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Weekly Roundup: Miami Court Convicts Florida Judge for Laundering, NFA Fines Company for Poor AML, and More
printProponents of passing stronger beneficial ownership laws were bolstered this week by calls from U.S. officials for stricter incorporation rules and the conviction of a Miami judge for fraud and money laundering. More On Wednesday, the Miami-Dade County Criminal Court convicted Phillip Davis, a former judge, of stealing public grant money intended to help inner-city Miami residents, according to report by the Miami Herald. Davis, who was disbarred in 1993 after he admitted to using cocaine, laundered profits of the fraud through shell companies he ostensibly created to hire and pay workers involved with the grants. More Davis wasn't the...
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