The serious failings in Deutsche Bank’s AML controls allowed billions to be transferred from Russia to offshore accounts via the bank
Brokerage in Costa Rica used to help launder US$1 million in proceeds from a “pump and dump” penny stock fraud
120 currency exchange houses have been identified by the Central Bank of Iraq as being in territory that is accessible by Daesh
The purpose of the alert “is to support financial institutions in recognizing and reporting” financial transactions that may be related to sex trafficking
The International Supervisors Forum is aiming to co-ordinate compliance and enforcement activities on businesses that transmit or convert money
Proposed revisions recognize that not all correspondent banking relationships bear the same level of risk
Firms such as banks and securities dealers involved in real estate transactions are vulnerable to being exploited to enable money laundering
Securefact’s new SIDni ID verification tool meets FINTRAC’s updated guidelines for customer-not-present ID verification
Updated laws provide more options to verify a client's identity, but also make monitoring more accounts necessary
Many startups may not realize they are required to register with the anti money-laundering agency