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Latest news related to Anti-Money Laundering.

September 3 2018 The Mauritius story has taken a new turn as the government and the capital market regulator discuss fresh criteria to stop ‘dubious’ money flowing into the country — particularly, in the run up to the 2019 elections. According to new yardstick, foreign portfolio investors (FPIs) coming from countries which are not members...
''Accidental millionaires'' Kara Hurring and her partner Hui "Leo" Gao fled to China after Westpac Bank mistakenly deposited a NZ$10m ($7.5m, £4.65m) overdraft facility into his account in 2009. Hurring was arrested after returning to New Zealand in February 2011. Mr Gao, who faces similar charges, was extradited from Hong Kong...
September 3 2017 The Commonwealth Bank of Australia's apparent failure to properly monitor transactions for money laundering and possible terrorism funding makes action from American regulators inevitable say financial crime experts. Edward Wilson jnr, partner at Venable in Washington, DC, said American financial intelligence unit FinCEN would already be involved in...
November 2, 2017 In the period 2011-2015, we had 403 cases of money laundering offenses in Cyprus and 91 persons were convicted; in 2016 there were 177 cases, 177 of which were investigated and 2017 to date; we had 162 cases, of which 149 were scanned; of the statement, the...
AHMEDABAD: The Enforcement Directorate (ED) has closed in on a city-based businessman who is accused in a Rs 400 crore scam involving 23 banks. ED officials had in July this year attached properties and assets worth Rs 5.2 crore in the Vishal Exports Overseas Ltd (VEOL) bank fraud case. On...
The Money Laundering Reporting Office Switzerland (MROS) registered a significant increase in the number of incoming suspicious activity reports (SARs) in 2011. MROS received a total of 1,625 SARs, an increase of 40 percent over 2010. The total asset value involved also rose to a record sum of over...