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.
Egypt’s judicial authorities will cooperate with the foreign judicial authorities to combat money laundering crimes in accordance with the AML Law No. 80 of 2002.
Federal prosecutors charged a Halkbank Tuesday with money laundering and fraud in an alleged multi-billion dollar scheme to evade U.S. sanctions on Iran.
Recently, Group Head and Chief Risk Officer at Scotiabank, Daniel Moore was interviewed by McKinsey. During the interview, Daniel Moore spoke about the analytics in AML, due diligence, and several other things.
As per the UKGC investigation, Petfre failed to carry out adequate source of funds checks on a customer who deposited £210,000, and lost £140,000.
The first report on the MSAR’s progress in combating money laundering was subject to review by the members of FATF to ensure it complies with international standards.
It has been reported that more than €1 billion in assets have been confiscated as a result of Galassia inquiry.