AML Case studies / Reports

Case studies/ reports which can provide in-depth knowledge of this area. Updated regularly.

The following examples of money laundering investigations are written from public record documents on file in the court records in the judicial district in which the cases were prosecuted. Florida Man Sentenced in Separate Wire and Mortgage Fraud Conspiracies Former County Sheriff Sentenced on Federal Charges Canadian National Sentenced for Role in...
Preface This assessment of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of the Maldives is based on the Forty Recommendations 2003 and the Nine Special Recommendations on Terrorist Financing 2001 of the Financial Action Task Force (FATF), and was prepared using the AML/CFT assessment Methodology...
EXECUTIVE SUMMARY Tax evasion and tax fraud through the abuse of charities is a serious and increasing risk in many countries although its impact is variable. Some countries estimate that the abuse of charities costs their treasury  many hundreds of millions of dollars and is becoming more prevalent. This report was...
The first chapter of this report seeks to explain what illicit capital flight is, its global magnitude, how it happens, and its consequences for the poor in developing countries. The chapter also explores the key role that tax havens play in capital flight. The second chapter reviews the measures...
Summary: The number of Suspicious Activity Reports increased in 2010 for the fourth consecutive year. Indeed, the dramatic increase of nearly one-third more SARs than in the previous reporting year calls for an explanation. The increase can be attributed to two extremely complex cases that resulted in 144 SARs or...
While reading one of the posts on identifying the hawaladar (ref ) I came across a case involving Dr. Mahmoud Banki. This case was interesting because from the beginning in May 2006 until 2009, Banki's family began to transfer large amounts of money—totaling some $3.4 million—from Iran to the United...