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Latest news related to Anti-Money Laundering.

September 18 2018 British authorities have arrested a former Pakistani "politically exposed person" and his wife who were allegedly involved in money laundering in the UK, believed to to be the result of corruption in Pakistan. The arrest by the National Crime Agency (NCA) officials on Monday came as Pakistan and...
September 17, 2018 Cryptocurrency companies could be among those expanding their activity in Israel if a proposal to ease requirements for opening business accounts in the country is approved. The Bank of Israel and Israel Tax Authority want feedback on plans to permit banks to accept solely signed declaration when opening...
September 16 2018 British law enforcement officers trying to combat money laundering are being frustrated by a lack of co-operation by the authorities in the Cayman Islands, BBC News reported. The National Crime Agency (NCA) said it was “asking for information we don’t get”.The NCA said it has significantly stepped up...
September 17 2018 The Swiss Financial Market Supervisory Authority FINMA has concluded two enforcement procedures against Credit Suisse AG. In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations in relation to suspected corruption involving the International Federation of Association Football FIFA, the...
September 17 2018 The Australian Federal Police can pocket dirty money from bank accounts even when it belongs to people who have committed no crime, the NSW Court of Appeal held last week in two cases. The decisions have consequences for at least a dozen other matters around the country involving...
September 16 2018 Criminals are targeting property in university towns across the UK to launder dirty money, an industry expert has warned. The government’s efforts to crack down on illicit funds through the UK’s £7tn-worth of housing stock are “woefully underfunded” and present an open door for money launderers, says Mark Hayward, chief...