Home AML AML News Page 491

AML News

Latest news related to Anti-Money Laundering.

The sister-in-law of Guatemala's president is a fugitive from justice, facing embezzlement charges, as well as allegations that she laundered money in Panama and associated with a man who financed Guatemalan drug trafficking gangs. On Monday, Guatemalan authorities announced the arrest of five people for laundering money in a network which allegedly...
KUWAIT CITY, Dec 6: Director of the Public Funds and Commercial Affairs Prosecution Saoud Yousef Al-Sanei was recently quoted as saying people working for financial institutions such as banks, investment companies and money exchange firms and involved in money laundering activities can face a maximum penalty of seven years...
A Remind-erville man and his brother await sentencing after pleading guilty to fraud charges in a money laundering case. Timothy Holman, 44, of Reminderville and Stephen S. Holman, 40, of Cleveland each pleaded guilty to one count of conspiracy to commit mail fraud and one count of money laundering in...
Six years after a federal jury found him guilty of money laundering, a local defense attorney must finally report to prison. U.S. District Judge William Lee ordered this week that Jerry Jarrett, 57, of Hammond, must serve 37 months in prison and pay a fine of $92,000. He is supposed...
WASHINGTON — Undercover American narcotics agents have laundered or smuggled millions of dollars in drug proceeds as part of Washington’s expanding role in Mexico’s fight against drug cartels, according to current and former federal law enforcement officials. The agents, primarily with the Drug Enforcement Administration, have handled shipments of hundreds of thousands of...
 Tanzania is losing billions of shillings annually due to tax dodging and capital flight by wealthy individuals, profits laundering by companies and to untaxed activities in the grey economy, The Citizen has learnt. Experts say the government’s otherwise well-intended tax incentive regime has availed to multinational companies like banks,...