AML Basics

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

May 17 2018 We all have a stake in stopping cybercrime, which also enables so many other crimes, from human trafficking and migrant smuggling to trafficking in drugs, illicit firearms and wildlife, and money laundering,” said Yury Fedotov, the director general at the United Nation’s Office on Drugs and Crime, this...
June 12 2018 A few weeks ago, Justin flagged an Oregon case alleging money laundering through the Black Market Peso Exchange, one of the most successful and efficient laundering schemes in the world. The Black Market Peso Exchange is a trade-based money laundering technique commonly used by narcotics traffickers based in Colombia...
June 10 2018 When the Mexican national team said goodbye to their fans at home to Scotland at the beginning of June in the direction of Russia, Rafael Márquez entered the pitch for the second half. For the first time that evening came in the chunky Aztec Stadium mood. The supporters celebrated...
May 31 2018 The US Treasury Department has initiated a wide-ranging campaign against money laundering across the globe and is leaning on governments particularly in Cyprus, Beirut, Singapore and the Gulf states including Dubai in an attempt to stop the flow of billions of dollars that wash through the financial...
May 26 2018 Everyone has heard of money laundering. It features prominently in TV shows like “Breaking Bad” and “Narcos” and just about every Mafia movie since the 1980’s. Despite this, few people know how money laundering works. A perfect example comes from the cinematic classic “Office Space”, where after executing a...
May 14 2018 The laundering of illicit funds through real estate is an established money laundering method in Australia. Criminals may be drawn to money laundering through real estate due to the fact that it is relatively uncomplicated and requires little expertise. Furthermore real estate can be bought using cash, true...