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Latest news related to Anti-Money Laundering.

IF the Bureau of Internal Revenue (BIR) had its way, tax evasion would be among the “predicate crimes” punishable under the Anti-Money Laundering Act (Amla), alongside kidnapping for ransom, plunder and drug trafficking and others. In a position paper submitted to the Senate Sub-committee on Anti-Money Laundering, the BIR said...
The federal government on Thursday escalated its campaign to stanch the flow of what it says is dirty money to the Shiite militant group Hezbollah. Prosecutors filed a civil suit aimed at financially punishing American and Lebanese businesses that the government charges were behind a Hezbollah-controlled global network that laundered...
A retired major in the U.S. Army was sentenced today to 24 months in prison for engaging in money laundering of criminally derived property totaling $400,000, which he received from a contractor following his deployment to Kuwait, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division. Charles Joseph...
Frankfurt prosecutors have filed criminal charges against five men for suspected money laundering related to the possible illegal transfer of $150 million of Russian telecom assets, the prosecutor's office said on Wednesday. Four of the men are current and former employees in charge of the eastern European business of a...
NOT far from China’s coast, Macau’s casinos buzz with the energy and abandon of the wildly wealthy. Marble columns, gold decor and money are everywhere. But behind the glittering facades there are signs of something darker. Macau’s success is not built purely on the Chinese love of gambling. It is...
Four men who conspired to launder $15.5m which was stolen eleven years ago from a German bank have been sentenced to 18 years in prison following an extensive financial investigation by SOCA. ... The original electronic bank theft, which took place in August 2000, was carried out by Matthew Holmes and...