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AML

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Three people have today been charged for their alleged involvement in a Gold Coast cold call investment fraud that has left 64 victims with a combined loss of over $1.5million... Police allege the scam involved victims being cold called by telemarketers and offered an opportunity to invest in an index...
Banks are introducing more checks to scrutinise customers against money laundering and fraud, with some shining spotlight on depositors and others set introduce biometric measures. Barclays Bank Kenya, for instance, has revised its deposit slip to ask for much more information than it previously did, while Family Bank is...
The Financial Services Authority (FSA) today fined Northern Bank 1,250,000 for breaches of its Money Laundering Rules. The size of the fine demonstrates the importance the FSA attaches to its statutory objective of reducing the chance of regulated firms being used for purposes connected to financial crime. Carol Sergeant, Managing...
Following a Recovery Order first granted by the High Court in May 2013, the National Crime Agency has today recovered more than $7m from an alleged international fraudster and money launderer. In the civil recovery application the NCA submitted that Mr. Hakki Yaman Namli, who resides in Turkey, was involved...
December 22 2015 The Federal Government has introduced tough new laws targeting dodgy accounting practices in a bid to tackle bribery and corporate corruption. Justice Minister Michael Keenan said the legislation would put all Australian businesses on notice. "The Government is committed to ensuring that Australia has tough laws against white-collar...
JANUARY 8, 2018 South Korean financial authorities on Monday said they are inspecting six local banks that offer virtual currency accounts to institutions, amid concerns the increasing use of such assets could lead to a surge in crime. The joint inspection by the Financial Services Commission (FSC) and Financial Supervisory Service...