AML News

Latest news related to Anti-Money Laundering.

May 29 2019 A battle for one of Eastern Europe's largest banks, formed after the fall of the Iron Curtain, has a new front in Delaware. Privatbank is suing its former owners in Delaware Chancery Court with claims they "brazenly" laundered hundreds of millions of dollars into real estate, mostly in Cleveland, using more than a dozen anonymously owned Delaware...
May 28 2019 The fight against money laundering in the province continues, with the B.C. government now looking into how tuition is paid at post-secondary institutions. The province wants to ensure universities and colleges have policies in place to avoid becoming targets for laundering when accepting large amounts of cash. This follows...
May 22 2019 Germany’s financial regulator has ordered N26 — one of the continent’s most valuable fintechs — to strengthen its anti-money laundering practices after raising a number of concerns about the fast-growing bank. N26 must hire more staff, improve the way it documents its compliance processes, rerun checks on some...
May 22 2019 Today, the Dutch Fiscal Information and Investigation Service (FIOD), in close cooperation with Europol and the authorities in Luxembourg, clamped down on one of the world’s leading cryptocurrency mixing service Bestmixer.io. Initiated back in June 2018 by the FIOD with the support of the internet security company McAfee,...
May 21, 2019 Reports of Vatican anti-money laundering cases down fell to 56 in 2018 from 150 in 2017, 207 in 2016, and 544 in 2015, the Holy See's Financial Information Authority (AIF) said Tuesday. AIF's annual report said this was a sign of progress against money laundering. Cases reported to...
May 19, 2019 Anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog. The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a...