AML News

Latest news related to Anti-Money Laundering.

November 26 2018 Two statutory instruments (SIs) to tackle money laundering have been signed into law. The SIs commence the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 and bring gambling service providers within the scope of anti-money laundering legislation. This completes Ireland’s transposition of the EU’s Fourth AML Directive. Announcing the...
November 26 2018 More than $5 million worth of Melbourne real estate has been frozen as part of an investigation into offshore funds allegedly being laundered in Australia by Chinese nationals. Australian Federal Police restrained residences in Glen Waverley and Southbank, as well as a commercial property in Oakleigh South on...
November 20, 2018 Federal authorities charged a Venezuelan TV magnate for his role in a billion-dollar money laundering and currency exchange scheme involving real estate around the world, including two dozen properties in Miami and New York. The indictment follows a separate billion-dollar money laundering scheme in July that included real...
November 22 2018 U.S. prosecutors have been investigating Japan’s Mitsubishi UFJ Financial Group Inc. since late last year on suspicion of breaking anti-money-laundering regulations involving North Korea, the New York Times reported Wednesday. A subpoena was issued for MUFG after the state of New York said the group had intentionally ignored...
November 20 2018 The Government has put in place new anti-money laundering and terrorism financing requirements for property developers that will require them to perform due diligence checks on their buyers and flag suspicious activity. The new rules come after Parliament passed the Developers (Anti-Money Laundering and Terrorism Financing) Bill on...
November 20, 2018 Danske Bank is facing a lawsuit from an international coalition of prominent class-action law firms arguing that investors lost billions of dollars through the fallout from the Danish lender’s €200bn money laundering scandal. Németh Sigetty, a Danish law firm, will file a writ against Danske in the first quarter...