Home AML AML News Page 542

AML News

Latest news related to Anti-Money Laundering.

On October 6, HMRC released the full details of its controversial deal with Switzerland, designed to enabling the taxation of undeclared assets hidden in Swiss bank accounts in return for account holders retaining their anonymity. Just five years ago, such an agreement would have been unheard of, but the...
Quest CE, premier provider of insurance continuing education and FINRA firm element training is proud to announce the newest addition to its growing collection of Firm Element compliance training solutions, the anti-money laundering (AML) audit assistance tool. FINRA rule 3011 along with the USA Patriot Act requires all financial...
Washington, October 24, 2011 –Most large-scale corruption cases involve using legal entities to conceal ownership and control of corrupt proceeds, and policymakers should take steps to improve transparency to reduce opportunities for wrongdoing, according to a study released today by the Stolen Asset Recovery (StAR) Initiative of the World...
OCTOBER 22, 2011, 7:22 A.M. ET With Moammar Gadhafi dead, and his regime toppled, now the real grab for money and power can begin. Libya, and by proxy its dictator, owned vast assets within the African nation, including its oil industry and airline, as well as billions of dollars in...
Source : IRS website The following examples of money laundering investigations are written from public record documents on file in the court records in the judicial district in which the cases were prosecuted. Florida Man Sentenced in Separate Wire and Mortgage Fraud Conspiracies On September 30, 2011, in Miami, Fla., Manetirony Clervrain,...
Oct. 19 (Bloomberg) -- Georgian police seized “several million dollars and euros” from billionaire Bidzina Ivanishvili’s Cartu Bank and detained at least six people on suspicion of money laundering. Shota Utiashvili, an Interior Ministry spokesman, said by telephone that the money belonged to Tbilisi-based Cartu and had been seized from...