A bill that would shift the oversight of MSBs to state regulators has passed the House of Representatives, Russia saw nearly $75 billion in capital flight in the first half of 2014, and more, in this week's roundup.
A group of investigative journalists reveal the identities of thousands of suspected tax evaders, U.S. prosecutors increasingly turn to a civil fraud statute to prosecute money launderers, and more, in this week's news roundup.
U.S. officials Wednesday accused three former client advisors of an unnamed Swiss bank of helping American customers hide over $420 million in offshore accounts.
The UK Revenue and Customs is investigating British residents who hold Jersey-based accounts with HSBC Holdings Plc., while the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) blacklisted Iran's communications minister and others Thursday.
Law enforcement officials in Italy temporarily shut down 21 money services businesses to investigate an alleged scheme to launder billions of euros, a prominent drug trafficking organization is using mining operations to launder funds, and more, in this week's roundup.
The FDIC issued three consent orders citing Bank Secrecy Act violations, China lost $3.79 trillion to illicit outflows between 2000 and 2011, and more, in the weekly roundup.
The Democratic Republic of Congo asked the United Nations to implement sanctions against certain Rwandan and Ugandan officials, suspicious transaction reporting in Italy rose by a third in 2011 over the previous year, and more, in this week's roundup.
Used car importers in Pakistan are allegedly violating AML rules, French and Swiss law enforcement officials arrested 20 individuals believed to be part of an international drug trafficking and money laundering organization, and more, in the weekly roundup.
Roma Bank has initiated corrective measures in response to an unpublished enforcement action by the OCC, a former leading member of ousted Egyptian President Hosni Mubarak's regime was sentenced to seven years in prison for money laundering, and more, in this week's roundup.
The foreign ministers of France, Germany and Britain urged the European Union to step-up sanctions against Iran, Nigerian officials are pushing to beef-up AML laws before an Oct. 15 FATF meeting, and more, in this week's roundup.
The Bank of Israel fined Mizrahi-Tefahot Bank 3.8 million shekels for violating AML laws, French investigators searched the Paris offices of UBS AG as part of a tax evasion probe, and more, in this week's roundup.
The U.S. Treasury Department blacklisted three top members of Hezbollah, the State Bank of Pakistan introduced new regulations aimed at strengthening the nations anti-money laundering framework, and more, in this week's roundup.
The U.K.'s Serious Fraud Office is investigating payments between Barclays PLC and Qatar Holding LLC, the U.S. Treasury Department's top sanctions official will be in Switzerland and Turkey next week to discuss sanctions against Iran and Syria, and more, in the weekly roundup.
A Trinidadian official is calling for a money laundering investigation of former FIFA Vice President Jack Warner, Thailand is looking to boost its AML regime, and more, in the weekly roundup.
Switzerland expanded sanctions against Syria to include travel bans and asset freezes on 25 more Syrians, Brazil accused 38 people of laundering money and evading taxes as part of a scheme to gain political backing for former President Luiz Inacio Lula da Silva, and more, in this week's roundup.
The U.K. OFT hit online lender MCO Capital Limited with an $850,000 penalty for AML violations, the UN Secretary-General urged the Security Council to impose financial sanctions against individuals and entities contributing to civil unrest in Mali, and more, in this week's roundup.
Two unnamed European men were arrested in Panama for allegedly laundering over $100 million, Hong Kong police arrested 130 individuals in a gang-related money laundering investigation, and more, in the weekly roundup.
Switzerland has frozen nearly $700 million belonging to ousted Egyptian President Hosni Mubarak, Israeli officials will introduce legislation next week to make tax evasion a predicate money laundering offense, and more, in this week's roundup.
The Netherlands is considering a number of measures to boost its confiscation of illicit proceeds, Bangladesh's central bank said that it has launched an investigation into two Islamic banks for alleged terrorist financing violations, and more, in this week's roundup.