A California judge has allowed state prosecutors to pursue money laundering charges against the chief executive and cofounders of suspected "online brothel" Backpage.com for allegedly routing illicit funds through accounts held by fraudulent companies set up to evade bank scrutiny, the Associated Press reported. More Australia's crime intelligence agency claimed in a report that organized crime groups laundering profits through domestic financial institutions is a top threat amid the rise of online banking and digital currencies, Reuters reported. More and More U.S. federal authorities arrested five people suspected of running a ring in San Diego that allegedly trafficked drugs from...
Singapore will bolster client identification requirements for exchangers of digital currency, Hong Kong's fifth richest man was sentenced to five years in jail for bribery and money laundering, and more, in this week's roundup.
Iran will soon receive its second tranche of funds once frozen under U.S. sanctions, the owner of the English soccer club Birmingham City was sentenced to six years in jail for money laundering, and more, in this week's roundup.
Guyana failed to approve AML legislation ahead of this week's FATF plenary, Fiji is expanding the powers of its law enforcement by allowing phone tapping in order to boost its fight against money laundering, and more, in this week's roundup.
The Obama administration agreed to a 180-day waiver allowing non-U.S. companies to provide satellite services to the Islamic Republic of Iran Broadcasting, a Guyanese group has accused the People's Progressive Party of deliberately failing to enforce AML rules, and more, in this week's roundup.
FDIC issues actions against two banks for anti-money laundering deficiencies, four New Jersey institutions opt for state charters to avoid OCC oversight, Finra fines brokerage for cartel ties and more.