German finance ministry raided in money laundering probe
German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting the spotlight on Germany’s failings in tackling financial crime.
Reuters report that the probe into the Financial Intelligence Unit, an agency of the finance ministry under Social Democrat ...
UK: Ex-adviser Richard Faithfull jailed after laundering money for organised crime group
A former investment adviser has been sentenced to five years and ten months in prison for money laundering as part of an organised crime group.
FT Adviser reports that Richard Faithfull was convicted of laundering £2.5m as part of a trans-national crime group over a period of at least 12 months.
Nigerian regulator warns money lenders
Nigeria's Central Bank says it's investigating the foreign-exchange transactions of lenders operating in the country. This after the naira on Friday plunged to record lows in the unauthorised market, defying efforts by the central bank to stabilise the currency. Flagging ‘recent occurrences’, it warned banks ‘to desist from ...
London law firms test working flexibility
CLSAP NZ hit with $770,000 fine for anti-money-laundering law breaches over $50m in transactions
Malta: Notary fined €62,000 for breaching anti-money laundering rules
Australian banks reject pressure to deal with cryptocurrency firms
Basel AML Index 2021 – Four things holding back the global fight against ML
Dubai opens court to hear money laundering cases
Nigerian national sentenced for orchestrating online romance scam
Swiss regulator issues first-ever approval for a stock exchange and a central securities depository for the trading of tokens
Anti-laundering unit goes off-grid, fraying Afghan ties to global finance