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Latest news related to Anti-Money Laundering.

Suitcases of drug money arriving in South Florida are fueling legitimate commerce between Venezuela and the United States, even as ties between the two countries deteriorate, according to local and federal investigators. South Florida has become a hub of drug-money laundering, through a black-market exchange of U.S. dollars and Venezuelan bolivares, according...
It's fast becoming the money-laundering method of choice for Mexican drug traffickers, U.S. and Mexican officials say, and it involves truckloads not of cash, but of fruit and fabric. Faced with new restrictions on the use of U.S. cash inMexico, drug cartels are using an ingenuous scheme to move their...
Almost all reports related to transactions indicating money-laundering activities originate from financial service providers. The compliance divisions of banks spend a great deal of time and effort on implementing the various regulations and discovering risk-based approaches related to the detection and avoidance of money laundering, the financing of terrorism and...
Update (07 Aug 2013): It appears from the final disposition of United States of America vs All Assets of Lebanese Canadian Bank et all, including Mansour Bros Trading Inc. in Tampa Fl that they, Mansour Bros, were not so involved with Hizballah and support of terrorism through the shipment of...
Two men from British Columbia’s Fraser Valley have been convicted of fraud charges in connection with a series of scams that defrauded the federal government of millions in GST refunds. A B.C. Supreme Court judge delivered her decision in New Westminster Thursday morning. Sikander Singh Bath, of Mission, and Manjit Singh...
The Somerset County Prosecutor's office announced Friday that Robert E. Titus Jr., one of four defendants accused of defrauding $2.1 million from the Bernards Township School system while performing projects through Aramark Corp. between 2003-08, entered pleas of guilty to related charges in State Superior Court. Titus, 54, of Jackson, pleaded guilty...