£2 million of dirty money laundered through front businesses by the infamous Italian mafia ‘Ndrangheta’ in London was seized by […]
Category: AML
Auditors Should Be Vigilant For Fraud Activities
Recent fall of Wirecard, the German payments company and Once Europe’s most valued financial technology group. There is no shortage […]
Deutsche Bank Fined $150 Million For Failure To Flag Jeffrey Epstein’s Transactions
Deutsche Bank was fined $150 million on Tuesday by the New York regulators for “mistakes and sloppiness” on the account […]
Artificial Intelligence, The New Weapon Against Money Laundering?
Will we finally have a fighting chance to combat money laundering once and for all? Laundering illegal funds is a […]
HSBC AML Breaches Reported to AUSTRAC
HSBC Bank Australia has launched a program to improve its record-keeping and reporting process of cross-border transactions as thousands were […]
Are you at risk of becoming a COVID-19 Money Mule?
Amidst the COVID-19 pandemic, the FBI is warning US residents to be vigilant of some work-from-home vacancies, or quick money-making […]
Man Arrested in COVID-19 Related $10.3 Million Money Laundering Scam
A 39-year-old Singapore man was arrested for fraud on March 25 2020 upon his return to Singapore. An overseas pharmaceutical […]
Swedbank CRO and Baltic Banking Unit Head Step Down Amid Money Laundering Probe
Helo Meigas, Swedbank CRO and Charlotte Elsnitz, Baltic banking unit head are stepping down as Swedbank AB tries to regain […]
Silk Road Drug Dealer Laundered $19 Million in Bitcoin
Hugh Brian Haney, a 61 year old drug dealer on the dark web was arrested in July by the authorities […]
€10,000 Limit on Cash Transactions Coming to Malta
A previous declined proposal has come back in to light and this time it is here it stay. The proposal […]