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Latest news related to Anti-Money Laundering.

SOLICITORS could be imprisoned for up to two years for "genuine mistakes" under proposals to crack down on mortgage fraud and money laundering, MSPs have warned. The Land Registration (Scotland) Bill will make it an offence to knowingly or recklessly register land under false pretences. However, Conservative MSP Murdo Fraser, a...
Two people have been arrested and a luxury car seized following a money laundering investigation. Police visited three addresses in Tottenham in London and one in Iwade near Sittingbourne in Kent on 14 March.A 49-year-old man from Tottenham and a 40-year-old woman from Sittingbourne have been arrested on suspicion...
Belize is a transshipment point for marijuana, cocaine, and precursor chemicals for methamphetamines. This was the verdict of the U.S. State Department’s International Narcotics Control Strategy Report released this month. The report recognizes that Belizean financial institutions do not engage in currency transactions involving large amounts of United States’ currency...
Enforcement Directorate has been asked to look into a complaint of alleged money laundering through 126 bank accounts by the Dubai-based hotelier SP Singh who arranged blood money for the Indians facing gallows for killing a Pakistani. The complaint says he had learnt that income tax department had traced dealings...
United Kingdom and Nigeria are strategising to tighten the noose on drug trafficking cartels through assets and financial investigation. This was disclosed at the weekend, during a visit by the Director of Serious Organised Crime Agency (SOCA) of Britain, Mr David Armond, and other senior security experts to the national...
S M A Kazmi, the journalist arrested for his alleged role in the Israeli car blast in the capital, and his wife may face a money laundering case if alleged foreign remittances of over Rs 21 lakh to their bank accounts turn out to be illegal, say sources in...