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Latest news related to Anti-Money Laundering.

Somalis and Somali-Americans in Minneapolis, Minnesota are struggling to send money to their families now that the small, ethnic-based, money-remittance firms they relied on are no longer operating. Banks are no longer willing to process their transactions;  they worry that such transactions involving “hawala” transfer agents, commonly known as...
The Vatican has rewritten its 2010 anti-money laundering law after European inspectors found that it didn’t fully meet their tough standards to combat the financing of terrorism. The new law, a copy of which was obtained Friday by The Associated Press, requires the Vatican to create a list of terror...
Although involvement with jogo do bicho is considered a minor crime in Brazil, the bosses, known as bicheiros, are wanted in connection with offences that include money-laundering through the samba schools. Anisio's detention followed a previous failed attempt in which helicopter police swooped on his penthouse in Copacabana while he...
Kwasnik is formerly from South Jersey but currently resides in Philadelphia even though he has a law office in Cherry Hill. Officials also said that Kwasnik used money stolen from the couple in Williamstown for expenses while he was on the run. According to the indictment, Kwasnik improperly transferred over...
“It is alleged that on dates unknown but between January 1, 2008 and December 31, 2011, the duo did steal a total of K1.4 billion, funds which came into their possession by virtue of their office as secretary general and finance manager respectively,” Mr Silomba said in a statement...
The intensifying scrutiny of HSBC is the latest in a series of investigations by U.S. officials into how global banks have processed -- and in some cases, intentionally hidden -- financial transactions on behalf of countries which allegedly support terrorism, corrupt foreign officials, drug gangs and criminals. Since 2008,...