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April 10 2019 An investigation has begun into a €2m money laundering fraud involving so-called money mule accounts, where people have allowed their bank accounts to be used by others for criminal activity. The Garda National Economic Crime Bureau is examining transactions of up to €35,000 on over 200 accounts...
April 11 2019 In yet another chapter in the QuadrigaCX episode, it has been revealed that QuadrigaCX’s late Co-founder, Gerald Cotten, was associated with Liberty Reserve, a centralized digital currency that was shut down by the United States’ law enforcement, back in 2013. Cotten’s name has popped up with Michael Patryn,...
April 3 2019 A social media influencer in Miami who flaunted designer clothes and her red Lamborghini in online posts has been arrested on suspicion of involvement in her family’s alleged massive money laundering scheme. Colombia-born Jenny Ambuila, 26, often posted lavish lifestyle snaps on Facebook and Instagram, including trips to...
April 8 2019 A 53-year-old man from Mexico was sentenced Monday to a year in federal prison for his role in a complex money laundering scheme linked to the fashion district in Los Angeles. The scheme was uncovered in 2015 following a lengthy investigation by the U.S. Drug Enforcement Administration into...
April 9 2019 The British bank Standard Chartered has agreed to pay $1.1 billion to settle allegations by the authorities in the United States and Britain that it violated money-laundering laws and economic sanctions. The authorities, including the Treasury and Department of Justice as well as New York State regulators and...
April 9 2019 Money laundering has been pinpointed as a problem for the UK, with trillions of pounds thought to be sloshing through banks and properties. It has been pinpointed as a target for the government, with economic secretary to the Treasury John Glen saying that “money laundering regulation exists...