AML News

Latest news related to Anti-Money Laundering.

October 4 2018 Danske Bank faces a U.S. criminal investigation into a 200 billion euro ($230 billion) money laundering scandal at its Estonian branch which has rocked investor faith in Denmark's biggest lender and forced its chief executive to quit. Shares in Danske Bank have lost a third of their value...
October 2 2018 The recent security breach that affected 50 million Facebook accounts came days after a report by Asia Pacific Group (APG) flagged the use of the social networking website in activities linked to money laundering and terrorist financing. APG is an inter-governmental authority set up in 1997. At present, it has...
October 1 2018  A Swansea company and a number of people are facing charges in what prosecutors call a "major" illegal gambling and money-laundering operation. The Massachusetts Attorney General's Office announced grand jury indictments Monday against Televend, Inc. and six individuals accused of being the leaders of the operation. The people charged are: Clifford...
October 2 2018 Nordea is suspected of being part of a major international money-laundering scandal involving a Russian client and a tax company. For almost four years, the fraud squad has tried to pursue a criminal case against a Russian client and a company in Belize in Central America, suspected of...
October 1 2018 At the end of last week, the Wall Street Journal published a thoroughly-investigated report of illicit funds close to $100 million being funnelled through cryptocurrencies via crypto exchanges. The article details that at least 46 exchanges were involved in the laundering of $88.6 million. However; most of the stolen funds were reportedly...
October 1 2018 A Maltese wealth management firm suspected of being used in a high-profile money laundering scheme, has been fined €370,000 by the Financial Intelligence Analysis Unit over its scant due diligence on its politically exposed clients (PEPs). Portmann Capital Management is contesting the fine after the financial regulator (MFSA) ordered that the company, owned...