Home AML

AML

The home category to host all the sub categories

July 19 2018 A fun time-killer for some, popular mobile games like “Clash of Clans” are being used to launder stolen credit card money by tech-savvy thieves, according to a report from German cybersecurity company Kromtech. In the report, initially noted on Gamasutra, it was found that over 20,000 stolen credit cards were used in...
August 7 2018 Federal officials are seeking to seize a condo unit at Porsche Design Tower in Sunny Isles Beach that they allege is tied to a $1 billion Venezuelan money laundering scheme. Prosecutors allege the scheme laundered money out of Venezuela’s state-run oil company, PDVSA, and into fraudulent investments and Miami real...
August 7, 2018 Service offerings leverage machine learning platform Tookitaki, to enable banks to automate anti money laundering and reconciliation management Mindtree, a global technology services and digital transformation company, guiding its clients to achieve faster business outcomes, is using artificial intelligence and machine learning technology to help banks improve their ability to detect financial crimes and enhance reconciliation...
AUGUST 6, 2018 Former Minister of Industry, International Business, Commerce and Small Business Development in Barbados, Donville Inniss, has been indicted in the United States for allegedly laundering just over US$36,000 in bribes he received from an unnamed insurance company in his home country. The three-count indictment was unsealed today in federal court...
August 6 2018 Banks and Specialised Deposit Taking Institutions (SDIs) that fail to comply with the central bank’s Anti-Money Laundering regulations risk paying as much as sixty thousand cedis (GH¢60,000) in fine beginning this month. This follows the implementation of the Bank of Ghana’s laws on Anti-Money Laundering (AML). The document...
August 4 2018 The U.S. Department of Justice (DOJ) announced Wednesday, August 1, that District Judge G. Murray Snow has sentenced a bitcoin trader to 41 months in prison. Thomas Mario Costanzo, also known as Morpheus Titania, has been sentenced to “41 months’ imprisonment, with credit for time served since his...