AML News

Latest news related to Anti-Money Laundering.

January 29, 2019 The Gulf city of Dubai has been slammed as a “money laundering paradise” by leading anti-corruption group Transparency International. Dubai – one of the seven emirates that make up the UAE – has built a reputation as the pre-eminent business hub in the Middle East, with an open...
January 30 2019 Yesterday, a joint action led by Germany (the Public Prosecutor’s Office (PPO) Cologne and Police Cologne) and Italy (PPO Bolzano, with the support of Guardia di Finanza Brunico) resulted in the dismantling of an organised crime group (OCG) involved in large-scale financial fraud and money laundering across Europe....
ARACHNYS AND ORACLE INTEGRATE FINANCIAL CRIME AND COMPLIANCE SOLUTIONS TO ENHANCE COMPLIANCE INVESTIGATIONS AND STREAMLINE CLIENT ONBOARDING  Partnership integrates Arachnys’ Customer Risk Intelligence Platform with Oracles FSFCC solutions to accelerate AML compliance investigations, streamline KYC onboarding and create agile customer risk scoring Arachnys, the leader in Customer Risk Intelligence (CRI) solutions...
January 28 2019 Some 9,000 cases of suspected money laundering were referred to police investigators last year – nearly double the 5,000 reports filed in 2017, according to Finance Finland, FFI, the lobby group representing the banking and insurance sector. The organisation said that the number of cases referred for investigation...
January 28 2019 Saudi Arabia is to be included in the EU's blacklist of countries that pose a threat to the bloc because of their lax control on money laundering and terrorism financing. An EU source and a Saudi source told Reuters that the European Commission will name Riyadh to its...
January 28, 2019 Malaysian prosecutors on Monday charged former prime minister Najib Razak with three more counts of money laundering, allegedly receiving the proceeds of illegal activities in his personal bank accounts. After unexpectedly losing an election to Mahathir Mohamad in May last year, Najib has been slapped with a series...