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AML

The home category to host all the sub categories

Global Witness produced the images that follow, very recently. I reproduce them with their permission. They’re powerful for one good reason. They’re just what happens. Crime is as easy as they portray. The question is,  which politicians are willing to stand up and change this?
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Aegis Capital Corp. $950,000 for improperly selling unregistered penny stocks and for related supervisory failures, and for failing to implement anti-money laundering (AML) policies and procedures. Aegis is also required to retain an independent consultant to review...
The following examples of money laundering investigations are written from public record documents on file in the court records in the judicial district in which the cases were prosecuted. Dallas Lawyer Sentenced for Money Laundering On September 26, 2013, in Dallas, Texas, Patrick Robert Simon was sentenced to 24 months in...
Former Egyptian first lady Suzanne Mubarak is accused of money laundering and other financial corruption accusations by the Swiss General Prosecutor, who said she withdrew $191 million from the Women for Peace Foundation she started in Geneva after the ousting of her family’s regime last February. The Swiss federal investigators...
 Preamble In India, there had been laws and regulations for quite some time to address certain aspects of money laundering prevention, like Criminal Law Amendment Ordinance 1944 for attachment of proceeds of certain crimes or Reserve Bank of India (RBI) instructions regarding identification requirements for opening of the bank accounts....
CRIMINALS are increasingly using “money mules” to launder cash through bank accounts, new research has revealed. Often those who get involved are innocently lured into the practice without realising they are being duped by criminals to pay money into their personal accounts and transfer it on, allowing illegal gains to...