News
printRelated News
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.
India is investigating Adani Ports & Special Economic Zone Ltd. over alleged money laundering violations, SARs filed by casinos and card clubs have increased since 2004, and more, in this week's roundup.
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.
The National Futures Association fined NCMFX, Inc. $12,500 for anti-money laundering deficiencies, Turkey's parliament began deliberations on a bill aimed at curbing terrorist financing, and more, in this week's roundup.
When Robert Frimet arrived last summer at a small check cashing business in California to audit its compliance with financial crime and sanctions rules, one problem immediately stood out: the business had never heard of the U.S. Treasury Department's Office of Foreign Assets Control.
The Justice Department launches investigations into three Israeli banks and continues its probe into the financial network of R. Allen Stanford, in this week's news 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.
Taxes were in the fore of the news this week, and not just because of the annual arrival of the April 15 filing deadline for tax returns. The U.S. Justice Department made headway in four separate cases against 11 suspected tax evaders with accounts at UBS AG and HSBC.
U.S. efforts to stifle al-Qaida's finances are paying off and Swiss financial institutions filed a record number of SARs in 2009, in this week's news roundup.
Jordanian lawmakers approve changes to the country's chief AML law and Germany's financial regulator says it is probing UBS AG for tax evasion and money laundering, in this week's news roundup.
A New York City councilman is charged with laundering money stolen from public funds, a prominent car dealership owner is accused of bilking cash from Chrysler and the UAE sees a 48 percent jump in suspicious transaction reports, in this week's news roundup.
A client of UBS AG pleads guilty to tax evasion as a longstanding data sharing arrangement between the United States and the European Union is poised to collapse, in this week's news roundup.
The U.S. Justice Department nets 22 suspects in its largest ever investigation into individuals for FCPA violations, and FinCEN issues a ruling on whether domestic bill payment services companies are MSBs, in this week's roundup.
The Credit Suisse saga isn't over yet, at least not for Manhattan District Attorney Robert Morgenthau. His office announced Wednesday that the bank handed over $268 million to his office. Half of the sum will be turned over to the city of New York and the rest to New York State.
Although it was a relatively quiet week in anti-money laundering news, a settlement agreement for $217 million between Lloyds Bank TSB and the Office of Foreign Assets Control (OFAC) proved that the holidays didn't distract regulators from sanctions and compliance issues.
The U.S. Justice Department continues to seized more than $3.2 million in nearly 400 accounts tied to narcotics dealers, Transparency International published its annual corruption report and more, in this weeks roundup.
In other AML news this week, New Jersey prosecutors won guilty pleas in two high-profile cases, and AUSTRAC issued its annual report detailing the number of suspicious transaction reports for the year.
