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Latest news related to Anti-Money Laundering.

July 8 2018 As stated under the terms of the agreement, the Tel Aviv-based Bits of Gold will provide transactional data of customers, making more than ILS 1,81,902 ($50,000) in a 12-month period, to Israel’s Money Laundering and Terror Financing Prohibition Authority (IMPA). The report added local tax authorities might not be given...
July 8, 2018 The UK tax authority almost doubled the fines it handed down for violations of money-laundering rules in the latest financial year, as the government steps up efforts to root out suspicious cash. HM Revenue & Customs, which oversees compliance with anti money-laundering regulations by businesses including accounting firms,...
July 3 2018 Former Malaysian Prime Minister Najib Razak was arrested Tuesday by anti-graft investigators and will be charged over his alleged role in the multibillion-dollar looting of a state investment fund, officials said. A government task force probing alleged theft and money laundering at the 1MDB state investment fund said...
July 6 2018 A former postmaster and his brother set up a money service bureau that was used as a front to launder massive sums of criminal money. Choudry Yahya worked in unison with his brother Shabaz Ali and other co-conspirators. Their business was a fundamental part of a serious organised crime...
July 5 2018 The mayor of Sabana Grande, Puerto Rico, Miguel Ortiz, has been indicted and arrested for his participation in a conspiracy to “steal federal funds involving fraudulently obtained contracts” from the island’s Education Department, U.S. Attorney Rosa Emilia Rodríguez Vélez, of the District of Puerto Rico, announced Thursday. In...
July 5 2018 A hyped luxury North Texas residential community — marketed as a five-star resort built to withstand a nuclear war — is now at the center of an FBI money laundering investigation. According to a federal criminal complaint obtained by CBS 11 News, Trident Lakes owner and manager John...