AML News

Latest news related to Anti-Money Laundering.

April 3 2019 A social media influencer in Miami who flaunted designer clothes and her red Lamborghini in online posts has been arrested on suspicion of involvement in her family’s alleged massive money laundering scheme. Colombia-born Jenny Ambuila, 26, often posted lavish lifestyle snaps on Facebook and Instagram, including trips to...
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...
April 9 2019 Money laundering has been pinpointed as a problem for the UK, with trillions of pounds thought to be sloshing through banks and properties. It has been pinpointed as a target for the government, with economic secretary to the Treasury John Glen saying that “money laundering regulation exists...
April 6 2019 Dutch prosecutors on Friday said three former employees of a company in the Netherlands were arrested on suspicious of laundering about $1.2 billion for an Indian client, AFP reported. However, the prosecutors did not name the companies involved. The Dutch firm bought materials around the world for a company...
April 5 2019 Casinos and the offshore banking sector in the breakaway Turkish Cypriot state in the north of the island remain areas of concern for money laundering activity, a US State Department report said. According to the State Department’s Bureau of International Narcotics and Law Enforcement Affairs, anti-money laundering (AML)...
April 5 2019 Denmark has decided to ban 500-euro notes in an attempt to fight money laundering in the country. The decision was made despite a request by the European Central Bank (ECB) not to ban the note. But Danish authorities says that the bills’ use for criminal activities justifies the ban,...