reserve Bank of Australia (RBA. then we expect banks to pass that on to mortgage holders. "(treasurer) wayne swan has already made clear,

Kenya Bankers Association has asked the public to be on the lookout of money launderers [Photo, Courtesy] Kenya Bankers Association (KBA) has asked the banks, retailers, and citizens to be vigilant as there may be attempts to launder illicit funds through the banking system during the exercise of replacing the old generation notes with the newly released ones.