U.K. leaders intend to review whether facilitation should be legal again, CFATF warns countries about the risks of Belize, Guyana and Dominica, and more, in this week's news roundup.
Italian prosecutors seize $10.5 billion from one of Europe's wealthiest families, a judge questions HSBC's agreement with the U.S. Justice Department, and more, in this week's news roundup.
The Office of the Comptroller of the Currency issued enforcement actions against two banks for BSA violations, the son of Senegal's ex-president was charged with corruption tied to $1.4 billion in illicit assets, and more, in the weekly roundup.
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.
Twenty people who tried to smuggle $13 million out of Moscow's Vnukovo airport were arrested on money laundering charges, former Florida GOP Chairman Jim Greer was sentenced to nearly two years in prison for theft and money laundering, and more, in this week's roundup.
The U.S. State Department and OFAC blacklisted a Mali-based group, Finra fined KJM Securities $20,000 for failing to develop and implement an adequate written AML program, and more, in the weekly roundup.
The Reserve Bank of India confirmed that it is investigating three banks for potential money laundering violations, a forthcoming industry survey points to rising compliance salaries, and more, in this midweek news roundup.
The OCC disclosed a consent order with North American Savings Bank for AML deficiencies, the FIUs of Japan and Sri Lanka signed a memorandum of understanding to exchange investigative information on money laundering, and more, in the weekly roundup.
The United Nations Security Council partially eased an arms embargo against Somalia, an aide to a former Indonesian Prosperous Justice Party chairman was charged with money laundering, and more, in this week's roundup.
Moroccan lawmakers are looking to criminalize terrorist financing, the Financial Action Task Force on Money Laundering in South America welcomed Cuba as its newest member, and more, in this week's roundup.
Switzerland's Federal Council says it may limit cash purchases of property, jewelry and other assets, Iran appeals European Union sanctions imposed in March, and more, in this midweek roundup.
Pakistan's National Assembly approved new counterterrorist financing legislation, Italian organized crime groups are utilizing Switzerland's proximity to launder illicit funds, and more, in this week's roundup.
Cyprus rejected a Europol proposal to hire a private firm to gauge its anti-money laundering compliance, the IRS handed out 128 whistleblower awards in fiscal year 2012, and more, in the weekly roundup.
A number of key provisions of the Iran Threat Reduction and Syria Human Rights Act of 2012 took effect, the European Union General Court ordered sanctions against Iran's Bank Saderat to be lifted, and more, in the weekly roundup.
Austria and Liechtenstein agreed to exchange tax-related information, Casino group Las Vegas Sands Corp. has ceased executing international money transfers for wealthy gamblers, and more, in this week's roundup.
The European Commission is giving Switzerland six months to adopt automatic tax information exchange with EU members, the U.S. Senate Banking Committee will soon hold an AML hearing, and more, in the weekly roundup.
French prosecutors plan to launch an investigation into whether France's Budget Minister committed tax fraud, Australia expanded sanctions against Iran, and more, in this week's roundup.
The U.S. Treasury Department blacklisted two rebel groups from the Democratic Republic of the Congo, Kuwait published measures bringing the insurance sector, jewelry stores and investment companies under AML obligations, and more, in the weekly roundup.
OFAC finalized amendments to the Iranian Transactions and Sanctions Regulations, the daughter of Ukraine's former premier Yulia Tymoshenko called for international sanctions on officials responsible for her mother's imprisonment, and more, in the weekly roundup.
The brother of convicted Ponzi schemer Bernard Madoff was sentenced to 10 years in prison for falsifying investment records and fraud, Twenty-six individuals were arrested for their alleged involvement in a $70 million drug and money laundering ring, and more, in the weekly roundup.