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Latest news related to Anti-Money Laundering.

October 19 2019 A French power couple who dominated politics in a wealthy suburb of Paris for decades were given jail terms Friday for money laundering, sealing their fall from grace after earlier convictions for tax fraud. Patrick Balkany, the longtime mayor of Levallois-Perret and a veteran player in right-wing politics,...
U.S. District Court Judge Philip A. Brimmer sentenced Philip Lochmiller, Sr., age 64, to serve 405 months (over 33 years) in federal prison for conspiracy, money laundering conspiracy, money laundering, and mail fraud, U.S. Attorney John Walsh, FBI Special Agent in Charge James Yacone, and IRS-Criminal Investigation Special Agent...
The Bill widens the scope of what constitutes money laundering, increases the list of entities which can report money laundering crimes, modifies the fine levied as penalty and seeks to bring the legislation on par with international standards. Moving the Prevention of Money Laundering (Amendment) Bill, 2011, Finance Minister P...
November 18 2016 The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-seven jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), Financial Action Task Force Recommendations (FATF Recommendations). In order to protect...
From June 2010 through February 2012, Shafique engaged in a large-scale operation to traffic 149,668 cases of contraband cigarettes and defraud New Jersey of more than $4 million dollars in tax revenue. Shafique purchased the cigarettes from undercover officers and then laundered the proceeds through the bank account of...
August 17 2016 The Counter-Terrorism Financing Summit 2016 brought together leaders and experts in counter terrorism financing and financial intelligence from around the world to begin the process of developing regional solutions to terrorism financing issues and risks.  Australia’s financial intelligence agency (AUSTRAC) and its Indonesian counterpart financial intelligence unit,...