All Money Laundering articles
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NewsCrown Resorts probed by AUSTRAC over possible AML breaches
Australian casino operator Crown Resorts has revealed that it is being investigated over possible breaches of anti money laundering and counter-terrorism financing laws.
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ebook
Crypto-crime
An introduction to ransomware, darknet markets, money laundering and related illicit activities defining the crypto- crime landscape today.
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Video
GRC TV: The World’s Greatest Money Laundering Scheme: An interview with Casey Michel on American Kleptocracy
Access this episode on demand, as we delve into The World’s Greatest Money Laundering Scheme: An interview with Casey Michel on American Kleptocracy.
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News
US 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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News
NatWest 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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News
Brazil 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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News
Singapore 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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News
German 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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News
US to target cryptocurrency firms involved in ML
The US government is reportedly set to prepare an array of actions, including sanctions to deter cryptocurrency firms getting involved in ransomware and laundering.
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News
Interpol 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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News
Basel 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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News
US 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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News
Financial 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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News
German 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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News
National Australia Bank tightens up AML regime
Staff and specially hired consultants are checking millions of National Australia Bank customer accounts in an internal project to plug holes in the bank’s anti-money laundering measures, CEO Ross McEwan told the parliamentary economics committee.
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News
Ex-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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News
Fourteen 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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News
Armenia’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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News
Austrac updates ML/TF risk assessments for banks
Australia’s financial crime watchdog Austrac has released four new money laundering and terrorism financing (ML/TF) risk assessments for the banking sector.
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News
British 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.
