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Latest news related to Anti-Money Laundering.

To his congregation, he was an inspirational Christian pastor who had dedicated his life to raising money for the poor, homeless and sick. Isaac William, 61, his wife Venus, 54, and their three daughters appeared to be the very model of Christian charity, funding housing, hospitals and education in Pakistan. But...
The government is contemplating legal action against HSBC Bank for what is being described as the “active’’ role of their executives in persuading Indian account-holders to open accounts to park undeclared money in their branch in Geneva, Indian Express reported. The Central Board of Direct Taxes (CBDT) has sought the...
A family from London has been jailed on Monday over a multi million pound tax and money laundering fraud. According to HM Revenue & Customs (HMRC), Isaac William, 61 from London, who ran a business supplying security guards to the construction industry, was jailed for failing to declare £5m...
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our Master Circular DBOD.AML.BC.No.2/ 14.01.001 / 2011 -12 dated July 01,2011 on Know Your Customer (KYC) norms /Anti-Money Laundering (AML) standards/Combating of...
A bold new approach to anti-money laundering (AML) training has paid off for Tamlo International Inc. The company won a coveted Brandon Hall silver award for Best Custom Content for “Flag the Money – AML Training for Frontline Employees.” The centerpiece of the program is Carl’s Story, a 15-minute film...
Lebanon's Hezbollah is denying US allegations of involvement in a $300 million laundering scheme and drugs trafficking, with its deputy leader claiming in comments published Tuesday the charges were false and that America was "not fooling anyone" with accusations meant to harm his anti-Israeli group. Sheik Naim Kassem said the...