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Latest news related to Anti-Money Laundering.

A time-barring provision in the legislation to prevent money laundering can aid offenders and cause huge losses to the exchequer, the chief of the adjudicating arm of the enforcement directorate (ED) has warned. The adjudicating authority formed under the Prevention of Money Laundering Act, 2002 must confirm the ED's provisional...
Ghanaians are now very aware about the ponzi scheme or money laundering scheme the NDC party has perpetrated on the poor taxpayers of our country through the loophole called settlement debts. Woyome is now a household name in negative terms because of the 92 million Ghana cedis or 60...
It's difficult to understand how $US15.5 million could be stolen in such a way. But that is what happened at Commerzbank in Germany when expatriate English bankers Matthew Holmes and Donald Somers secretly transferred the funds to an ABN Amro Bank account in Amsterdam held by a company based...
The National Board of Revenue (NBR) has modified scope for black money to be invested in stocks and said money earned through criminal acts will not be allowed into the markets. Black money in stocks will not be questioned under the income tax law, but other laws can be applied...
The Dubai Financial Services Authority (“DFSA”) announces today that His Highness Sheikh Mohammed Bin Rashid Al Maktoum, in his capacity as Ruler of Dubai, has enacted amendments to the Dubai International Financial Centre (DIFC) Law No 1 of 2004 (Regulatory Law 2004) under which the regulation of DIFC Anti-Money...
According to documents filed in the case and statements made in court during the plea, Padron admitted that he and others would recruit individuals who owned automobiles and had certain automobile insurance to participate in staged automobile accidents. The recruiters coached the participants on how to stage the accident,...