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Latest news related to Anti-Money Laundering.

The Financial Crimes Enforcement Network (FinCEN) announced today the issuance of a Geographic Targeting Order (GTO) that imposes additional reporting and recordkeeping obligations on certain trades and businesses located within the Los Angeles Fashion District. The GTO will enhance law enforcement’s ongoing efforts to identify and pursue cases against...
Kenya has established the Financial Reporting Centre to combat financing of terrorism activities in the country and in the East African region. This will have a major impact in other countries in the region since Kenya, and especially Nairobi, has been pointed out as a major destination for the proceeds...
A top Justice Department official on Wednesday confirmed the existence of ongoing investigations where agents have laundered drug-proceed money to Mexican drug cartels as part of a sting run, but he defended those probes against Republicans’ attacks. Congress gave the Drug Enforcement Administration the authority to conduct such sting runs...
Translated Text:  Prosecutors in the Directorate for Investigating Organized Crime and Terrorism - Central structure with judicial police officers in the IGRP - DCCO have dismantled a criminal organization consisting of 20 defendants, Romanian and Lebanese citizens, specializes in crimes tax evasion, smuggling and money laundering operations in the grain...
The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (“AMLO”) will come into operation on 1 April 2012. Under the AMLO, a person who wishes to operate a remittance and / or money changing service is required to apply for a licence from the Commissioner of Customs & Excise...
THE National Assembly here passed the Anti Money Laundering (Amendment) Act of 2012 that aims at intensifying the fight against capital flight and financing of terrorism activities. Finance Minister Mustafa Mkulo told the house while winding up the debate on the legislation on Friday that the ministry would soon revise...