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Latest news related to Anti-Money Laundering.

Beginning in February 2005 and continuing through early February 2011, Ervin, devised and implemented a scheme to fraudulently obtain funds for herself and others from Nordenia's payroll account, according to the United States Attorney's Office Eastern District of Missouri. As part of the scheme, Ervin, without the knowledge of or authorization from...
The Drug Enforcement Administration today announced that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Guatemalan national Horst Walter Overdick Mejia, a critical link in the drug trade between Colombian producers and the violent Mexican drug cartel Los Zetas, as a specially designated narcotics...
World Council of Credit Unions yesterday came out in strong support of revisions to regulations developed by the Financial Action Task Force (FATF) designed to combat money laundering and terrorist financing, and supported the FATF's revised due diligence recommendations that can be scaled to acknowledge credit union members' relative...
Terror financing and money laundering have become urgent problems for Kazakhstan, participants said. “The latest terrorist events, which took place in 2011 in several regions of Kazakhstan (Aktobe, Atyrau, Dzhambyl and Almaty oblasts), showed the need to review all work in combating this most dangerous crime,” said Assistant General Procurator...
The Council of Ministers yesterday approved the law for combating money laundering, which will also be applied to fight funding terrorism and terror organizations. The Cabinet meeting, which was chaired by Custodian of the Two Holy Mosques King Abdullah, also approved the establishment of Makkah Techno Valley as a Saudi...
Norwegian police believe that confessed terrorist Anders Behring Breivik generated as much as NOK 3.6 million (around USD 600,000) over the past few years by producing and selling false university diplomas over the Internet. His mother, reports newspaper VG, helped him launder the money. Breivik has claimed his bombing of...