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Latest news related to Anti-Money Laundering.

Attached is revised guidance describing potential risks associated with relationships with third-party entities that process payments for telemarketers, online businesses, and other merchants (collectively "merchants"). These relationships can pose increased risk to institutions and require careful due diligence and monitoring. This guidance outlines certain risk mitigation principles for this...
Where more than 70 per cent of country’s population struggles to earn $2 a day, we have more than 3,500 million pieces of 500 rupees notes and more than 1,000 million of 1000 rupees currencies floating in the economy as of now! A report by the Reserve Bank of...
Lapid, a permanent resident or green card holder, declared in the US Customs and Border Protection (CBP) form that she was carrying $10,000 and P10,000 (equivalent to $225), Giangregorio said in his affidavit. After searching her luggage, ICE agents found $40,000 in two socks and a  cloth bag hidden...
The indictment, which was returned on January 25, 2012 and unsealed today, alleges that beginning in 2006 and continuing to the present, Carlos Powell, Eric Powell and ten others operated a drug organization which dealt in multi-kilogram quantities of heroin, cocaine and marijuana, in the Detroit metropolitan area. Members...
Investigators also found Loomis was laundering the drug money through a Netspend stored value card by depositing large sums of money into the card account and then using the card to buy items at high-end retailers including Gucci, Tiffany and Louis Vuitton. "The investigation revealed Loomis told a drug associate he...
In court, Kay admitted that between January of 1995 and March of 2011, he conspired with others to distribute and possess with intent to distribute more than 1,000 kilograms of marijuana. The defendant testified that he specialized in high-quality marijuana, worth about $5,000 per pound. He also admitted...