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Latest news related to Anti-Money Laundering.

Former U.S. House Majority Leader Tom DeLay -- once one of the most powerful and feared Republicans in Congress -- was convicted Wednesday on charges he illegally funneled corporate money to Texas candidates in 2002, which could send him to prison for decades. Jurors deliberated for 19 hours before returning...
Trinidad Guardian: A wireless money transfer is said to be the source of funds allegedly used to finance a tranche of high profile rifles shipped to T&T. Well placed sources revealed to Sunday Guardian that the alleged shipment of rifles was being paid for via transactions at money transfer outlets. These...
The U.S. government has blacklisted more Mexican individuals and companies this year than any other single country or group — and that includes North Korea, Iran, Syria and Al Qaeda. Three hundred Mexicans and 180 Mexican companies are on the so-called kingpin designation list, the Treasury Department's roster of people...
A federal regulator has ordered a small Bergen County bank taken over last year by private equity magnate J. Christopher Flowers to stop conducting certain businesses until it beefs up its ability to fight money laundering. Saddle River Valley Bank, which operates two branches and has roughly $118.5 million in...
Money launderers for ruthless Mexican drug gangs have long had a formidable ally: international banks. Despite strict rules set by international regulatory bodies that require banks to "know their customer," make inquiries about the source of large deposits of cash and report suspicious activity, they have failed to do so...
Some Saudis allow expats to use their names or licenses — ignoring the law When foreigners desire to do business in any country, they should take appropriate measures to be aware of its relevant laws and regulations, in order to conduct business properly and avoid doing anything that violates the...