AML Basics

If you are new to the AML area, you should start here…

September 9 2016 Tougher obligations on lawyers, accountants and real estate agents could help turn off the tap, officials told Justice Minister Amy Adams in March, according to documents obtained by the New Zealand Herald.  "Recent police investigations show that these sectors are closely linked to organised crime and drug...
September 12, 2016 I recently spoke to a reputed startup lawyer (let us name him ‘A’) in the capital who has worked with startups including two well known hotel room aggregators, a funded media startup and few e-commerce firms. He is also involved in deals with a well known real estate...
September 8, 2016 Cocaine is big business in Europe these days, according to experts with the U.S. Drug Enforcement Administration (DEA). Boatloads of blow float across the Atlantic Ocean from South America, only to float back as illicit money, which finds its way to states such as Delaware.  But whose pockets...
September 7, 2016 Trade-based money laundering exploits the international trade system with the intention of transferring value and obscuring the true origins of illicit wealth. Trade-based laundering is known to be growing in both volume and global reach. Although it’s widely recognized as one of the most common manifestations of international...
September 4 2016 The world’s top 10 investment banks have already paid out almost as much in fines and penalties so far this year as they did in the 12 months of 2015, dashing hopes that the outlay for misdeeds had begun to taper off. The banks have paid $9.79bn in...
September 1, 2016 None would have described Mizu Sushi Lounge in Puerto Vallarta, Mexico as nondescript. It wasn’t a traditional Mexican restaurant by any means. Patrons dined on deep-fried sushi rolls, and washed the quasi-fusion food down with icy glasses of sangria. Mizu hosted anniversaries, birthdays, and Oscar-viewing parties — and...