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Latest news related to Anti-Money Laundering.

August 15 2019 A company that runs an anti-money laundering verification platform has called for all property sales to be brought under the law. EYE exclusively revealed on Monday a loophole by which developers selling their own new homes do not have to be registered for anti-money laundering purposes. Estate agents...
August 13 2019 The National Police and Civil Guard of Spain dismantled a criminal organisation based in the cities of Toledo and Madrid, which laundered more than 70 million euros for other criminal groups, according to a statement by the Spanish police.In the operation, the security forces arrested 28 people, 22...
August 12 2019 Technology and connected devices touch nearly every facet of modern life, and they often hold key evidence in criminal investigations. “Every single case now involves some sort of digital evidence,” said FBI Supervisory Special Agent Steven Newman, director of the New Jersey Regional Computer Forensics Laboratory(NJRCFL). Digital evidence can...
August 13 2019 Singapore's central bank is raising its guard against money launderers increasingly using onshore shell companies to mask their transactions, a senior official said. Valerie Tay, who heads the anti-money laundering department at the Monetary Authority of Singapore (MAS) said banks had closed accounts of several onshore shell companies...
August 9 2019 Global Gold Exchange, LLC and its managers, Jeffrey Morrow and Richard M. Owen, pleaded guilty in federal court on August 2 to multiple financial crimes, admitting that they laundered money through their unlicensed money transmitting business by falsely reporting cash transactions as sales of “gold” and other precious metals. As part of...
August 9 2019 Malaysia’s current government has also filed criminal charges against Goldman Sachs and is seeking $7.5 billion in compensation from the bank. Malaysia filed criminal charges on Friday against 17 more current and former directors at three Goldman Sachs subsidiaries for their role in the alleged multibillion-dollar ransacking of...