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Latest news related to Anti-Money Laundering.

July 12 2019 This article is Part Two of a three-part summary of the recently-published Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, 2019, released by the Department of Finance on July 10, 2019 (Finalized Regulations). The three-part series discusses prominent changes made to...
July 10 2019 Eurojust actively supported the national authorities of 15 countries in taking down an organised crime group (OCG) involved in pimping and money laundering. Eurojust swiftly set up a joint investigation team (JIT) with Spain, Finland and Sweden to speed up the criminal investigations into the OCG. 11...
July 9 2019 Compliance screening solutions provider Regulatory DataCorp (RDC)has announced the extension of its agreement with HSBC for the provision of next-generation customer screening technology for combating financial crime. “We are impressed by HSBC’s commitment and proven expertise in the fight against all forms of global financial crime. We are extremely pleased to offer the...
July 5 2019 The FATF requires each country to identify, assess and understand the terrorist financing risks it faces in order to mitigate them and effectively dismantle and disrupt terrorist networks. Countries often face particular challenges in assessing terrorist financing risks due to the low value of funds or other...
July 7 2019 The Asia/Pacific Group on Money Laundering (APG) is the anti-money laundering/combating the financing of terrorism (AML/CFT) regional body for the Asia/Pacific. The APG produces regional typologies reports on money laundering (ML) and terrorist financing (TF) techniques and trends to assist governments and other stakeholders, including companies, to better...
July 7 2019 Enforcement Directorate (ED) has arrested Muhammed Riyaz, the alleged mastermind behind trade-based money laundering case involving shell entities, after an investigation on the specific instruction from Central Vigilance Commission. This comes after a case was registered by the ED based on an FIR filed by Central Bureau...