Beijing Signs Landmark Pact To Stem Flow Of Macau’s Dirty Casino Cash‏

According to the Financial Action Task Force (FATF), casinos are put in the category of a Designated Non-Financial and Business Profession (DNFBP) and so are subject to certain compliance checks and balances, due diligence procedures, etc – much the same as are in place for the financial sector. The art sector, however, is not even classified […] Read More

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Bank Of China Says No Charges Yet By Italy Over Multi-Billion-Dollar Money-Laundering Inquiry‏

http://newsoncompliance.com/2015/06/bank-of-china-says-no-charges-yet-by-italy-over-multi-billion-dollar-money-laundering-inquiry/ According to the latest news on this long-running saga, “Prosecutors said more than 4.5 billion euros (US$5.1 billion) in proceeds from counterfeiting, prostitution, labor exploitation and tax evasion was sent to China in less than four years using a money-transfer service partly owned by Chinese migrants…[and that] the money had been fractioned into small […] Read More

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5 most ‘spectacular’ cases of wine fraud

http://www.lepanmedia.com/5-most-spectacular-cases-of-wine-fraud/ Following on from Toby Bull’s piece on wine fraud in the latest issue of the Journal of Art Crime, read some more on this nefarious trade by clicking on the link.

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