AML Case studies / Reports

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

Key points Business relationships with PEPs (politically exposed persons) are not prohibited, but the law requires the banks to treat such relationships with greater care. Switzerland‟s regulations on the handling of business relationships involving PEPs fulfil or exceed the FATF provisions, which are the international standard. Switzerland‟s supervisory approach is...
Money laundering in Australia 2011 07-NOV-2011 Money laundering in Australia 2011 presents a consolidated picture of current money laundering - the indicators and activities involved, the sectors and professions which are vulnerable, a range of new threats which are emerging, and the general framework of regulations and actions necessary to identify...
Date: Sept,2009 EXECUTIVE SUMMARY This report reviews the threat that money laundering through the e-gaming industry presents and could plausibly present to society, and the ways in which the regulated e-gaming industry discharges its duty to reduce money laundering in the EU. Industry representatives interviewed agree that there can be ‘leakage’...
Date: Sept,2008 The use of electronic transactions has increased considerably in recent years. In Australia, the volume and value of cheque transactions in paper-based clearing systems fell from an average of 2.7 million per day in 2001 to 2.1 million in 2005, and from an average of $8.3b per day...
Source: http://www.aic.gov.au Executive summary People and businesses wishing to transfer money between themselves can make use of a variety of procedures. In addition to using simple cash transactions, most money transfers in Western societies take place using conventional banks and other financial institutions. In addition to ordinary banking, however, money and...
On 10 April 2006, a DC-9 jet landed in the port city of Ciudad del Carmen, on the Gulf of Mexico, as the sun was setting. Mexican soldiers, waiting to intercept it, found 128 cases packed with 5.7 tons of cocaine, valued at $100m. But something else – more...