Money laundering fears as universities accept £52m in cash https://www.thetimes.co.uk/article/money-laundering-fears-as-universities-accept-52m-in-cash-vrc7q6s9b

Crown Resorts chief Ken Barton resigns amid money laundering scandal https://www.riskscreen.com/kyc360/news/crown-resorts-chief-ken-barton-resigns-amid-money-laundering-scandal #moneylaundering #finance #gambling

Small organisations aren’t likely to need a data protection officer, but it may be useful to have someone who takes responsibility for data protection.

Read our guidance for more on the role: http://ow.ly/ApIw50DpiLD

"Documents provided by the Central Bank of Yemen fail to explain why they adopted such a destructive strategy,” U.N. report accuses Yemen government of money-laundering https://www.riskscreen.com/kyc360/news/u-n-report-accuses-yemen-government-of-money-laundering/ #yemen #UN #sanctions #AML

Kicking off the AML collaboration between sports clubs, banks and regulators #AML #KYC #moneylaundering #antimoneylaundering #knowyourcustomer #compliance #duediligence https://www.arachnys.com/kicking-off-the-aml-collaboration-between-sports-clubs-banks-and-regulators/#.X7-BDhQogJQ.twitter

Regulator fines JP Morgan Chase unit for weak risk-management practices and an insufficient framework for avoiding conflicts https://www.wsj.com/articles/jpmorgan-chase-unit-to-pay-250-million-penalty-over-poor-internal-controls-11606255474?reflink=desktopwebshare_twitter via @WSJ

Arizona prosecutors uncover major money laundering scheme between a regional Wells Fargo branch and a Mexican drug cartel. With the branch manager opening as many as 89 fraudulent 'smurf' accounts with dozens of conspirators. Read more >

https://bit.ly/3fv2S4v

#aml #smurfs

Fines Less of a Concern than Reputational Damage for Public Sector Security https://www.infosecurity-magazine.com/news/fines-reputation-public/#.X75NDJZ7Vyc.twitter #Cybersecurity #Business #DataBreach #DataLeak #DataSecurity #DataProtection #InfoSec #Security #CyberAwareness

French authorities arrest 18 and seize $4.75 million after busting an organized money-laundering network http://at.regxsa.com/RmJQQN