AML News

Latest news related to Anti-Money Laundering.

June 6 2019 The European Commission is reviewing past money-laundering cases at EU banks to assess what went wrong and decide possible tweaks to rules, an EU official said, citing Deutsche Bank and Societe General as among the screened lenders. The review is part of a broader plan to improve the...
May 30 2019 Honduran President Juan Orlando Hernández is one of the main targets of a Drug Enforcement Administration investigation into "large-scale drug-trafficking and money laundering activities" related to the "importation of cocaine into the United States," according to a court filing. The document, filed Thursday, states the DEA has been...
May 28 2019 Leaked records involving a company at the center of a Deutsche Bank money laundering probe expose a global cadre of money makers. The records concerning former Deutsche Bank subsidiary Regula Ltd. shine a light, too, on how one of the world’s largest banks helped shield the identities...
May 30 2019 On April 5, Lars Idermark resigned from his position as the chairman of Swedbank, headquartered in Sweden. Idermark stepped down from his position only a week after the chief executive officer, and previously the supervisor of Swedbank operations in the Baltic states, Birgitte Bonnesen, was fired. The...
May 31 2019 Coinbase, the world's most centralised decentralised crypto exchange/wallet broker/dealer, revealed in April that it had partnered with Paysafe and Visa to bring customers a crypto-funded credit card in the UK. This was big news in the world of crypto. Many outfits have in the past tried to launch cryptocards before but failed(often...
May 28 2019 Luxury jewellery, designer fashion and perfume worth a combined £16m were bought from Harrods by a woman who has been hit with the UK’s first unexplained wealth order. Zamira Hajiyeva blew £600,000 in a single day at the London department store as part of a decade-long spending spree there, splashing out £30,000 on...