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AML

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July 8, 2016 The income tax department has prepared an integrated databank of suspected black money holders across the country who have taken the help of 'entry operators' to launder large amounts of unaccounted cash through banking channels over the past few years. These entry operators are chartered accountants or middlemen...
June 30, 2016 Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has adopted a risk-based anti-terrorism and anti-money laundering regulation that requires regulated institutions to maintain programs to monitor and filter transactions for potential Bank Secrecy Act (BSA) and anti-money laundering (AML) violations...
The defendants typically used a mixture of large and small orders entered on one side of the LSE's order book to create a false impression of supply or demand in a particular stock. These orders were not intended to be traded. The large orders were carefully placed at prices...
December 22 2015 Beyond mirror trades, $4 billion in suspicious transactions Regulators said to have received review results in September Deutsche Bank AG has identified as much as $4 billion in suspicious transactions related to its Russian operations, in addition to $6 billion in so-called mirror trades it is examining, said several...
JULY 12, 2016 George Osborne intervened to talk down the punishment handed to HSBC by US authorities after the bank breached sanctions and money laundering rules, according to a new US congressional report.  HSBC, which agreed to pay a record-breaking $1.92bn (£1.46bn) in a deferred prosecution agreement in December 2012, was spared...
A two-year international drug investigation has led to the arrests of a 71-year-old lawyer and his employee, who now face charges of money laundering and possessing the proceeds of crime. Lawyer Kenneth James of Etobicoke — who is also charged with fraud — has an extensive history of troubles, including...