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Latest news related to Anti-Money Laundering.

  Soon, you may be able to buy mutual fund units, shares, insurance policies, bank deposits and other such financial products with a single Know Your Customer (KYC) compliance. Financial Intelligence Unit-India (FIU-Ind), the national agency monitoring suspect financial transactions, has initiated discussions with different financial sector regulators to build a...
Posted: 11/05/2011 11:20:39 PM MDT LAS CRUCES - There's an estimated $20 billion paid to Mexican drug cartels each year - a hefty portion of which comes from the pockets of Americans, said New Mexico Attorney General Gary King. And somehow those dollars must get to the narcotics dealers in other countries...
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...