Category Archives: money laundering

Canada seeks to extend the anti–money laundering regime to emerging payment technologies _ insights _ torys llp

On December 21, 2011, the Canadian government released its consultation paper Strengthening Canada's Anti-Money Laundering and Anti-Terrorist Financing Regime (Consultation Paper), which contains proposals to strengthen the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act). Several of

Money laundering where does it come from and why and how is it done_ _ yahoo answers

Best Answer: Money laundering, the metaphorical "cleaning of money" with regard to appearances in law, is the practice of engaging in specific financial transactions in order to conceal the identity, source and/or destination of money and is a main operation

Who owns what_ trying to clean dirty money in the eu _ space for transparency

The European Union’s anti-money laundering rules are currently being revised, with new recommendations to be announced in 2013.

Opinion_ money laundering _ the rio times _ brazil news

RIO DE JANEIRO, BRAZIL – With all the corruption being (re-)discovered and the current battle against its ongoing existence, there is one political scandal that has slipped through the cracks of the public eye, and that is money washing, literally.

Honduran football and banking magnates indicted on money laundering charges in us – the tico times

The president of a champion Honduran football club whose home stadium bears his name has been indicted in the U.S. Money laundering terms on money laundering charges linked to drug trafficking.

The latest in anti-money laundering and counter-terrorism financing_ what you need to know. _ conventus law

Emma Hunter, founder and Supporting Chair of Baker & McKenzie's Global AML/CTF Group and our resident AML/CTF specialist, has recently returned from speaking at the 8th Annual Association of Certified Anti-Money Laundering Specialists (ACAMS) Asia Pacific Anti-Money Laundering and Financial

3 former fundraisers for mayor ed lee charged with bribery, money laundering _ news fix _ kqed news

San Francisco District Attorney George Gascón today announced felony bribery and money-laundering charges against former city Human Rights Commissioner Nazly Mohajer, former HRC employee Zula Jones and political consultant Keith Jackson, who faces additional charges of grand theft and campaign

Cuba on fatf money laundering blacklist _ the trinidad guardian newspaper

Cuba, which is at the centre of a money laundering case in which Republic Bank has been named, is on a list of 15 countries that have been identified as not being sufficiently compliant with the recommendations of the Financial

Justice ill-served by prosecutions in money-laundering schemes _ south china morning post

Hong Kong prides itself on its rule of law, but its crim-inal justice system should meet the test that "the punishment fit the crime", whether applied through the police, the public prosecutions branch of the justice department, or judges through

Panama papers_ obama, clinton pushed trade deal amid warnings it would make money laundering, tax evasion worse

Years before more than a hundred media outlets around the world released stories Sunday exposing a massive network of global tax evasion detailed in the Panama Papers, U.S. Money laundering certificate President Barack Obama and then-Secretary of State Hillary Clinton

Anti money laundering – indian perspective

The Guidelines as outlined below provides a general background on the subjects of Laundering money and terrorist financing summarizes the main provisions of the applicable laundering money and anti-terrorist financing legislation India and provides guidance on the practical implications of

Handicapper in phil mickelson-related money-laundering case seeks to withdraw guilty plea

A California man who last year pleaded guilty to transferring nearly $3 million to "an illegal gambling operation which accepted and placed bets on sporting events" filed a court motion on Tuesday requesting to withdraw his guilty plea.

Fighting money laundering and fraud—a zambian perspective _ acams today

In a Zambian context, “Financial Institution” is any legal entity registered by the Patents and Company Registration Agency (PACRA) and licensed and regulated by the Pensions and Insurance Authority and, for Commercial Banks, by the Central Bank of Zambia–BOZ.

Caesars reportedly to settle money laundering charges – marketwatch

Casino owner Caesars Entertainment Corp will pay $20 million to settle criminal charges over anti-money laundering lapses and will enter into a deferred prosecution agreement with the U.S. Preventing money laundering Justice Department, Reuters reported on Sunday.

Fabini pleads not guilty to drug trafficking, money laundering charges _ wane

FORT WAYNE, Ind. Simple meaning of money laundering (WANE) Michael Fabini pleaded not guilty to the more than 40 charges against him on Tuesday.

How can trade finance anti-money laundering monitoring be improved_ _ acams today

In recent years and today, financial institutions have been subjected to enormous regulatory fines and ongoing on-site visits by various government regulatory agencies.