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Latest news related to Anti-Money Laundering.

Verafin Inc., a leading provider of compliance, anti-money laundering (AML) and fraud detection software, today announced it has entered a formal partnership with Open Solutions Inc.(R) The partnership brings Verafin's converged fraud detection and anti-money laundering (FRAML) solution to customers of Open Solutions' on-demand and on-premise core banking solutions....
New Delhi: The Enforcement Directorate will attach an estimated Rs 50 crore of assets of Pune stud farm owner and alleged tax defaulter Hasan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case. The Adjudicating Authority of the agency based in Delhi recently endorsed an order...
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today proposed regulations that would require government-sponsored enterprises (GSEs) Fannie Mae, Freddie Mac and the Federal Home Loan Banks to develop anti-money laundering (AML) programs and file suspicious activity reports (SARs) with FinCEN. The GSEs currently file fraud reports with their...
An employee of the one of the major Lichtenstein banks recently sold details of all their account holders to the German and UK tax authorities. Employees of various Swiss banks have done something similar. I can imagine it’s very lucrative work. On top of that, the US and the...
Industry officials have given a mixed response to a worldwide governmental pledge designed to block the flow of corrupt money into the global banking system following the Arab Spring. The resolution was signed by 140 governments last week at a United Nations (U.N.) anti-corruption conference in Marrakesh, Morocco. The nations...
Canada's financial intelligence agency pinpointed more than 100 transactions that may have involved terrorism-tainted cash last year — part of a record number of disclosures to police and spy services. In its annual report released Wednesday, the Financial Transactions and Reports Analysis Centre says it passed along information about 777...