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October 6 2018 Vancouver’s red hot housing market has prompted authorities to introduce a series of transparency measures aimed at uncovering the owners of homes in Canada’s most expensive real estate market. One new probe will scrutinize dirty money in the province of British Columbia’s real estate, horse-racing and luxury car sales industries,...
SEPTEMBER 30, 2018 A new probe into money-laundering in British Columbia will look into private lenders' use of Vancouver-area real estate to hide drug money, a tactic uncovered in a Globe and Mail investigation. Peter German, a former deputy commissioner of the RCMP and Correctional Service Canada, is heading the review...
October 6 2018 Virtual currency exchange providers and businesses that store cryptographic keys face new obligations in Norway, the Financial Supervisory Authority has announced. The Ministry of Finance has established new money laundering regulations that come into force on October 15, 2018. The new regulations will cover Norwegian providers of virtual currency exchange...
October 2 2018 An East West Bank branch manager and a bank customer, who were convicted in Los Angeles of conspiring to launder $25,500 in cash by converting the currency into cashier’s checks, are expected to be sentenced in February. Vivian Tat, 54, of Hacienda Heights, a vice president at East...
October 2 2018 Turkish police detained 280 suspects in a money-laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth of foreign currency to bank accounts abroad, state media said on Tuesday. The vast majority of recipients of the funds were Iranian citizens resident in the United States,...
October 4 2018 Anti-money laundering laws in Dubai International Financial Centre (DIFC) will see changes implemented on October 29 in order to enhance the free zone’s ability to fight financial crime. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, made...