All AML articles – Page 3
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News
El Salvador’s ex-President charged with money laundering
Prosecutors in El Salvador have charged former President Salvador Sanchez Ceren and nine former officials with illicit enrichment and money laundering.
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News
Brazilian court seizes $33m in money laundering case
A court has ordered confiscation of BRL172m ($33.1m, €28.1m) and the freezing of bank accounts of two individuals and 17 companies while Sao Paulo state police probe alleged money laundering through bitcoin trading.
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News
Malta seeks German help in hunt for international tax dodgers
The Maltese government has asked Germany for access to data on offshore holdings in Dubai, the United Arab Emirates, to crack down on large-scale tax evasion and financial crime.
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News
Japanese banks to share AML/CFT information
The banking sector in Japan plans to deploy an industry-wide transaction monitoring and screening system for anti-money laundering and countering financing of terrorism.
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News
New Zealand bank to pay penalty for money-laundering failures
The TSB in New Zealand has agreed to pay NZ$3.85m (US$2.67m, €2.27m) in penalties after acknowledging a failure to comply with anti-money laundering rules.
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News
Hong Kong authorities break up money laundering gang
Customs officials in Hong Kong say they have dismantled a money laundering group which used cryptocurrency Tether to process HK$1.2bn ($154m, €131m) in illegal funds.
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News
New AML bill presented to Liberia’s parliament
Liberia President George Weah has submitted an anti-money laundering bill to the country’s legislature to replace the Anti Money Laundering and Financing Act of 2012.
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News
UK police seize record amount of cryptocurrency in money laundering case
The Metropolitan Police (Met) in the UK have confiscated almost £180m ($250m, €210m) in cryptocurrency as part of an ongoing investigation into international money laundering.
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News
Momentum fined for having inadequate measures against financial crime
South Africa’s Financial Sector Conduct Authority (FSCA) has ordered Momentum Wealth and Momentum Collective Investments to pay ZAR11.1m ($773,000, €654,000) after an inspection found weaknesses in their money laundering and terrorist financing controls.
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News
EC ‘to set up AML body’
The European Commission is said to be proposing establishment of the Anti-Money Laundering Authority (AMLA), plus closer supervision of crypto-assets, in response to calls for tougher action against dirty money.
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News
Pakistan establishes AML/CTF unit
The National Accountability Bureau, Pakistan’s anti-corruption watchdog, has set up an anti-money laundering and terror financing team (AML/CTF) to check financial crimes and illegal transfer of resources.
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News
Banks in Latvia improve AML/CTF controls
Latvia’s Finance and Capital Market Commission says banks in the country have implemented numerous changes to improve their internal control systems.
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News
Council of Europe tells Vatican to strengthen AML/CTF measures
Though the Holy See, including Vatican city state, has made progress combating the threat of money laundering and financing of terrorism through its financial transactions, processes can be improved, says the Council of Europe.
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News
UK financial watchdog extends AML registration deadline
Partly because of a lack of take up, Britain’s Financial Conduct Authority (FCA) is extending the end date of its temporary registrations regime for existing crypto asset businesses to 31 March next year from 9 July.
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News
Fresh AML drive in UAE
The ministry of economy in the UAE has launched a campaign to ensure more than 500,000 of the nation’s non-financial businesses submit data on their ultimate beneficiaries by 30 June.
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News
Philippine AML watchdog gears up for prosecutions
The Anti-Money Laundering Council (AMLC) in the Philippines is prepared to take supervisory action after a review revealed financial businesses submitted incorrect filings in suspicious transaction reports (STRs), says executive director Mel Georgie Racela.
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News
Large crypto exchange Gemini signs agreement with Comply Advantage
Gemini , one of the world’s largest cryptocurrency exchanges, has selected ComplyAdvantage’s hyperscale platform for its AI-powered AML risk management.
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News
Saudi Arabia to implement stricter AML rules for Forex offices
The authorities in Saudi Arabia have reportedly approved stricter rules to combat money laundering and terrorism financing.
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Blog
A single AML supervisor and rulebook might just be what’s needed to drive true collaboration in Europe
As European finance ministers agreed to progress plans for a major reform of anti-money laundering regulation in the European Union, Nina Kerkez outlines the likely benefits and challenges.
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