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Latest news related to Anti-Money Laundering.

The Financial Intelligence Unit, country's anti-money laundering agency, has helped the income tax authorities identify more than 60 big tax evaders who had been untraceable for several years. Finance ministry officials said the I-T department is now planning a crackdown, hoping to step up collections to meet the total direct...
Former Egyptian first lady Suzanne Mubarak is accused of money laundering and other financial corruption accusations by the Swiss General Prosecutor, who said she withdrew $191 million from the Women for Peace Foundation she started in Geneva after the ousting of her family’s regime last February. The Swiss federal investigators...
A Miami-area resident was sentenced today to 35 months in prison for her role in laundering money for a $200 million Medicare fraud scheme, announced the Department of Justice, the FBI and the Department of Health and Human Services (HHS). Adriana Mejia, 40, was sentenced by United States District Judge...
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced the designation of Guatemalan national Marllory Dadiana Chacon Rossell and seven other individuals and entities connected to Chacon Rossell’s drug trafficking and money laundering organization as Specially Designated Narcotics Traffickers (SDNTs). Today’s action, taken pursuant...
UNITED STATES v. BEPSY AGUASVIVAS CASTILLO UNITED STATES, Appellee, v. BEPSY O. AGUASVIVAS–CASTILLO, Defendant, Appellant. No. 10–1460 -- January 17, 2012 Bepsy Aguasvivas–Castillo, the owner of a supermarket chain in Puerto Rico, was convicted on one count of conspiracy to commit food stamp fraud and one count of money laundering.   He...
Switzerland has amended its law to allow it to exchange more financial data to help in the international fight against money laundering and the financing of terrorism. Switzerland, under fire for its rigid laws protecting financial privacy, had been warned it faced suspension from the Egmont Group of Financial Intelligence...