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Latest news related to Anti-Money Laundering.

14 owners and employees of grocery stores in Newark, Camden, East Orange and Irvington have been indicted for conspiring to use fake vouchers to steal more than $1 million from the federally funded Women, Infants and Children nutrition program. The state Division of Criminal Justice obtained a seven-count state grand...
On November 7, 2011, the Minister of Finance proposed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (the Regulations) through the publication of a consultation paper (the Consultation Paper). For the most part, these amendments are focused on strengthening both the identification and customer due...
AHMEDABAD: The Enforcement Directorate (ED) has closed in on a city-based businessman who is accused in a Rs 400 crore scam involving 23 banks. ED officials had in July this year attached properties and assets worth Rs 5.2 crore in the Vishal Exports Overseas Ltd (VEOL) bank fraud case. On...
Regional rural banks (RRBs), state co-operative banks (SCBs) and district central co-operative banks (DCCBs) would be penalised if they fail to implement know your customer (KYC), anti-money laundering (AML) and combat financing of terrorism (CFT) guidelines. State-run National Bank for Agriculture and Rural Development (Nabard) said during its inspection it...
 WASHINGTON, Nov 16 (Thomson Reuters Accelus) - The U.S. Treasury Department is developing long-awaited anti-money laundering rules for investment advisers and plans to involve the Securities and Exchange Commission and state regulators in the process, a senior department official said. James Freis Jr., director of Treasury's Financial Crimes Enforcement Network...
In another signal that federal prosecutors are ratcheting up the heat on large commercial marijuana cultivation operations, officials in Sacramento are going after the real estate and bank accounts of growers with civil forfeiture complaints. Sacramento-based U.S. Attorney Benjamin Wagner filed civil forfeiture complaints to seize land and bank accounts...