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Latest news related to Anti-Money Laundering.

Stuart Gulliver, the HSBC chief executive who has vowed to reform the crisis-hit bank, sheltered millions of pounds in a Swiss account through a Panamanian company and remains tax domiciled in Hong Kong. Leaked files show that the Derby-born Gulliver, who is due to present HSBC’s annual report on Monday...
June 20 2018 Italy's financial crimes force has identified around a thousand tax evaders accused of dodging more than €2 million a piece in 18 months. Collectively the fraudsters deprived the state of a record €2.3 billion between January 1st, 2017 and May 31st of this year, the Guardia di Finanza...
March 25 2017 New regulations to combat money laundering and terrorism financing need to be closely monitored to ensure they're not abused, a privacy law specialist has warned.  Under the rules, coming into force 1 November, banks will be required to give details of international transfers above $1000, and any...
November 25 2016 India may have launched a strike on black money hoarders, criminals counterfeiting high value notes and financiers of terrorist groups with its demonetization move, but weak law enforcement and deficiencies in the system have meant zero conviction rate when it comes to nabbing these frauds, say recent...
April 8 2019 A 53-year-old man from Mexico was sentenced Monday to a year in federal prison for his role in a complex money laundering scheme linked to the fashion district in Los Angeles. The scheme was uncovered in 2015 following a lengthy investigation by the U.S. Drug Enforcement Administration into...
French police have busted one of the biggest cannabis money-laundering networks ever discovered in the country. Companies in France, Belgium, Dubai, Hong Kong, India and Morocco were part of a criminal network that turned drug money into gold jewellery to be sold in India... The cannabis money was collected in...