05/01/2004
Seminar to help NI firms fight money laundering
Northern Ireland businesses have been urged to sign up for a free seminar giving guidance on their new role in the fight against money laundering.
Organised by Customs and Excise, the seminar will provide firms with a wealth of free information and advice on the new rules and how to comply.
Jim Maclean, Customs’ Regional Head of Business Services & Taxes said: “Although the money laundering rules cover all goods, it is well known that high value items such as diamonds, gold, jewellery, art, antiques and cars are particularly attractive to criminals, along with easily transported hi-tech items such as computer chips, mobile phones and digital cameras.
“However, the list of commodities involved in money laundering is growing and it is therefore important that all businesses in Northern Ireland are aware of their new role in preventing criminals from laundering their cash.”
The changes, which apply from 1 March, will affect all businesses dealing in goods and accepting cash payments of around £10,000 or more for individual transactions. They must train their staff to recognise indications of money laundering and, if they suspect it, contact law enforcement authorities. They will also need to register with Customs and Excise.
The seminar begins on Monday 12 January 2004 at the Quality Hotel in Carrickfergus, Belfast.
(MB)
Organised by Customs and Excise, the seminar will provide firms with a wealth of free information and advice on the new rules and how to comply.
Jim Maclean, Customs’ Regional Head of Business Services & Taxes said: “Although the money laundering rules cover all goods, it is well known that high value items such as diamonds, gold, jewellery, art, antiques and cars are particularly attractive to criminals, along with easily transported hi-tech items such as computer chips, mobile phones and digital cameras.
“However, the list of commodities involved in money laundering is growing and it is therefore important that all businesses in Northern Ireland are aware of their new role in preventing criminals from laundering their cash.”
The changes, which apply from 1 March, will affect all businesses dealing in goods and accepting cash payments of around £10,000 or more for individual transactions. They must train their staff to recognise indications of money laundering and, if they suspect it, contact law enforcement authorities. They will also need to register with Customs and Excise.
The seminar begins on Monday 12 January 2004 at the Quality Hotel in Carrickfergus, Belfast.
(MB)
Related Northern Ireland News Stories
Click here for the latest headlines.
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.
01 April 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.
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.
04 April 2023
Two Arrested In Connection With £300,000 Drug Seizure
Suspected cocaine and cannabis, with an estimated value of £300,000, has been seized in a PSNI operation in the Carnlough and west Belfast areas. Two people, a 41-year-old man and 36-year-old woman, were arrested in connection with the seizure, on suspicion of drug and money laundering offences .
Two Arrested In Connection With £300,000 Drug Seizure
Suspected cocaine and cannabis, with an estimated value of £300,000, has been seized in a PSNI operation in the Carnlough and west Belfast areas. Two people, a 41-year-old man and 36-year-old woman, were arrested in connection with the seizure, on suspicion of drug and money laundering offences .
05 September 2018
Danske Bank Creates New Posts In L'Derry
Danske Bank is to create 67 new jobs at its new Customer Protection Centre in L'Derry. The centre will complete due diligence checks on personal and business customers, as part of regulatory requirements for all banks to demonstrate an increased responsibility for knowing and understanding how customers operate their bank accounts.
Danske Bank Creates New Posts In L'Derry
Danske Bank is to create 67 new jobs at its new Customer Protection Centre in L'Derry. The centre will complete due diligence checks on personal and business customers, as part of regulatory requirements for all banks to demonstrate an increased responsibility for knowing and understanding how customers operate their bank accounts.
15 October 2012
Campaign Launched To Tackle Fuel Dumping
A campaign has been launched to tackle pollution caused by the dumping of fuel laundering waste in Northern Ireland. Environment Minister Alex Attwood has launched the campaign to draw attention to the environmental dangers caused by the dumping. This will be the first time the DOE has joined with Crimestoppers as a means to tackle the problem.
Campaign Launched To Tackle Fuel Dumping
A campaign has been launched to tackle pollution caused by the dumping of fuel laundering waste in Northern Ireland. Environment Minister Alex Attwood has launched the campaign to draw attention to the environmental dangers caused by the dumping. This will be the first time the DOE has joined with Crimestoppers as a means to tackle the problem.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
