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.
Fifteen Palestinian men were arrested for allegedly running a $55 million cigarette smuggling scheme, a proposal that aims to revive Argentina's economy could attract money launders, and more, in this week's roundup.
The Federal Deposit Insurance Corporation issued a pair of consent orders for Bank Secrecy Act violations, Germany and France urged the EU to strengthen its efforts against money laundering, and more, in this week's 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 Kenyan politician has been charged with money laundering in Tanzania, the Reserve Bank of India will take action against ICICI Bank, HDFC Bank and Axis Bank for alleged money laundering violations, 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.
Banks in China, Southeast Asia and Europe will soon see their compliance duties get tougher under new U.N. sanctions measures aimed at stifling North Korea's nuclear arms program, say analysts.
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.
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.
Investigators say that Mexican drug cartels have been involved in the sale of counterfeit NFL merchandise in flea markets and parking lots, a judge ordered Bank of Tokyo-Mitsubishi UFJ Ltd. to forfeit more than $260,000 held for Iran-based entities to plaintiffs, and more.
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.