AML News

Latest news related to Anti-Money Laundering.

June 7 2018 On 7 June 2018, the Council (at ambassadors' level) confirmed the agreement reached between the Bulgarian presidency and the Parliament on new rules on using criminal law to counter money laundering. The new directive aims at disrupting and blocking access by criminals to  financial resources, including those...
June 5 2018 An Argentine judge charged the widow and son of the late Colombian drug trafficker Pablo Escobar with money laundering on Tuesday, according to the judicial system's news service. Federal judge Nestor Barral accused Escobar's ex-wife, Maria Isabel Santos Caballero, and his son, Juan Sebastian Marroquin Santos, who both...
June 1 2018 Japan launches its own version of plea bargaining on Friday that promises possible leniency to those willing to cooperate in prosecution of corporate crimes, prompting a scramble by businesses trying to figure out the implications. Criminal suspects and defendants can now be treated more leniently in exchange for information on...
May 31 2018 IN RECENT months, you may have been confused by a voicemail left on your phone in Mandarin.Whether you understand it or not, authorities have warned smartphone users to hang up immediately.Police have warned of a phone scam targeting Chinese nationals in Australia by pretending to be from...
June 3 2018 Stepping up efforts to curb illicit fund flows, Switzerland plans to amend its anti-money laundering law wherein financial intermediaries will be required to verify information on beneficial owners. The Alpine nation, known for its banking secrecy practices, has been taking various measures in the fight against black money...
June 4 2017 The Commonwealth Bank has agreed to pay $700m to settle civil proceedings relating to breaches of anti-money laundering and counter-terrorism financing laws. If the federal court accepts the offer it will be the largest civil penalty in Australia’s corporate history. The announcement follows court-ordered mediation between CBA and the government’s financial...