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Background 1.1 There are a number of businesses which are vulnerable to misuse by money launderers and those facilitating the movement of terrorist finance1. International standards have been developed (agreed by the 36 Member States of the Financial Action Task Force) to ensure that there are sufficient controls and procedures...
Over the past few months, much has been made of the lack of filing against charges by any authority against Speak Asia. For the most part, this has been seen as conclusive evidence by Speak Asia members that the company is wholly innocent and that the pyramid business model...
An FBI agent yesterday testified in the Tk-20.41-crore money-laundering case filed against BNP chief Khaleda Zia's son Tarique Rahman and his business partner Giasuddin Al Mamun. This is for the first time that a US Federal Bureau of Investigation agent has testified before a court in Bangladesh. The testimony is...
In its recent decision in Federation of Law Societies of Canada v. Canada (Attorney General), the British Columbia Supreme Court (the Court) affirmed the importance of the solicitor-client relationship, and declared certain federal legislation unconstitutional because it would have interfered with that relationship. This case confirms the importance of...
HONOLULU -- A former Waipahu high school business manager pleaded guilty Monday in Circuit Court to stealing nearly half a million dollars from the school. As part of a plea agreement, Warren Harada will have to spend time in jail and will have to pay back the money he...
Federal authorities have charged the owner of a Newark used-car dealership and his father with money laundering for allegedly helping a customer they believed trafficked in cocaine hide paperwork from the government for two luxury cars he purchased, the Office of U.S. Attorney Paul J. Fishman said today. The customer...