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Latest news related to Anti-Money Laundering.

Apart from the concentration of media in its hands, the New Bulgarian Media Group has been criticized for an apparent lack of clarity as to the provenance of its assets. The deals are suspected to show that shady figures can afford to buy back shares in large numbers or artificially...
The crimes were allegedly committed through the transportation, transmission and transfer of stolen public funds through the United States. Records of the case also showed that from January to June 2006, Lindley was issued 11 purchase orders (POs) totaling US$ 394,340.65 for which the Chuuck State Department of Health (DOH)...
By: Michael Klein; Patrick Brendel |19 October, 2011  Compliance with national and international regulations in the fight against money laundering, financial crime and terrorism financing is an ever expanding field that constantly presents new challenges for compliance officers at Caribbean financial institutions, delegates at the 7th Global Compliance Solutions Anti-Money...
BY ALICIA CRUZ NEWJERSEYNEWSROOM.COM Following two hours of deliberation Thursday, a Camden federal jury returned four guilty verdicts against a New York woman accused of orchestrating a mortgage fraud scheme in Atlantic City that involved seven properties purchased and re-sold 17 times over a six-month period of time. Jong Shin was found...
Reuters: NEW YORK (Reuters) - A Long Island man was sentenced to 25 years in prison Friday after admitting to stealing more than $195 million from thousands of investors in the course of a five-year, $400-million Ponzi scheme. Nicholas Cosmo, 40, was ordered by U.S. District Judge Denis Hurley to repay...
Posted on Sun, 10/16/2011 - 11:41 in Finance  (CNS): Financial services industry institutions need to look out for a slew of new methods criminals are using to exploit the system and launder money, turning the proceeds of crime into clean money, according to Antiguan anti-money laundering specialist Kem Warner, from...