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01/04/2003
Seminar discusses NI money laundering problems
Northern Ireland's money laundering problem is to be discussed today at a seminar in Belfast.
Local banks and building societies will be told by the Financial Services Authority (FSA) how money laundering can and has possibly affected their business.
The FSA has powers to investigate any regulated company or individual in the banking, insurance and financial services sector.
In a similar vein, the recently launched Assets Recovery Agency will investigate dirty money generated by illegal activities ranging from prostitution to protection rackets.
(MB)
Local banks and building societies will be told by the Financial Services Authority (FSA) how money laundering can and has possibly affected their business.
The FSA has powers to investigate any regulated company or individual in the banking, insurance and financial services sector.
In a similar vein, the recently launched Assets Recovery Agency will investigate dirty money generated by illegal activities ranging from prostitution to protection rackets.
(MB)
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Other News In Brief
Appeal Following Armed Robbery In East Belfast PSNI detectives have issued an appeal for information following the report of an armed robbery in east Belfast on Friday 15th November.
Other News In Brief
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07 August 2003
Northern Bank fined £1.25m for infringing money laundering rules
The Northern Bank has been fined £1,250,000 by the Financial Services Authority (FSA) today for breaches of its money laundering rules. The FSA said that the size of the fine "demonstrates the importance" it attaches to its statutory objective of reducing the chance of regulated firms being used for purposes connected to financial crime.
Northern Bank fined £1.25m for infringing money laundering rules
The Northern Bank has been fined £1,250,000 by the Financial Services Authority (FSA) today for breaches of its money laundering rules. The FSA said that the size of the fine "demonstrates the importance" it attaches to its statutory objective of reducing the chance of regulated firms being used for purposes connected to financial crime.
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
