France’s anti-money laundering authority has gone public with suspicions that foreigners are using investments in French vineyards to clean dirty money. The 2012 annual report form the Traitement du renseignement et action contre les circuits financiers clandestins (Tracfin), part of the Finance Ministry, published earlier this month, calls for...
The Financial Conduct Authority has published its first ever Anti Money Laundering Annual Report. The 20-page document focuses on money laundering, financial sanctions breaches and terrorist financing, and provides an overview of the FCA's approach to AML supervision, as well identifying key risks. Supervisory approach: risk based, intensive and...
Vatican City, 22 May 2013 (VIS) – This afternoon in the Press Office of the Holy See, Rene Brulhart, director of the Vatican Financial Information Authority (L’Autorità di Informazione Finanziara, AIF), presented the AIF's first annual report, which examines their activities and statistics from 2012. The AIF is the...
About 13,000 cases were opened in 2011 in connection with money laundering, which exceeds the number of similar cases in 2010 by 17%. The federal agencies think it is the highest level ever since the adoption of the Money Laundering Act in 1993. According to the leading European expert on the...