AML Basics

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

April 5 2018 The backlog of money-laundering cases at Germany’s Financial Intelligence Unit stood at 30,000 at the start of February. Every month, another 5,600 cases on average are added to the pile. It probably didn’t help that, until November of last year, banks and insurance companies were submitting suspicious...
April 4 2018 As authorities spend sleepless nights in efforts to effectively monitor financial transactions, criminal enterprises have equally upgraded to beat the improved surveillance. Over the years, several regulations have been passed and regulatory bodies are also working. The Public Officer Ethics Act (2003) introduced declaration of wealth to facilitate...
April 1 2018 Malta’s voluntary sector continues to face “needless” vulnerability to money laundering and terrorist financing, Commissioner for Voluntary Organisations Kenneth Wain warns in his annual report.  Prof. Wain, whose office is responsible for oversight of the sector, said he had been unable to persuade the government of the urgency...
March 29 2018 In early March, the Organized Crime and Corruption Reporting Project (OCCRP) launched a series of investigations into the EU member states’ Golden Visa programmes. The investigations show how governments have been trading citizenship or residence rights for investment and the risks such schemes may pose. The Hungarian...
March 26 2018 The Asian Development Bank (ADB) is ramping up its efforts to help countries in the Asia-Pacific combat money laundering and terrorism financing, according to ADB's Office of Anticorruption and Integrity (OAI) 2017 Annual Report released on Monday. ADB's support in anti-money laundering and countering the financing of terrorism...
March 24 2018 Spectacular burglaries, robbery, prostitution, drug trafficking and illegal business with refugees: These areas of crime clearly determine the 13 criminal clans in Berlin. But even the mafia from abroad is increasingly trying to gain influence in the capital. The Italians rely on business areas such as fraud...