AML News

Latest news related to Anti-Money Laundering.

December 10 2019 The AGA (American Gaming Association), the preeminent lobbying group working on behalf of the gaming industry, has issued new guidelines that are geared towards further safeguarding against money laundering being facilitated inside casinos. Casinos in the United States that generate $1 million or more in annual gross gaming...
December 10 2019 A Swiss court convicted a Belgian lawyer on Monday of money-laundering and forgery for taking shares now worth more than 60 million Swiss francs ($60 million) from Belgium's richest family and stashing them in accounts and offshore companies. The unidentified defendant, who denied the charges, was sentenced to...
December 9 2019 JPMorgan Chase & Co.’s blockchain-based information network for payments is drawing the greatest interest in Japan, a country long blamed for weak measures against money laundering. More than 80 Japanese banks have expressed a willingness to join the Interbank Information Network, said Daizaburo Sanai, an executive director at...
December 8 2019 Even as the new polymer $100 banknotes arrived at the Central Bank under tight security, Finance Minister Colm Imbert disclosed that over 80 million existing bills would have to be phased out of the system. He made the announcement on Saturday as he debated the Miscellaneous Provisions (Proceeds...
December 9 2019 Deutsche Bank has to divest itself of several thousand customers. Many of them are in investment banking. The background to this is that the bank has sometimes failed to obtain certain information about its customers in time. This is the only way to prevent the misappropriation of accounts...
December 8 2019 Thomas Bowers, one of Deutsche Bank's senior executives, was allegedly committed suicide by hanging himself from the ceiling in his home in Malibu. The suspect is seen as a suicide. Recently, a method chosen by senior finance and bank executives to commit suicide. Among the major financial institutions,...