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Latest news related to Anti-Money Laundering.

According to the indictment, for more than five years the conspiracy has operated websites that unlawfully reproduce and distribute infringing copies of copyrighted works, including movies—often before their theatrical release—music, television programs, electronic books, and business and entertainment software on a massive scale. The conspirators’ content hosting site, Megaupload.com,...
The Asian worker was caught red-handed while conducting several bank wire transfers through Saudi banks. He managed to wire the money to various destinations in Dubai, Malaysia, India and Syria by depositing checks in different bank branches. Three other suspects were involved in this operation. In the beginning, the Asian...
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...