A group of investigative journalists reveal the identities of thousands of suspected tax evaders, U.S. prosecutors increasingly turn to a civil fraud statute to prosecute money launderers, and more, in this week's news roundup.
JPMorgan Chase drops a Milan account for the Holy See, Beijing police freeze nearly $800 million tied to at least six "underground" banks, and more.
Iran's central bank prepares to sue to win back $2 billion in frozen assets, the U.S. Treasury Department blacklists the heads of a money laundering ring based in Panama and Colombia, and more, in this week's news roundup.
Mexican drug cartels are turning to trade-based laundering involving common goods to transfer narcotics proceeds, while the Financial Crimes Enforcement Network told banks Tuesday that it was postponing the deadline for new currency transaction and suspicious activity reports.
China, Mexico and Russia topped the latest Global Financial Integrity list of countries with the greatest outflows of illicit fund and the Financial Crimes Enforcement Network fined a former bank loss-mitigation specialist $25,000 Thursday for disclosing a SAR to the subject of the report.
The OTS issued a cease-and-desist order against a New Jersey-based bank due to AML deficiencies, the American Gaming Association announced that it no longer supports the UIGEA, in this week's roundup.
The Bank of Israel is set to fine two Israeli banks for AML problems, FinCEN and the SEC penalize a brokerage $50,000 and Japan introduces new sanctions against Iran, in this week's news roundup.
The U.S. Treasury Department penalizes a New York bank for transactions tied to Cuba, Italy arrests 300 in a mafia crackdown and the Asia Pacific Money Laundering Group warns of laundering through carbon emissions schemes, in this week's news roundup.
Russian spies cases end in extradition, Manuel Noriega sent to prison in France, a teddy bear company is used to launder drug money, in this week's roundup.
FATF removes five countries from its list of problematic jurisdictions, Kenya prepares to enforce a new AML law and a UBS AG whistleblower asks the White House for a pardon, in this week's news roundup.
Latvia shuts down the country's smallest bank, EUROPOL arrests 32 individuals on alleged money laundering crimes, Bulgarian national extradited to U.S. to face wire fraud and money laundering charges, in this week's roundup.
Canada nets first terrorist financer, former Mexican state governor pleads not guilty to money laundering charges, investigators link Hawala network to Times Square bomber, in this week's news roundup.
Canada's FIU hands out two small AML fines, U.S. plans to initiate thousands of new tax evasion cases and actor Sean Connery is tied to a money laundering probe, in this week's news roundup.
Former Alavi president sentenced to three months in prison, Nigerian leaders rush to pass new AML legislation and Hong Kong eyes ways to strengthen AML controls, in this week's roundup.
The European Union and the United States move ahead with negotiations over Swift interbank data and a New York court sentences an alleged terrorist financier to ten years in prison, in this week's news roundup.