AML News

Latest news related to Anti-Money Laundering.

August 5 2019 For decades, increasing reliance on technology and automation has meant one thing for workers: fewer jobs. In a fast-growing corner of the finance industry, it’s doing the opposite as banks across Europe struggle to fill positions in units employing tech to combat money laundering. Reeling from a litany...
July 31 2019 Agricultural income earned by an individual in India is exempt from any payment of income tax, making it an attractive classification. The Comptroller and Auditor General (CAG) of India has found in its latest report that the income tax department did not adequately verify whether Rs 500...
August 1 2019 Iraqi individuals and companies linked to Iran are smuggling cash out of the country to avoid financial sanctions imposed by the US Treasury. Despite technically being denied access to US dollars by Iraq’s central bank, they are exploiting the bank’s daily auction of hard currency by employing middlemen...
August 2, 2019 Elliptic announces today the release of the Elliptic Data Set -- the world's largest set of labeled transaction data publicly available in any cryptocurrency -- to motivate and enable the development of new techniques for detection of illicit cryptocurrency transactions. This release coincides with a new paper that Elliptic scientists have...
August 2 2019 Danske Bank has outlined plans to quit Russia by January next year after the Danish bank was rocked by allegations its Estonian branch was involved in a mind-boggling $230 billion money laundering scandal, bne IntelliNews reported Friday. In a memo to his contacts yesterday, Russia Country Manager Edvin Kornelius said “goodbye to our...
July 30 2019 Anti-narcotic investigators are searching for signs of money laundering in the casinos that have spread across Sihanoukville, a Cambodian coastal city that has become a magnet for Chinese high-rollers, amid the booming methamphetamine market in Southeast Asia. The United Nations Office on Drugs and Crime estimates the region's...