News

Criminals are increasingly moving cash in bulk out of the United Kingdom to evade efforts by British banks to spot "money mules," ACAMS moneylaundering.com reported, citing a study by the National Crime Agency. More U.S. lawmakers advanced amended legislation that would gradually increase the threshold at which financial institutions must report cash transactions to reflect changes in inflation, moneylaundering.com reported. More Danish prosecutors charged former Danske Bank executive Lars Morch as part of their investigation into large-scale money laundering at the lender's branch in Estonia, Reuters reported. More German investigators searched the premises of 11 unnamed banks, four tax advisors...