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Facebook Pinterest Twitter Linkedin Actor Leonardo DiCaprio appeared in federal court in Washington on Monday to give a witness statement in rap star Prakazrel “Pras” Michel’s case. Michel is a member of the hip-hop band “The Fugees” and is alleged of using millions of dollars in financial fraud to petition the U.S. government representing a …

Leonardo DiCaprio Takes the Stand in Rapper Pras Michel’s Money Laundering Case Read More »

Facebook Pinterest Twitter Linkedin Allegedly handling more than $ 146 million through gambling and casino sites, 21 people were arrested in the international Money Laundering Case in Vietnam. Prosecutors reported that the illegal activities were being carried out since the last 10 months. Shen, aged 40, was leading the illegal casino and gambling sites out …

Vietnam’s Money Laundering Case Made Progress – 21 Arrested in Kaohsiung Read More »

Facebook Pinterest Twitter Linkedin Another stringent move in mitigating the global Money Laundering crime has been witnessed and reported hours ago. The Gulf belt which is already notorious for its opulence and lavish lifestyle where Saud’s rule it all and have it all are now facing some serious legal tensions against them. The Criminal court …

Kuwait’s Largest Money Laundering Story Comes Ends – 10 year Jail Sentence to the Ruling Family Member Read More »

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 …

Constitutional Court declared FIAU’s Anti-Money Laundering fines as Ineffective and Nullified Read More »

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 »