All Money laundering articles
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WebinarHow Financial Services Companies Can Protect Themselves Against Financial Crime
Webinar produced by GRC World Forums in association with Exterro
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NewsCollaboration central to new UK bill designed to fight financial crime
In its bid to become a global fintech centre and financial services leader, the UK has inadvertently made itself a larger target for the financial criminals, experts argue.
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WebinarHow Financial Services Companies Can Protect Themselves Against Financial Crime
Webinar produced by GRC World Forums in association with Exterro
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FeatureThe Expanded Threat of Money Laundering through NFTs and Digital Assets
It’s a tale as old as time how to cheat the state. Real estate and art have long been a common refuge for financial sleight of hand.
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ebookCrypto-crime
An introduction to ransomware, darknet markets, money laundering and related illicit activities defining the crypto- crime landscape today.
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NewsUS announces national cryptocurrency enforcement team
The United States Department of Justice (DOJ) has created a new task force to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency.
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NewsNatWest pleads guilty to money laundering failings
Britain’s NatWest bank has pleaded guilty to failing to prevent the laundering of nearly £400m.
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NewsBrazil to tighten penalties for crypto-related financial crimes
Brazil’s Special Committee of the Chamber of Deputies has approved a bill to crack down on cryptocurrency crimes, with focus specifically on individuals or groups who use cryptocurrency to launder money in Brazil.
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NewsSingapore builds digital platform to combat money laundering
The Monetary Authority of Singapore (MAS) is developing a digital network that will allow banks to share information on customers and transactions in order to combat money laundering, proliferation financing and terrorism financing.
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NewsGerman financial watchdog fines N26 for AML failings
German financial regulator BaFin has ordered online bank N26 to pay 4.25 million euros for lax money laundering controls.
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NewsInterpol arrests 1,400 in soccer gambling raids
Around 1,400 people were arrested following thousands of raids by specialised police officers across 28 Asian and European countries in Interpol’s latest crackdown on illegal gambling and related money laundering activities.
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NewsBasel Institute on Governance raises doubts on ML/TF fight
The organisation behind the Basel AML Index says the latest findings raise grave questions whether jurisdictions are serious about dealing with money laundering and terrorist financing (ML/TF).
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NewsUS manager of Nigerian romance scam jailed for money laundering
An Oklahoma man has received a four-year prison sentence for running a group of money launderers who used online dating websites to defraud romance seekers of at least $2.5m (€2.12m). Among the victims were elderly people across the US.
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NewsFinancial firm fined for breaching AML rules in New Zealand
Derivatives trader CLSA Premium New Zealand has been ordered to pay NZ$770,000 (US$547,000, €463,000) by the country’s high court for breaking anti money laundering laws on almost NZ$50m of suspicious transactions.
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NewsGerman government ministries raided in ML probe
Prosecutors in Germany have raided the finance and justice ministries as they investigate the government’s anti-money laundering agency, the Financial Intelligence Unit (FIU).
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NewsEx-Ericsson employee charged with bribery
A former account manager for Swedish telecom Ericsson has been charged in the US for his alleged role in paying around $2.1m (€1.78m) in bribes to Djibouti government officials and conspiring to launder funds.
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NewsFourteen charged after ML-linked raids in Ireland
Nineteen people have been arrested and 14 charged so far in an ongoing operation led by Irish police (Garda) targeting organised crime, drug trafficking and associated money laundering centred on the city of Limerick.
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NewsArmenia’s ex-prosecutor general charged with money laundering
The one-time prosecutor general in Armenia, Aghvan Hovsepyan, has been charged with laundering around AMD1.3bn ($2.5m, €2.1m) of money.
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NewsBritish online gaming operator fined for money laundering failures
The UK’s Gambling Commission has issued a £5.85m ($8.05m, €6.81m) penalty on Daub Alderney after finding anti-money laundering and social responsibility shortcomings.
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NewsHong Kong breaks up money-smuggling gang
Customer officials in Hong Kong have arrested five men suspected of laundering about HK$170m (US$21.8m, €18.6m) in the first case customs has detected of an attempt to smuggle money out of the territory by driving over the border.