updated Thu. April 18, 2024
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Monitor
April 26, 2018
McALLEN — A 69-year-old woman will spend the next four years in federal prison for her role in a money laundering operation. Four years after completing half of a 14-year prison sentence, Maria Georgina Salinas was back working for a Mexican drug cartel — this time moving large amounts of U.S.Ãâà...
FXStreet
April 26, 2018
The People's Bank of China (PBOC) was out with a statement on its website on Thursday, citing the following headlines via Reuters: China will effectively crack down on money-laundering and related crimes to safeguard national security and social stability. China will also step up and improveÃâà...
Vanguard
April 26, 2018
The new sanction regime was communicated to banks and other financial institutions by the Director Financial Policy and Regulations Department of the apex bank, Kevin N. Amugo, through a circular titled: “CBN Anti-Money Laundering and Combating the Financing of Terrorism (administrative sanctions)Ãâà...
Calgary Sun
April 26, 2018
On Wednesday, the Joint Serious Offences Team — made up of members from the Alberta Securities Commission and the Alberta RCMP — said David Del Bianco of Calgary has been charged with money laundering and fraud. The team said Del Bianco fraudulently collected around $500,000 from moreÃâà...
News24
April 26, 2018
A Nelson Mandela Bay ward councillor from the African National Congress, Bongo Nombiba, has been sentenced to five years' jail time by the Port Elizabeth Commercial Crimes Court on Thursday. This follows Nombiba, 43, being found guilty of fraud and money laundering in March. Magistrate JohannesÃâà...
Politico
April 26, 2018
With Lorraine Woellert, David Beavers, Daniel Lippman and Garrett Ross. AMERICAN BAR ASSOCIATION FACES INTERNAL DISAGREEMENT ON ANTI-MONEY LAUNDERING BILL: Members of the American Bar Association are at odds with each other on an anti-money laundering bill, the TrueÃâà...
The Denver Channel
April 26, 2018
We laundered money and we stole money from people, that's what it could look like to someone." They thought they had found the perfect job: working from home as “financial agents” for a company called Golden Potatoes. At the time, never meeting their boss in person made sense because the companyÃâà...
The Economist
April 26, 2018
AS LONG as dirty money has been around, so has money-laundering. Between $800bn and $2trn, or 2-5% of global GDP, ... “Sticking Ãâã10,000 down your underpants and flying to Zurich is still quite a common and easy way to launder money,” says Mr McGuire. But he warns that as governments work to getÃâà...
WPTV.com
April 26, 2018
We laundered money and we stole money from people, that's what it could look like to someone." They thought they had found the perfect job: working from home as “financial agents” for a company called Golden Potatoes. At the time, never meeting their boss in person made sense because the companyÃâà...
Corpus Christi Caller-Times
April 26, 2018
The last member of a heroin and money laundering conspiracy based in Robstown pleaded guilty in federal court Thursday. Jesus Gutierrez of Corpus Christi admitted to conspiracy to possess with intent to distribute more than one kilogram of heroin and conspiracy to launder money, according to a newsÃâà...
BBC News
April 26, 2018
It would require British overseas territories like the Cayman Islands and the British Virgin Islands to introduce a register revealing the beneficial owners of assets held in those jurisdictions - which could then be used to shine a light on money laundering and the proceeds of people trafficking and otherÃâà...
Premium Times
April 26, 2018
Money deposit banks, including their directors and other top functionaries, will henceforth face tougher sanctions by the Central Bank of Nigeria (CBN) under a new anti-money laundering and combating financing of terrorism initiatives. The new regime of sanctions stipulates huge fines against financialÃâà...
The Register
April 25, 2018
"Investigations also revealed they used their bank accounts to launder money for criminal gangs who set up fake businesses to steal VAT," HMRC added. Some 23 members of this wider West Midland crim network were sentenced to a total of 54 years in jail back in 2016. They used 20 fake businesses toÃâà...
Interesting Engineering
April 15, 2018
The statement explained that drug traffickers contacted the criminal ring to launder money obtained from their illicit activities. The ring proceeded to split the money into small cash amounts deposited into 174 bank accounts. From there, the criminals used credit cards linked to the fraudulent bank accounts toÃâà...
WCBD News 2
April 15, 2018
He pleaded guilty to one count of conspiracy and three counts of money laundering. He also agreed to cooperate in the ongoing California prosecution of Backpage.com founders Michael Lacey, and James Larkin. They have pleaded not guilty. The founders also were among those indicted this month by aÃâà...
ABA Journal
April 14, 2018
A co-founder and CEO of Backpage.com has pleaded guilty to a federal charge of conspiracy to facilitate prostitution and money laundering, the Justice Department announced Thursday. The executive, 57-year-old Carl Ferrer, was not named as a defendant in the indictment unsealed Monday that chargedÃâà...
Corpus Christi Caller-Times
April 14, 2018
Backpage.com's CEO Carl Ferrer has pleaded guilty to money laundering and the company to human trafficking, according to the Texas Attorney General's Office. Nueces County District Attorney Mark Gonzalez said his office, prosecutor Michelle Putman and 94th District Court Judge Bobby Galvan wereÃâà...
PC Gamer
April 14, 2018
In response, there is rising suspicion that enterprising criminals are turning to more innovative solutions, such as laundering money using massively ... In 2013, Richet made waves by publishing a study detailing innovative money laundering methods including those that rely on games like World of WarcraftÃâà...
Banker & Tradesman
April 12, 2018
Esam Sakkal, 40, a national of Cyprus, pleaded guilty to one count of money laundering conspiracy and two counts of laundering of monetary ... According to court documents, the Sakkals laundered money given to them by the undercover agent, believing the money to be proceeds from drug sales.
CoinDesk
April 12, 2018
The government of Taiwan has moved a step closer to regulating bitcoin under anti-money laundering (AML) rules. In an announcement on Tuesday, the state's Ministry of Finance said it will push for the regulation of cryptocurrencies under same AML rules already covering the traditional financial sector.
CNBC
April 3, 2018
The principal topic with the Baltics leaders will be the growing spectre of Russian aggression against NATO allies in Eastern Europe. Another national security concern, however, is likely to cast a shadow: Latvia's apparent failure to curtail widespread money laundering and corruption in the nation's bankingÃâà...
KTRK-TV
April 3, 2018
The term "securities fraud" covers a wide range of illegal activities, all of which involve the deception of investors or the manipulation of financial markets. These include: High yield investment fraud; Ponzi schemes; Pyramid schemes; Advanced fee schemes; Foreign currency fraud; Broker embezzlementÃâà...
Economic Times
April 3, 2018
NEW DELHI: The ED today questioned Delhi Health and Power Minister Satyendar Jain in connection with a money laundering case registered against ... Officials said Jain was summoned under the Prevention of Money Laundering Act (PMLA) and his statement will be recorded by the investigating officerÃâà...
newsBTC
April 3, 2018
Yang Chin-long, the Governor of the Central Bank of Taiwan, suggested during a meeting held by Taiwan's legislative arm that the Ministry of Justice should include bitcoin into the East Asian state's Money Laundering Control Act, due to the lack of regulation surrounding the cryptocurrency, according to aÃâà...
UNIAN
April 3, 2018
The National Bank of Ukraine in 2017 applied to banks penalties worth a total of UAH 67.552 million ($2.59 mln) following audits in the field of countering legalization (laundering) of crime proceeds. The sum is 7 times higher than it was in 2016. According to the NBU, the regulator applied fines to 15 banks,Ãâà...
CoinDesk
April 2, 2018
The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island's existing anti-money laundering regulations. During a meeting with Taiwan's legislative arm Monday, central bank governor Yang Chin-long was questioned over how the banking authority would address the currentÃâà...
Kathimerini
April 2, 2018
A prosecutor on Monday proposed that former PASOK minister Tasos Mandelis be found guilty of money laundering in relation to the sum of 450,00 German Marks (about 230,000 euros) that he is alleged to have received from German company Siemens for securing an OTE Telecom contract in 1997.
The Merkle
April 2, 2018
Trading Bitcoin tends to attract a lot of attention from the authorities these days. This is especially true when trading it in a peer-to-peer fashion. One man's Bitcoin trading activity will land him in jail due to five money laundering charges.
PYMNTS.com
April 2, 2018
An Arizona bitcoin trader has been convicted of using the cryptocurrency to launder drug money. According to a Justice Department announcement, Thomas Mario Costanzo — a.k.a. Morpheus Titania on Twitter — of Mesa, Arizona, was found guilty of five counts of money laundering by a federal jury in Phoenix on MarchÃâà...
Business Today
April 2, 2018
Nirav Modi's close confidante admits to money laundering, gives 'crucial evidence': sources. Virendrasingh ... Fugitive diamond merchant Nirav Modi's close confidante and qualified charted accountant Shyam Wadhwa has admitted that he assisted Nirav Modi in forming shell companies to launder money.
CCN
April 1, 2018
Kazakhstan's National Bank is considering banning cryptocurrency use, exchanges, and mining, saying virtual currencies are an ideal vehicle for fraud, money-laundering, and tax evasion. “In Kazakhstan, the National Bank is taking a very conservative approach toward the matter, and it welcomes nothingÃâà...
Worcester Telegram
March 30, 2018
WORCESTER - A city man pleaded guilty Thursday in federal court to lying to investigators involved in the case of Kevin A. Perry, a former Worcester restaurateur convicted of money laundering. Christopher Slavinskas, 32, pleaded guilty to making a false statement to federal investigators. U.S. District CourtÃâà...
OCCRP
March 30, 2018
Fishing for votes ahead of the April 8 parliamentary elections, Europe's loudest anti-migrant leader is promising to keep Hungary immigrant-free, yet silently Viktor Orban's government has granted residence permits to thousands of foreigners willing to pay for them, including two Syrians who pose seriousÃâà...
U.S. News & World Report
March 30, 2018
A Mesa man who was a peer-to-peer bitcoin trader has been convicted of money laundering. March 29, 2018, at 7:57 p.m. ... Prosecutors say Thomas Mario Costanzo was found guilty of five counts of money laundering by a federal jury in Phoenix on Wednesday. He's scheduled to be sentenced on June 11. Each of the fiveÃâà...
Coindesk
March 30, 2018
An Arizona bitcoin trader been convicted for using the cryptocurrency to launder the proceeds of drug deals. Thomas Mario Costanzo, who goes by Morpheus Titania on Twitter and operated a peer-to-peer bitcoin exchange website, was found guilty of charges of five money laundering by a federal jury inÃâà...
KHOU.com
March 29, 2018
Officer charged with money laundering financed Lamborghini through police credit union. Two Houston police officers are among 22 people facing charges related to illegal gambling and money laundering. Both officers are accused of buying expensive cars as part of the scheme. Author: KHOU.com Staff.
Mondaq News Alerts
March 29, 2018
The 4th Money Laundering Directive ("MLD 4") came into force in the EU on 26 June 2017. On that date, the UK implemented the Money Laundering Regulations 2017 to transpose MLD 4 into UK law. MLD 4 brought in changes to strengthen the anti-money laundering ("AML") regime throughout Europe,Ãâà...
OCCRP
March 29, 2018
Fishing for votes ahead of the April 8 parliamentary elections, Europe's loudest anti-migrant leader is promising to keep Hungary immigrant-free, yet silently Viktor Orban's government has granted residence permits to thousands of foreigners willing to pay for them, including two Syrians who pose seriousÃâà...
ABC Online
March 29, 2018
South Melbourne firm Stanton Grant Legal was one of dozens of homes and businesses raided as part of an investigation into alleged money laundering by the Comancheros outlaw motorcycle gang. The Legal Services Board has now appointed Howard Rapke, a managing partner at the law firm HoldingÃâà...
KTRK-TV
March 29, 2018
Houston megachurch pastor Kirbyjon Caldwell indicted for wire fraud and money laundering, Ted Oberg has more. (KTRK). KTRK. Thursday, March 29, 2018 07:36PM. SHREVEPORT, Louisiana (KTRK) --. A prominent Houston megachurch pastor is accused of fraud and money laundering in a scheme involving phonyÃâà...
Financial News
March 29, 2018
Thanks to a concerted effort by government and private business, we in the UK have made great strides towards tackling money laundering in recent years. Shell companies are not permitted, nor are bearer shares, so the avenues and vehicles for financial crime have been reduced. Nevertheless, gaps stillÃâà...
economia
March 29, 2018
The influential House of Commons committee has issued a call for evidence about the scale of money laundering and terrorist financing, and the effectiveness of the current legislative and regulatory infrastructure. It is also interested in the effect of economic crime on consumers and wants information onÃâà...
U.S. News & World Report
March 28, 2018
LONDON (Reuters) - British lawmakers launched a new inquiry into money-laundering, sanctions and economic crime on Thursday, with a particular focus on properties bought with ... Morgan said the inquiry would look at Britain's international efforts to tackle money-laundering and terrorist financing.
Times LIVE
March 26, 2018
American Express and Forex World are amongst five companies saddled with fines after the South African Reserve Bank imposed administrative sanctions on authorised dealers in foreign exchange. The administrative sanctions were imposed after the SARB conducted inspections at the five companies inÃâà...
Business Standard
March 26, 2018
The Asian Development Bank (ADB) is ramping up its efforts to help countries in the Asia and Pacific region combat money laundering and terrorism financing, which is key to achieving inclusive and sustainable development, according to ADB's Office of Anticorruption and Integrity (OAI) 2017 AnnualÃâà...
The Tribune
March 26, 2018
The Supreme Court on Monday extended the interim protection against arrest to Karti Chidambaram, granted by the Delhi High Court in the INX Media money laundering case till April 2. The order came as the Enforcement Directorate sought an authoritative pronouncement from the top court in view ofÃâà...
KSWO
March 26, 2018
District court records show Enrique Degante, Karen Reyes, Yuri Garcia-Ramirez, Darren Michael Nelson and Juan Torres are each charged with money laundering >=$2,500<$30K. According to a previous KLTV story, Degante and Reyes are a married couple arrested in December after they admitted toÃâà...
Eng.Lsm.lv
March 26, 2018
According to our colleagues at ERR News in Estonia, the decision "followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank has committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combatingÃâà...
Vancouver Sun
March 26, 2018
RCMP Assistant Commissioner of the Lower Mainland Peter German speaks during a news conference at RCMP headquarters in Surrey, B.C., on Saturday April 4, 2009. Former RCMP deputy commissioner Peter German has been appointed by the province to review its policies that fight money launderingÃâà...
The Times
March 26, 2018
A London art dealership at the centre of an American money-laundering investigation has gone bust. Administrators have been called in at Mayfair Fine Art, whose former director is accused of having offered to use a Ãâã6.7 million Picasso to launder money. Matthew Green, who owns the company and is theÃâà...
