All Money Laundering articles – Page 8
-
NewsPakistan to work towards meeting FATF’s AML conditions
The Pakistani government is to bring in a swathe of new rules and procedures with the goal of ending its three years on the Financial Action Task Force’s grey list which subjects it to increased monitoring.
-
NewsEuropean Banking Authority outlines plans for a centralised AML/CFT database
The European Banking Authority (EBA) has published a consultation paper on plans for an anti-money laundering (AML) and counter terrorism financing (CTF) centralised database in the European Union.
-
NewsSwedbank fined by stock exchange for AML failings
Swedbank has been fined a total of $5.5million (SEK46.6m) by Nasdaq Stockholm’s disciplinary committee for historical AML (anti-money laundering) failures.
-
NewsDozens arrested and 800 officers deployed in major anti-mafia operation in Europe
A total of 31 people have been arrested in a major operation against international drug trafficking and money laundering which saw the deployment of 800 police officers and tax officials.
-
NewsNorway’s largest lender fined $48 million over AML failings
Norwegian bank DNB ASA has been fined 400 million Norwegian Kroner ($48.1 million) for failing to adequately comply with anti-money laundering requirements,
-
NewsBaFin tells Deutsche Bank to improve AML safeguards
Germany’s financial regulator has ordered Deutsche Bank to do more to improve its anti-money laundering safeguards.
-
NewsNew Zealand told to improve availability of beneficial ownership information
The Financial Action Task Force (FATF) has told New Zealand told to strengthen its anti-money laundering (AML) and counter terrorism financing (CTF) operations in several areas, including improving the availability of its beneficial ownership information.
-
NewsProsecutors drop all charges against Danske Bank executives in €200bn laundering probe
Prosecutors in Denmark have dropped charges against the former chief executive of Danske Bank and two other senior executives as part of their investigation into the bank’s Estonian branch money laundering scandal.
-
NewsMan charged in US with operating ‘notorious’ darknet cryptocurrency mixer as laundering service
A dual Russian-Swedish national accused of moving bitcoin worth $335 million through a ‘notorious’ money laundering cryptocurrency mixer has been arrested and charged in the United States.
-
NewsVASPs now subject to Ireland’s AML/CFT rules
Virtual Asset Service Providers (VASPs) in Ireland are now required to register with the country’s central bank to comply with anti-money laundering and countering financing of terrorism (AML/CFT) obligations.
-
NewsLondon’s money laundering role to feature in Italian mafia trial
The way financial centre London is used to handle earnings from criminal activity is expected to be exposed in Italy’s largest mafia trial for three decades.
-
NewsStandard Chartered AML failures in Guernsey revealed by regulator
Standard Chartered’s Guernsey subsidiary transferred assets worth $1.4billion to another jurisdiction where there was concern about tax evasion, the Guernsey Financial Services Commission (GFSC) said.
-
BlogArtificial Intelligence or Authentic Intelligence?
We are on the cusp of an artificial intelligence regtech spending boom, but AI has to be combined with human expertise if we are to stay a step ahead of the money launderers, argues Guy Harrison.
-
NewsUK sanctions 22 involved in corruption in drive against ‘dirty money’
The United Kingdom government has announced it has imposed sanctions on 22 individuals in various countries around the world involved in serious fraud and corruption
-
NewsCanadian government confirms plans for publicly accessible beneficial ownership registry
The federal government in Canada has confirmed plans for a publicly accessible register of corporate beneficial owners in a bid to tackle money laundering, fraud and tax evasion.
-
NewsSix arrested in Hong Kong in $322 million laundering case
A money laundering syndicate that allegedly made thousands of suspicious transactions totalling $322million in total has been “smashed” and six people arrested, according to the Hong Kong government.
-
AnalysisCan you help US federal regulators understand AI?
With the use of Artificial Intelligence in anti-financial crime and other areas predicted to boom, United States federal regulators are scratching their heads and wondering what it means for compliance. They have asked for your help through a public Request for Information. Here is what they are wanting to know.
-
NewsABN Amro pays €480 million to settle anti-money laundering investigation out of court
The Dutch bank ABN Amro has accepted an offer from prosecutors to pay €480million to settle accusations of structural anti-money laundering compliance failures and ‘culpable’ money laundering.
-
NewsDanske Bank CEO resigns after being named suspect in ABN Amro AML investigation
The Chief Executive of Danske Bank has resigned due to being named as a suspect in an investigation into anti money laundering (AML) legislation breaches at rival bank ABN Amro.
-
NewsPair of AML experts charged in US over $1bn of high-risk transactions
Two anti-money laundering (AML) compliance professionals are facing charges in the United States (US) over facilitating high-risk transactions through a credit union without appropriate controls.
