Anti-money laundering

Laundering goes virtual

Multiplayer sites such as Second Life might have started out as a bit of innocent fun, but the potential for criminals to use them for underhand financial means demands serious consideration

The Feds are coming

Regulators in the US are cracking down on banks in their stringent anti-money laundering campaign. Nick Kochan looks at the civil penalties being imposed on financial institutions and wonders whether they are entirely justified

What's wrong with the risk-based approach?

The risk-based approach to regulation is under fire. In the UK, the Northern Rock debacle could result in a reworking of the supervisory system, which is being criticised as too hands-off. Defenders of the system point out that a failure such as Northern…