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Latest news related to Anti-Money Laundering.

October 18 2019 Finland is planning to establish its first "wall of shame" for companies and other so-called "reporting entities" that have not taken the necessary steps to prevent money laundering in line with the 2017 Anti-Money Laundering Act. The list would for example include automobile dealers or real estate brokers...
October 18 2019 In June, the FATF introduced the first global standards to address the money laundering and terrorist financing risks of virtual assets. Today the FATF agreed how to assess countries’ implementation of these new requirements. Given the global nature of virtual assets, it is essential that countries implement these...
October 17 2019 18 defendants (Aomar, a Moroccan grocer in the district of Batignolles, his boss and several customers) were presented to the judge, Monday, October 14, in Marseille (Bouches-du-Rhone), in the context of a case of money laundering. drug money from Moroccan cannabis cartels. In all, the network has laundered...
October 17 2019 People travelling in and out of Australia may soon have to declare all forms of non-cash money over $10,000. At present, travellers only have to declare cash over that threshold. But under draft legislation introduced to federal parliament on Thursday, the rules will extend to cheques and traveller's cheques.
October 16 2019 Estonia should get the “majority” of fines that banks under investigation for their roles in Europe’s biggest money-laundering scandals are likely to face, Finance Minister Martin Helme said. “We are talking about hundreds of millions at least, possibly about billions,” Helme said in a post on his Facebook...
October 18 2019 An Italian judge has accepted a request by UBS (UBSG.S) to pay more than 10 million euros ($11 million) to settle a money-laundering investigation, ending one of the Swiss bank's biggest legal headaches in Europe. "We are pleased to have resolved this matter," a UBS spokesperson said in...