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Latest news related to Anti-Money Laundering.

BY ALICIA CRUZ NEWJERSEYNEWSROOM.COM Following two hours of deliberation Thursday, a Camden federal jury returned four guilty verdicts against a New York woman accused of orchestrating a mortgage fraud scheme in Atlantic City that involved seven properties purchased and re-sold 17 times over a six-month period of time. Jong Shin was found...
Reuters: NEW YORK (Reuters) - A Long Island man was sentenced to 25 years in prison Friday after admitting to stealing more than $195 million from thousands of investors in the course of a five-year, $400-million Ponzi scheme. Nicholas Cosmo, 40, was ordered by U.S. District Judge Denis Hurley to repay...
Posted on Sun, 10/16/2011 - 11:41 in Finance  (CNS): Financial services industry institutions need to look out for a slew of new methods criminals are using to exploit the system and launder money, turning the proceeds of crime into clean money, according to Antiguan anti-money laundering specialist Kem Warner, from...
2:00pm Friday 14th October 2011 TRAGIC lawyer Stephen Curtis pocketed £18million for setting up a money laundering scheme for a Russian oligarch, a court was told. Mr Curtis, who died in a helicopter crash in 2004 as he returned to his home, Pennsylvania Castle on Portland, made a name for himself...
Posted on Fri, 10/14/2011 - 08:30 in Crime (CNS): Although the Cayman Islands may be the highest ranking Caribbean nation when it comes to meeting international anti-money laundering standards, the jurisdiction still needs to pay close attention to the activities of its neighbours within the region when it comes to money...
High quality global journalism requires investment. The uprisings across the Arab world this year have focused the minds of regulators and prosecutors on money laundering. They may have rich pickings: a recent survey of 600 compliance officers around the world by Dow Jones, the publisher of The Wall Street Journal, and...