AML News

Latest news related to Anti-Money Laundering.

June 7 2018 A South Korean police department has confirmed that it would put forward recommendations for charging local cryptocurrency exchange CoinOne for offering margin trading services that actually constituted illegal gambling, CoinDesk reports citing Korean news outlet Yonhap. South Korean police cracked down on the exchange platform in August 2017. Following a ten-month investigation, police...
June 8 2018 Continuing its drive against shell companies, the government-appointed task force has identified nearly 2.25 lakh shell firms which will be removed from the register of companies in the current financial year. In the last financial year (FY2017-18), the registrar of companies removed the names of 2.26 lakh companies from its...
 June 7 2018 The Commission welcomes the agreement reached by the European Parliament and the EU Member States on strengthened criminal law measures to counter money laundering. The new rules, proposed by the Commission in December 2016, will harmonise offences and sanctions for money laundering, ensuring that dangerous criminals and terrorists...
June 8 2018 Over $30 million in cash and a number of high-end motor vehicles were seized during a marathon police operation yesterday, marking the culmination of a high-level, multiagency money-laundering investigation that is pointing to a political figure, law enforcement sources have revealed. One person was taken into custody during...
June 7 2018 A man accused of international money laundering, including more than $800 million through Australian casinos, has been arrested in British Columbia and is awaiting deportation. Dan Bui Shun Jin was arrested in Richmond, B.C. on May 25. At the time of his arrest, he had been living at...
June 7 2018 An arrest warrant was issued for five people," the prosecution said, "They were charged with bribery, money laundering, false evidence, and membership of a criminal organization." Affected are games on the future and Challenger level, which are not televised. There, the prize money is low enough to be able...