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26th August 2016

Brazilian police ready to follow investigation ‘all over the world’

Brazilian police believe money related to the Olympics ticket touting scandal is “lodged in bank accounts all over the world” and that they may need to begin a new “money laundering” investigation to find out who was allegedly involved. Read More

26th August 2016

India: Sebi relaxes restrictions on over 250 entities

Sebi has eased curbs on over 250 entities against whom the regulator had taken action in three different cases of alleged misuse of stock market platform for tax evasion and suspected money laundering activities. The entities, which were barred from the securities market in three different cases, have now been… Read More

25th August 2016

Pakistan: Axact CEO Shoaib Shaikh acquitted of money laundering

A sessions court has acquitted Axact CEO Shoaib Ahmad Shaikh in a money laundering case. Shaikh, who also heads the BOL Media Group, had been in jail after being accused of illegally transferring Rs170m abroad. Two other accused in the case are on bail. Shaikh’s acquittal is being seen as… Read More

19th August 2016

UK: Two men charged after PSNI seize £400,000 in money laundering investigation

The men are expected to appear in Craigavon Magistrates Court this morning Read More

18th August 2016

Australian AI spots dodgy deals that look like money laundering

AUSTRAC, Australia's financial intelligence agency, is training a machine learning system to sift millions of transactions for criminal activity Read More

17th August 2016

Bitcoin Trading Booms, Set To Spike in Japan As Regulation Improves

The push for the next spike in Bitcoin price could come from Japan very soon. More exchange traders are joining the bandwagon and the market outlook says there has been a rise in the value amount of Bitcoin traded after the first half of this year. Following a… Read More

17th August 2016

Sri Lanka: Nithya Samaranayake remanded in Namal’s alleged money laundering case

Nithya Senani Samaranayake who has functioned as a director of two companies owned by Hambantota district MP Namal Rajapaksa, was yesterday ordered to be remanded until August 22 by a Colombo Court for her alleged involvement in money laundering amounting to Rs.45 million. On Monday, MP Namal Rajapaksa and Sudarsha… Read More

16th August 2016

China: Bitcoin Exchange OKCoin Fined in Money Laundering Case

OKCoin China has been ordered by a provincial court to pay a fine of 626,569 yuan as damages in a money laundering case Read More

12th August 2016

Europe: EBA responds to EC’s virtual currency AML plans

The European Banking Authority (EBA) has called on the EC to postpone plans to bring virtual currency exchanges and wallet providers under the scope of a new Anti-Money Laundering Directive. Read More

12th August 2016

Hong Kong: Bitcoin Traders Made 700% Returns Before Losing Millions in Hack Attack

For years, Tian Jia made the kind of returns on his money that investors in the rest of the world could only dream of. The 29-year-old Beijing-based programmer had $440,000 on deposit at the Hong Kong bitcoin exchange Bitfinex until last week and, on good days, would wake up to… Read More

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