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Latest news related to Anti-Money Laundering.

The Santa Clara County District Attorney’s Office, in partnership with the Santa Clara County Sheriff’s Department, has uncovered a money laundering scheme within the walls of the Milpitas-based Elmwood Correctional Facility that has left 34 victims with a total of $17,000 in losses. According to County District Attorney Jeffrey Rosen and Deputy...
The small Caribbean island called the British Virgin Islands, the base of Shanghai Fengyue BVI, a company that Botswana Development Corporation (BDC) partnered with in the controversial glass manufacturing deal is known as a haven of money laundering and tax evasion. According to this year's International Narcotics Control Strategy Report...
Two Leicester-based businessmen of Indian origin in the UK are facing money-laundering charges, after the duo transferred 4.6 million pounds in cash to India and Dubai. The accused Harish Patel (55) and Ravindra Patel (50) have, however, denied the charges against them. The Leicester Crown Court, which is hearing the case,...
German prosecutors indicted five men, including four German banking executives, on charges of laundering $150 million for a former Russian telecommunications minister in one of the highest-level criminal probes of a Russian official outside Russia. The indictments follow a six-year investigation into allegations that four current or former Commerzbank AG...
Real estate agents, gems and precious metals traders will soon come under the ambit of country's anti-money laundering law. The Union Cabinet on Tuesday approved changes to the Prevention of Money Laundering Act that seeks to make them reporting entities under the law to bring it on par with international standards. "The Bill...
A chart provided by NYTimes shows the flow, how the Lebanese bank was involved in money laundering. Link to the transaction flow: here The complete story: Last February, the Obama administration accused one of Lebanon’s famously secretive banks of laundering money for an international cocaine ring with ties to the Shiite militant...