AML News

Latest news related to Anti-Money Laundering.

October 1 2018 While the furore over the alleged piracy by Vijay Mallya, Nirav Modi and Mehul Choksi on the turbulent seas of India’s banking industry rages on, the battle for restitution of public money is going full throttle. However, lost in focus, and probably discounted as collateral damage, are...
September 27, 2018 Financial institutions across the world have paid $26bn (€22bn) in fines for failures in money laundering and customer verification, and sanctions since the global financial crash, a new report has found.Dublin-headquartered financial data management firm Fenergo found the US accounts for nearly 44% of all global regulatory...
September 26 2018 In preparation for a field assessment by the Asia Pacific Group on Money Laundering, the Taiwan High Prosecutors Office instructed the National Police Agency to dissolve money laundering operations across Taiwan on Sept. 26. Taiwan will have its third field assessment by the Asia Pacific Group on Money...
September 28 2018 British Columbia said on Thursday that it had launched a probe into money laundering in its real estate market following widespread concerns that illegal activity may have helped inflate housing prices in Canada's most expensive province. The probe will be two-pronged, with the Ministry of Finance looking at...
SEPTEMBER 27, 2018 The New South Wales Police Force have placed two Sydney residents in custody after they allegedly attempted to launder $300,000 in cash that was suspected to be involved in a string of crimes, by converting them into crypto. Detectives say the cybercrime duo had started up 45 different...
September 24 2018 Finnish police swooped in on a suspected criminal circle in southwest Finland accused of using grey market labour and laundering up to €10 million that is allegedly being led by a Russian man with Maltese citizenship, Uutiset reported. The police targeted the properties of real estate firm Airiston Helmi,...