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Latest news related to Anti-Money Laundering.

In another signal that federal prosecutors are ratcheting up the heat on large commercial marijuana cultivation operations, officials in Sacramento are going after the real estate and bank accounts of growers with civil forfeiture complaints. Sacramento-based U.S. Attorney Benjamin Wagner filed civil forfeiture complaints to seize land and bank accounts...
ST. LOUIS, Nov. 14 (Thomson Reuters Accelus) - Continued wariness over a U.S. anti-terrorism provision meant to encourage financial institutions to share suspicious information with each other may be limiting its use, at a time banks and others are struggling to uncover mortgage fraud, Ponzi schemes and other financial...
ZURICH—Swiss regulator Finma may discipline four banks for having what it called lax controls on accepting money from foreign public officials associated with deposed Middle Eastern and North African leaders, but generally found that the country's lenders complied with anti-money-laundering rules. In a report released as Switzerland struggles to shed...
A LOCAL money laundering case where $0.8million was swindled from a resort has been dubbed as one of the top three in the world. Financial Intelligence Unit director, Razim Buksh revealed this at the 3rd National Anti Money Laundering Conference at the Holiday Inn in Suva yesterday. At least six people...
Financial markets regulators Securities and Exchange Board of India (Sebi) and Insurance Regulatory Development Authority (Irda) may install anti-money laundering system to help market intermediaries like mutual funds, stockbrokers and insurance distributors to curb money laundering by their clients. This is aimed at bringing down the cost of maintaining such...
  Soon, you may be able to buy mutual fund units, shares, insurance policies, bank deposits and other such financial products with a single Know Your Customer (KYC) compliance. Financial Intelligence Unit-India (FIU-Ind), the national agency monitoring suspect financial transactions, has initiated discussions with different financial sector regulators to build a...