Home AML AML News Page 520

AML News

Latest news related to Anti-Money Laundering.

Source: Reuters Fri Oct 14, 2011 5:24am EDT October 13 (Thomson Reuters Accelus) - International travelers would have to file reports when carrying prepaid access cards and devices loaded with large amounts of money in or out of the United States, under a U.S. Treasury proposal made under pressure from Congress.  Ref: new...
FINRA Fines Citigroup $500,000 for Failing to Supervise Sales Assistant Who Misappropriated Customer Funds Tuesday, August 9, 2011 The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Citigroup Global Markets, Inc. $500,000 for failing to supervise Tamara Moon, a former registered sales assistant at the firm's branch office...
Source Thailand Business news: Quote From August 25, 2011, all commercial banks are required by the Ministerial Regulations issued by virtue of the Anti-Money Laundering Act to identify and verify, and maintain copies of, the identities of customers, and to report certain types of transactions as required by law. In some...
3 October 2011 SFC reprimands and fines Citigroup Global Markets Asia Limited $6 million and suspends its former responsible officer  The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citi Asia), fined it $6 million, and suspended the approval granted to Ms Lisa Chan Sin Man, to...
By Business Line From next month, your insurance premium beyond Rs 50,000 can be paid in cash only if you have a permanent account number (PAN). The insurers should verify the authenticity of the permanent account number, according to the modifications in the anti-money laundering norms announced by the Insurance...
By ARAB NEWS Published: Oct 13, 2011 01:34 Updated: Oct 13, 2011 01:34 RIYADH: Board level interest in anti-money laundering (AML) is being squeezed by other priorities, according to KPMG’s Global AML survey 2011. The survey revealed a nine percentage point drop in boards considering AML to be a high profile...