Facebook Pinterest Twitter Linkedin Four Swiss bankers found guilty on reportedly failing to have exercised due diligence on accounts linked to a friend of Russian President Vladimir Putin. These bankers worked for Gazprombank which is the main channel for Russian gas and oil payments. The court found the four bankers helping Sergei Roldugin, a …
4 Swiss Bankers found guilty over Money Laundering for Putin Read More »
Facebook Pinterest Twitter Linkedin The Constitutional Court presided over by Madam Justice Audrey Demicoli today gave verdict over the Financial Intelligence Analysis Unit’s current compliance process and Anti Money Laundering fines. The court declared them as null and unconstitutional and without any effect. Malta’s Anti-money Laundering laws are expected to have serious repercussions now as …
Facebook Pinterest Twitter Linkedin According to DeFi executives speaking at the World of Web3 Conference in Hong Kong, the greatest concern in decentralised finance (DeFi) is cybercriminals turning millions of dollars in illicit money into clean money. Leading companies emphasised the effectiveness of KYC in DeFi as a means of tackling Anti-Money Laundering vulnerabilities throughout …
DeFi’s “Biggest Issue” Sparks Industry Leaders’ Call for KYC Measures Read More »
Facebook Pinterest Twitter Linkedin European Union Removes the Crippling Economy From High-Risk Countries List Another milestone was achieved by Pakistan. Reported by news media is that Pakistan has been removed from the High-Risk Countries list by the European Union (EU) which is aggressively working against money laundering and terrorism funding for the last few …
Pakistan is No More a High-Risk Country: European Union Read More »
Facebook Pinterest Twitter Linkedin Reports reveal that Germany is forming a new Anti-Money Laundering regulatory agency focusing on AML and sanctioning. The new regulatory body will be called the “Federal Authority for Fighting Financial Crime”. It will supersede the country’s existing AML authority (FIU) Financial Intelligence Unit. Within the coming months, the agency will be …
Germany is About to Form New AML Regulatory Agency Read More »
Facebook Pinterest Twitter Linkedin Mar 29 – A Germany-based digital identity verification service provider, Passbase, sold its assets to Parallel Markets in order to strengthen its reputation as a supplier of portable KYC procedures. According to Parallel Markets CEO, Tony Peccatiello, the business is a pioneer in the field of reusable electronic identities, and the …
Parallel Markets Boosts KYC Efficiency with the Acquisition of Passbase Assets Read More »
Facebook Pinterest Twitter Linkedin As part of an inquiry into allegations that they were involved in money laundering for a criminal organisation, Peruvian prosecutors announced late on March 28, 2023, Tuesday that they had begun looking into President Dina Boluarte and Former President Pedro Castillo. The latest investigation comes the same week that Congress will …
Peru’s President Under Scrutiny for Suspected Money Laundering Read More »
Facebook Pinterest Twitter Linkedin Advancement has been planned and approved by the European Parliament in mitigating the Money Laundering regime and the EU is ready to launch a new and improved Anti-Money Laundering Action Plan. BREAKING: The European Parliament on Tuesday approved sweeping plans to overhaul the bloc’s anti-money laundering regime, including by establishing a …
The EU Parliament Proposed a New and Advanced AML Action Plan for Member States Read More »
Facebook Pinterest Twitter Linkedin Illegalities Exposed: Remittance Boom Draws Attention to Suspicious Transactions from Low-Mexican Population States Nearly 8% of the record $58 billion that Mexicans mainly living in the US sent home last year appear to be linked to crime https://t.co/41r8m1EoHa — Bloomberg (@business) March 27, 2023 According to a recent study by …
Crime-Related Links Suspected in $4 Billion US-Mexico Remittance Flow Read More »
Facebook Pinterest Twitter Linkedin After a siege on the lender, regulatory authorities were convinced to take over Silicon Valley Bank, and First Citizens BancShares Inc. agreed to purchase the institution. As per the announcement from the Federal Deposit Insurance Corporation, the Raleigh, North Carolina-based bank entered into a buy-and-take-over agreement for all of SVB’s …
Silicon Valley Bank Acquired by First Citizens Following Lender’s Rush Read More »
