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Latest news related to Anti-Money Laundering.

Tanzania is to introduce cash limits for people moving across its borders to fight money laundering and the financing of terrorism and crime. The government said the regulations require travellers entering and leaving the country to inform officials of cash or financial instruments in their possession — including travellers’ cheques,...
Criminal organizations profit off cigarettes by buying them in bulk from states with a low tax, then shipping them to states with a higher tax. South Carolina charges $5.70 per carton in state tax, for example, while New York City charges $5.75 per pack -- not carton -- in state...
Indicating signs of possible funds related to crime and terror trickling into the Indian casino sector, a government report has said that more than 7,000 instances of suspicious transactions have been detected in the elite gaming business during the last financial year. A total of 7,006 Suspicious Transaction Reports (STRs)...
The Enforcement Directorate (ED) has launched a money laundering probe against a popular direct marketing company, the Amway India Enterprises (AIE), accusing it of pushing multi-level marketing (MLM) by enrolling people as members by offering them lucrative commissions on exorbitantly priced products. The ED's Hyderabad unit has registered an...
Sources in Lusaka have told the Times of Zambia that authorities have frozen Zamtel accounts pending money laundering investigations as a result of the transaction between the former MMD Government and LAP Green of Libya. And Information, Broadcasting and Tourism Minister Fackson Shamenda has said that security wings had the...
A federal judge Friday sentenced a Texas perfume vendor with Arizona connections to nearly 20 years in prison for his involvement in a money-laundering scheme that prosecutors said aided the Sinaloa cartel. Vikram Datta, 51, an Indian immigrant who did business in New York, New Jersey, Texas, Arizona and California...