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Latest news related to Anti-Money Laundering.

May 3 2018 The nation’s first-ever national assessment report on money laundering and terrorism financing was released yesterday by the Executive Yuan, identifying the areas where the nation could do more to prevent money laundering. The report identified trafficking in narcotics, fraud, organized crime, corruption, smuggling, securities crimes, third-party money laundering,...
June 22, 2016 The Federal Security Service has conducted 14 simultaneous raids on the Church of Scientology offices in Moscow and St. Petersburg. It seized documents that could shed light on the organization’s illegal financial dealings in Russia.  The simultaneous raid across the two cities follow the November 2015 court...
July 28 2017 Uzbekistan said Friday that it has jailed the eldest daughter of late president Islam Karimov, Gulnara Karimova — once a prominent socialite, fashion designer and singer — after charging her with massive fraud and money laundering.  In a statement the Uzbekistan Prosecutor-General’s Office said that “Gulnara Karimova...
November 16 2017 The Swiss subsidiary of the major US bank JP Morgan has seriously violated the supervisory law and has been sanctioned accordingly by the Financial Market Authority Finma, as research by the "Handelszeitung" show. It is about breaches of due diligence in connection with applicable money laundering standards....
A suspected $500 million money laundering plot was foiled by finance police this week. Three British nationals and two Americans were questioned by officers from the Financial Crime Unit after officials at a Grand Cayman branch of an international bank raised the alarm. Bank staff became suspicious after the group, four...
September 7, 2016 U.S. prosecutors are considering a criminal charge against a unit of HSBC Holdings Plc related to conduct on its foreign-exchange desk, according to two people familiar with the matter, imperiling an earlier deal that let the bank avoid prosecution. The Justice Department has already charged two people who...