AML News

Latest news related to Anti-Money Laundering.

January 28 2019 The US Department of Justice (DOJ) has brought criminal charges against Huawei in two different cases. The company and its CFO, Meng Wanzhou (the daughter of Huawei’s founder and president Ren Zhengfei), are accused of money laundering, bank fraud, wire fraud, and conspiracy. Huawei is also accused of conspiring to obstruct justice.
February 4, 2019 Firms’ poor conduct and prudential arrangements may often lead to AML/CFT shortcomings, the Malta Financial Services Authority said on Monday, saying this conclusion was drawn from its regulatory activities. The MFSA’s remit is to support national anti-money laundering and terrorist financing supervision by ensuring that all regulated firms...
February 2 2019 It doesn’t appear that the money-laundering saga plaguing Canada is going to go away anytime soon. Dating back to 2015, investigations have been conducted that allege a widespread network of illicit activity regarding large financial transactions of questionable provenance at a number of casinos. Most notably, River Rock Casino...
February 2 2019 Just about everyone has had their identity compromised in the past year, from data breaches to credit card fraud. It happens because it’s easy to do and hard to stop - unless you’re the person with a foot on the brake. Literally. 11Alive Investigator Rebecca Lindstrom followed behind...
January 31 2019 Members of European Parliament would like increased transparency when it comes to Luxembourg’s tax shelters for wealthy art collectors.  In a letter earlier this month, German MEP Wolf Klinz asked the European Commission to close loopholes that allow potential financial crimes to occur. In particular, the parliament member singled...
January 31, 2019 The City of Vancouver is no longer accepting cash payments over $10,000 in an effort to prevent money laundering. While the city is not required to report cash transactions greater than $10,000, it says in a news release that the new policy aligns with the aim of Canada’s...