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.
The Philippines Senate delayed the approval of amendments to its principal AML law despite pressure from FATF to upgrade its regime, convicted Ponzi schemer Allen Stanford lost his bid for a new trial after being convicted earlier this month, and more, in this week's roundup.
JPMorgan Chase drops a Milan account for the Holy See, Beijing police freeze nearly $800 million tied to at least six "underground" banks, and more.
The FDIC disclosed two enforcement actions for AML violations, Jamaican officials are welcoming plans to revamp the country's Proceeds of Crime Act, and more, in this week's roundup.
The OCC dings three banks for AML problems, Argentina publishes new rules related to corruption in soccer clubs, and more in this week's news roundup.
Iran said it is considering a preemptive embargo of oil exports to the European Union, Bangladesh is tightening up its AML controls, and more, in the week's roundup.
While an Office of Foreign Assets Control report revealed this week that the total assets frozen annually by the United States for alleged ties to terrorism fell five percent in 2009 from the previous year, another report pinpointed the top money laundering countries in the world.
A Milwaukee-based company sues American Express for failing to block illegal transactions and Royal Bank of Scotland discloses that the U.K. Financial Services Authority is investigating it, in this week's news roundup.
Iran seeks help with its terrorist financing laws on the heels of its inclusion in an international blacklist and investigators in the UAE say they are looking at U.S. credit card companies as part of investigation into the assassination of a Hamas leader, in this week's roundup.
A New York City councilman is charged with laundering money stolen from public funds, a prominent car dealership owner is accused of bilking cash from Chrysler and the UAE sees a 48 percent jump in suspicious transaction reports, in this week's news roundup.
The U.S. Supreme Court okays the extradition of former Panamanian dictator Manuel Noriega, and a prominent Florida lawyer pleads guilty to bilking investors out of $1.2 billion in a massive Ponzi scheme, in this week's news roundup.
Prosecutors started off 2010 by winning a series of guilty pleas in money laundering cases, and the extradition of the "Colombian Bernie Madoff."
Although it was a relatively quiet week in anti-money laundering news, a settlement agreement for $217 million between Lloyds Bank TSB and the Office of Foreign Assets Control (OFAC) proved that the holidays didn't distract regulators from sanctions and compliance issues.
U.S. Defense Secretary Robert Gates said sanctions against Iran were likely as the Manhattan District Attorney's Office prepares to issue a large deferred prosecution agreement penalty against a foreign bank over its ties to the Persian country.
The U.S. Justice Department continues to seized more than $3.2 million in nearly 400 accounts tied to narcotics dealers, Transparency International published its annual corruption report and more, in this weeks roundup.
In other AML news this week, New Jersey prosecutors won guilty pleas in two high-profile cases, and AUSTRAC issued its annual report detailing the number of suspicious transaction reports for the year.
In other AML news this week, the New Zealand government passed an AML bill and the SEC said it has expanded its cooperation with foreign governments in securities fraud investigations.