Home AML Page 3

AML

The home category to host all the sub categories

November 6 2018 Malta is at high risk of being exploited for money laundering, according to a national study revealed by the Times of Malta. The Maltese government’s 2017 assessment, which has not yet been published, found the country to be at high risk of foreign proceeds of crime being transferred into...
November 5 2018 Every year around 16 billion euros is laundered in the Netherlands, 90 percent of which come from drug trafficking and fraud, researchers at Utrecht University found in a study commissioned by the the scientific research and documentation center WODC. Fraud is increasing and the under- and upper world...
November 5 2018 The European Central Bank has withdrawn the banking licence of Malta's Pilatus Bank, the island's financial regulator said on Monday, after the lender was accused of processing corrupt payments for senior Azeri and Maltese figures. The accusations were made by investigative journalist Daphne Caruana Galizia, who was killed...
November 2 2018 The Tax and Customs Police Department of the State Revenue Service (VID) at present in investigating 131 criminal cases on money laundering, said the department’s director Kaspars Podins. This year 11 money laundering processes were started. He said that in parallel to these criminal procedures, decisions are made...
November 1, 2018  Danske Bank is aiming to overhaul its culture to encourage employees to report negative news after identifying the downplaying of criminal activity as the biggest flaw that led to a €200bn money laundering scandal. Jesper Nielsen, Danske’s interim chief executive, told the Financial Times that Denmark’s biggest lender had...
November 2 2018 The Legislative Yuan passed amendments Friday to existing anti-money laundering and terrorism financing prevention laws that regulate transactions of virtual currencies such as bitcoin to help combat online financial crimes. The amendments to the Money Laundering Control Act and the Terrorism Financing Prevention Act give Taiwan's Financial Supervisory...