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Latest news related to Anti-Money Laundering.

February 2 2019 It doesn’t appear that the money-laundering saga plaguing Canada is going to go away anytime soon. Dating back to 2015, investigations have been conducted that allege a widespread network of illicit activity regarding large financial transactions of questionable provenance at a number of casinos. Most notably, River Rock Casino...
February 2 2019 Just about everyone has had their identity compromised in the past year, from data breaches to credit card fraud. It happens because it’s easy to do and hard to stop - unless you’re the person with a foot on the brake. Literally. 11Alive Investigator Rebecca Lindstrom followed behind...
January 31 2019 Members of European Parliament would like increased transparency when it comes to Luxembourg’s tax shelters for wealthy art collectors.  In a letter earlier this month, German MEP Wolf Klinz asked the European Commission to close loopholes that allow potential financial crimes to occur. In particular, the parliament member singled...
January 31, 2019 The City of Vancouver is no longer accepting cash payments over $10,000 in an effort to prevent money laundering. While the city is not required to report cash transactions greater than $10,000, it says in a news release that the new policy aligns with the aim of Canada’s...
January 29, 2019 The Gulf city of Dubai has been slammed as a “money laundering paradise” by leading anti-corruption group Transparency International. Dubai – one of the seven emirates that make up the UAE – has built a reputation as the pre-eminent business hub in the Middle East, with an open...
January 30 2019 Yesterday, a joint action led by Germany (the Public Prosecutor’s Office (PPO) Cologne and Police Cologne) and Italy (PPO Bolzano, with the support of Guardia di Finanza Brunico) resulted in the dismantling of an organised crime group (OCG) involved in large-scale financial fraud and money laundering across Europe....