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Latest news related to Anti-Money Laundering.

Source Thailand Business news: Quote From August 25, 2011, all commercial banks are required by the Ministerial Regulations issued by virtue of the Anti-Money Laundering Act to identify and verify, and maintain copies of, the identities of customers, and to report certain types of transactions as required by law. In some...
3 October 2011 SFC reprimands and fines Citigroup Global Markets Asia Limited $6 million and suspends its former responsible officer  The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citi Asia), fined it $6 million, and suspended the approval granted to Ms Lisa Chan Sin Man, to...
By Business Line From next month, your insurance premium beyond Rs 50,000 can be paid in cash only if you have a permanent account number (PAN). The insurers should verify the authenticity of the permanent account number, according to the modifications in the anti-money laundering norms announced by the Insurance...
By ARAB NEWS Published: Oct 13, 2011 01:34 Updated: Oct 13, 2011 01:34 RIYADH: Board level interest in anti-money laundering (AML) is being squeezed by other priorities, according to KPMG’s Global AML survey 2011. The survey revealed a nine percentage point drop in boards considering AML to be a high profile...
FINRA Fines Merrill Lynch $1 Million for Supervisory Failures That Allowed a Registered Representative to Operate a Ponzi Scheme The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc., $1 million for supervisory failures that allowed a registered representative at Merrill...
The Set-Up You receive an email offering you an amazing job. The Hook You’ll earn big bucks for seemingly little work. The Sting You’ll end up becoming a money mule, breaking the law and having your bank account cleaned out. What a money mule/money laundering scam looks like Money laundering is when somebody tries to ‘launder’ money they’ve earned from unlawful activities to make it look...