All Money Laundering articles – Page 5
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NewsSFO launches money laundering and fraud probe into care home investor
The Serious Fraud Office (SFO) in the UK is investigating entrepreneur Gavin Woodhouse plus individuals and companies associated with him for suspected money laundering and fraud.
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NewsNamibia moves to introduce unexplained wealth orders
The Financial Intelligence Centre (FIC) in Namibia is working on introducing unexplained wealth orders to help prevent financial crime.
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NewsSyrian ‘bribed to win lucrative Venezuelan contracts’
Naman Wakil of Syria conspired with others to bribe officials at Venezuela’s state-owned energy and food companies to obtain contracts worth at least $250m (€211m), a Miami court was told.
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NewsEx-lawyer jailed in US for fraud and money laundering conspiracy
A judge in Colorado has imprisoned former California attorney David Kaplan for 36 months after he admitted his part in a conspiracy to commit wire fraud and money laundering.
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NewsPayroll boss sentenced for laundering $1bn-plus
Businessman Michael Mann has been jailed after admitting laundering more than $1bn (€845m) stolen funds from employers, employees, financial institutions and financing companies in the US over three years.
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NewsBritish banks ‘failing to fully support fraud victims’
Some UK banks are providing insufficient help to customers who fall victim to financial scams, leaving them at risk of losing more money in recovery fraud, according to consumer rights’ organisation Which?
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NewsMonzo subject to AML probe as it combats financial crime
UK financial watchdog FCA is investigating digital bank Monzo for compliance with anti-money laundering regulations. The checks come as the bank says it is stepping up measures to combat financial crime and reduce the risk of customers falling victim.
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NewsDrug traffickers’ money launderer jailed in US
A Mexican running a small convenience store and market in Oregon has been sentenced to 11 years in prison for using the business and its money-transmission licences to launder millions of dollars for a Mexico-based drug trafficking organisation.
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NewsTrial of cardinal accused of embezzlement starts at Vatican
Cardinal Angelo Becciu yesterday (27 July) sat through the opening day of his financial crimes court hearing in the Vatican. He and his former secretary, Monsignor Mauro Carlino, were the only two of the ten accused to attend: the others have exercised their right to be defended in absentia.
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NewsEl 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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NewsBrazilian 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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NewsMalta 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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NewsJapanese 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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NewsNew 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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NewsMoney laundering case against Messi dismissed
Fresh allegations accusing top footballer Lionel Messi of fraud, embezzlement and money laundering have been dismissed by a Spanish court.
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NewsRobinhood braced for multi-million fine in AML probe
Online trading app Robinhood said it expects to pay a $30m (€25.4m) penalty in relation to an anti-money laundering probe of its cryptocurrency business, according to a Securities and Exchange Commission (SEC) filing
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NewsDutch turn AML spotlight on second-hand lease car trade
The government and banks in the Netherlands are turning their attention to the second-hand lease car market in their fight against money laundering.
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NewsEC proposes setting up AML agency
The European Commission plans to create an EU authority to fight money laundering, along with new legislation to strengthen anti-money laundering and countering terrorism financing (AML/CFT) rules.
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NewsIsle of Man refreshes AML strategy
The government of the Isle of Man – an important international banking centre – has released an updated policy to combat money laundering and terrorist financing.
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NewsHong 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.