As per the reports, despite its penny stock activity, BNP failed to develop and implement a written AML program.
BVP Investments Ltd. has been fined €6,000 by the Central Bank of Ireland for breaking the authorization terms.
Swedbak, which is currently going under huge financial crises, is now being investigated by the U.S. authorities and the European Central Bank.
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The Government of Japan is planning to establish a casino management commission by January 2020.
“Senior officials of the Financial Action Task Force has decided that Sri Lanka should no longer be in the grey list of money laundering and terror financing, the official announcement removing us from the grey list was made” – Mangala Samaraweera
On Friday (18 Oct), the FATF extended a deadline for Iran to implement certain measures or face further restrictions.
Pakistan has 4 months to complete the action plan, and show significant and sustainable progress or face the risk of being placed on the black-list with Iran and North Korea.
EU and Britain have made agreements on exchanging security-related data, co-operating on investigations and prosecutions.
Leaked footage shows a person handing over a huge cash bag to a cashier in a gambling venue VIP room run by Suncity.
Jinyuan Finance Ltd. has been hit by $4 million fine for repeated non-compliance under the AML and CFT Act 2009.