AML News

Latest news related to Anti-Money Laundering.

July 30 2019 Australian law-enforcement and intelligence agencies are scrutinizing the activities of one of Chinese President Xi Jinping’s cousins as part of broad probes of organized crime, money laundering and alleged Chinese influence-peddling, according to Australian officials. Among other things, police are looking into the alleged 2017 use by the...
July 31 2019 Enhanced Israeli anti-money laundering measures have brought a 300% increase in tax evasion alerts sent to the tax authority. The anti-money laundering unit also received 77% more information requests from the tax authority in 2018 than it did in 2017, according to a July 31 report. The increased enforcement...
July 22, 2019 As a result of a working group established by the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence and the Federal depository institutions regulators, the Financial Crimes Enforcement Network (FinCEN) and its regulatory partners today issued a joint statement as part of continuing efforts...
July 30 2019 Japanese police have uncovered a record number of money laundering cases, some of which involved international criminal networks using bank accounts in the country, a new report shows. Incidents of money laundering rose about 40% on the year to 511 in 2018, topping 500 for the first time...
July 30 2019 Germany's government is unveiling a new law aimed at combating money laundering in the real estate sector. It's estimated that billions in illegal earnings are funneled in to the German property market each year. German Finance Minister Olaf Scholz said the draft bill will bring Germany in...
July 25 2019 Georgian prosecutors charged TBC Bank Group's (TBCG.L) chairman and his deputy on Wednesday with money laundering, a move the bankers said was absurd and damaged prospects for attracting investment to the country. Mamuka Khazaradze, chairman of the group that owns Georgia's biggest retail bank and also a prominent...