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21st February 2017

India: Money laundering case – court grants bail to 2005 Delhi blasts mastermind

Tariq Ahmed Dar, who was convicted in the 2005 Diwali-eve serial blasts in Delhi that claimed 67 lives, was on Monday granted bail by a Delhi court in a related money laundering case. Read More

21st February 2017

India: Money laundering – Zakir Naik responds to summons, offers to be quizzed on Skype

Televangelist Dr Zakir Naik has finally responded to the legal proceedings initiated against him in Mumbai and offered to be available through Skype or such other application for questioning by the law enforcement agencies in India. Read More

20th February 2017

Machine learning ‘RegTech’ being driven by post-Paris attacks AML rules

Regulatory reforms following last year's terrorist atrocities in Paris are just one example of tail-winds driving smarter anti-money laundering and know your customer technologies. Read More

20th February 2017

UK: HMRC to work closely with Trading Standards on Money Laundering

HMRC and the National Trading Standards Estate Agency Team have agreed new procedures to “enhance and ease the current flow of information on estate agency businesses between both parties.” Read More

20th February 2017

Vatican freezes €2m over suspected money laundering

The action is the latest move in Pope Francis' attempts to clean up the scandal-ridden Holy See's banking system. Read More

17th February 2017

Angola VP Manuel Vicente ‘to face Portugal corruption charges’

Portuguese state prosecutors are bringing corruption charges against Angola’s vice-president Manuel Vicente. The attorney-general’s office says that Mr Vicente paid $810,000 (£650,000) in bribes to shut down corruption investigations that he was facing. The alleged bribes were made to Portugal’s former public prosecutor Orlando Figueira, who also faces charges… Read More

16th February 2017

Big U.S. banks to push for easing of money laundering rules

America’s largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 attacks and strengthened during the Obama administration are onerous and ineffective, sources said. The Clearing House, a trade association… Read More

16th February 2017

Australia: Tabcorp settles money laundering case for $45 million

Wagering giant Tabcorp will pay $45 million to settle a money laundering case with the government’s financial intelligence agency AUSTRAC. As part of the settlement agreement, Tabcorp will make a number of admissions that it did not comply with anti-money laundering and counter terrorism financing laws. Tabcorp is currently pursuing… Read More

16th February 2017

Authorities urged to disclose anti-money laundering efforts

Bank regulators need to publish much more information about whether banks are doing what’s required by law to stop money laundering, says a major international anti-corruption watchdog. This would ensure that citizens and businesses can be confident corrupt individuals and organisations, criminals, or terrorists are not using… Read More

16th February 2017

Thai police hunt money-laundering monk

Representatives of a controversial Thai Buddhist temple have agreed to a police search of the building’s premises, as authorities hunt for a fugitive former monk wanted on money-laundering and land-encroachment charges. The agreement came after several failed raid attempts at the Wat Phra Dhammakaya temple. Police will be allowed later… Read More

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