In order to fight financial crime, the German Government has planned to amend its AML rules for real estate.
In an interview, EU Justice Commissioner Vera Jourova told that EU would release a new methodology by October to target overseas jurisdictions to tackle money laundering and terrorist financing risks.
As per CipherTrace’s latest report, cryptocurrency crime has reached $4.3 billion in the first half of 2019.
Wolverhampton’s Premier Casino – Casino 36 has been fined by the UK Gambling Commission over serious AML and social breaches for a hefty amount of £300,000.
As per the local newspaper – Hospodářské Noviny, Czech Republic’s measure has gone a step further beyond what is stipulated by the EU as enforced mid last year.
Financial regulators in South Korea have disclosed a plan to directly regulate cryptocurrency exchanges within the financial supervisory system.
In an interview, the secretary-general said, “Though Amlo officers currently do not receive complaints, or deal with, cases directly involving virtual currencies, they need to stay alert. We may not find any clue, but that doesn’t mean the wrongdoing does not occur”.
The Zimbabwe Anti-corruption Commission reported that Prisca Mupfumira, who happens to be a senior member of the ruling ZANU-PF party, was involved in fraud and money-laundering activities.
BNZ processed a payment identified to be for oil originating from Iran, which once used to be New Zealand’s fifth-largest trading partner.
BNZ acknowledged the fact that bank had missed the mark as there were areas of potential non-compliance, which included – account monitoring, suspicious transaction reporting, EDD (Enhanced due-diligence), and PEP screening.