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September 7 2018 In light of the Isle of Man’s progress in strengthening its framework to tackle money laundering and terrorist financing since the adoption of its mutual evaluation report in December 2016, MONEYVAL has re-rated the jurisdiction on 8 of the 40 Recommendations of the Financial Action Task Force...
  September 7, 2018  Investigators at Denmark’s largest bank are studying around $150bn of transactions that flowed through its Estonian outpost between 2007 and 2015 as part of an internal money-laundering probe, according to people familiar with the matter. Much of that figure, which dwarfs Estonia’s total deposits, came from companies with...
September 7 2018 Gardaí intend to make arrests and prepare a prosecution file for the DPP in relation to the suspected laundering by a Nigerian criminal network of more than €15m through Irish and international bank accounts. As part of the operation, 350 bank accounts in Ireland have been closed by...
September 7 2018 The government is caught in a Catch-22 situation. On the one hand, banks appear to have been the biggest laundry for unaccounted cash, with 99.3% of demonetised currency having returned to the banking system. But, on the other, it now turns out that the Pradhan Mantri Jan-Dhan...
September 6 2018 The French magazine L’Obs has exposed an international tax evasion and money laundering network, which is based in the United Arab Emirates. The magazine attained crucial documents (Dubai Papers) of the Helin Group of companies, under the investigation of Geneva and France courts. Well-installed in UAE’S Ras al-Khaimah; the company’s...
September 6 2018 Canada is being taken advantage by criminal organizations who launder dirty money from drug trafficking, smuggling, corruption and fraud, according to a report by the C.D. Howe Institute. And the feds have failed to enact the proper legislation to stop it, the Canadian research institute says.