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Latest news related to Anti-Money Laundering.

March 7, 2019 As criminals become more sophisticated at performing money laundering activities, regulators are increasing their commitment to anti-money-laundering (AML) compliance. For banks, this means they must work diligently to maintain AML compliance amid a sea of growing regulation. It is now more important than ever to remain on...
March 4 2019  A CBI FIR has cited alleged irregularities in the acquisition of 1,417 acres of land The Enforcement Directorate is initiating a money laundering probe based on an FIR recently lodged by the Central Bureau of Investigation for alleged irregularities in the acquisition of 1,417 acres of land in...
22 February 2019 Recognising the need to adequately mitigate the ML/TF risks associated with virtual asset activities, the FATF is setting out more detailed implementation requirements for effective regulation and supervision/monitoring of virtual asset services providers. FATF has therefore been working on an Interpretive Note to Recommendation 15. FATF had...
25 February 2019 The FATF is currently developing guidance to assist countries, competent authorities and professionals in the legal, accountancy and trust and company service providers sectors in the application of a risk-based approach (RBA) to AML/CFT. The guidance is intended to provide support both to the private sector and...
February 28 2019  A Colorado Springs food distribution center is at the center of a drug money laundering scheme according to federal investigators. Also part of the investigation are several restaurants in Colorado Springs, reports Gazette news partner KKTV. Details on what is being tabbed a "complex" scheme are laid out...
February 28, 2019  Dozens of Barclays bank accounts belonging mainly to Chinese students at UK universities have been frozen over fears they have been used by criminals to launder millions of pounds. UK law enforcement bodies applied to courts around the country in a co-ordinated operation on Thursday to freeze 95 accounts containing...