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Latest news related to Anti-Money Laundering.

September 13 2018 The Vatican has launched an investigation in the Sistine Chapel Choir, after claims that members of the world-renowned choir may be involved in embezzlement, fraud and money laundering. The Vatican issued a statement on Wednesday confirming that Pope Francis had authorised an investigation into possible financial irregularities in the choir,...
September 12 2018 The Asian Development Bank (ADB) has launched a tool devised to “move the needle” on the effects of anti-money laundering (AML) rules in trade finance. The Trade Finance Scorecard is designed to help mitigate some of the unintended consequences of regulators’ crackdown on money laundering in trade. The diagnostic...
September 12 2018 A Clermont County grand jury on Tuesday indicted nine people on charges of trafficking in marijuana, using local restaurants to launder hundreds of thousands of ill-gotten dollars, and then using that money to gamble over $100 million at Jack Casino in 2017 alone. Upon their arrests, officers recovered...
September 12 2018 Brussels wants to hand an EU watchdog sweeping new powers to crack down on money laundering in the wake of a series of scandals have revealed criminals’ ability to exploit the banking system. The European Commission proposed on Wednesday that an EU-level agency should be able to...
September 11 2018 Interpol has issued a red corner notice (RCN) against Purvi Modi, sister of fugitive diamond trader Nirav Modi, for her arrest in the Rs 13,500 crore Punjab National Bank swindle. The RCN has been issued on a request made by the Enforcement Directorate (ED ) which has registered...
September 11 2018 Dutch bank ING said its chief financial officer had resigned after being singled out as responsible for the compliance failings that allowed companies to launder hundreds of millions of euros and pay bribes. Koos Timmermans, a 22-year veteran of ING, is the most senior executive to leave...