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Latest news related to Anti-Money Laundering.

The BMPE is a complex, money laundering scheme in which drug proceeds enter the legitimate financial system through numerous “structured” cash deposits into accounts held by a legitimate business in the United States. The money is returned to drug traffickers when actual goods – in the case of ATC,...
Ihenacho and her husband, Baldwin Ihenacho, a registered pharmacist, co-owned and operated Meetinghouse Community Pharmacy in Dorchester. From about October 2007 and continuing to October 2008, Ihenacho and her husband conspired and agreed with others to intentionally distribute prescriptions that were issued outside of the usual course of professional...
From October 2007 until October 2008, Ihenacho and her husband, Baldwin Ihenacho, a registered pharmacist conspired to distribute prescription anti-anxiety and weight-loss drugs from Meetinghouse Community Pharmacy in Dorchester, which they co-owned, U.S. Attorney Carmen Ortiz said. Meetinghouse was the distributor for an Internet pharmacy in the Dominican Republic. Customers...
International tax consultant Dr Ikramul Haq on Monday said government’s decision to approve the SECP proposal on revamping the Capital Gains Tax allowing investors to inject money without declaring the source of income can facilitate money laundering. Talking to Dr. Murtaza Mughal, President of the Pakistan Economy Watch (PEW), he...
On the one hand, the inter-governmental Financial Action Task Force (FATF) has declared that countries whose anti-money laundering bodies refuse to exchange information with their counterparts will end up on a black list. On the other, the Egmont Group, an informal group of 127 financial intelligence units (FIUs) from all...
Documents released under freedom of information reveal that the Tax Office and other law enforcement agencies participating in Project Wickenby, an inter-agency taskforce targeting offshore tax evasion, have been quietly developing a comprehensive raft of new measures to combat abuse of ''secrecy havens'' - overseas countries with secretive tax...