Category: AML

USA: German Attorney Pleads Guilty to Money Laundering

Defendant laundered more than $1.1 Million through a shell company. Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the content. To continue reading, please login or Register now.

Cracking down on Professional Enablers- 2021 OECD Report

Tax evasion, bribery, corruption, money laundering, fraud, sanction evasion and other white collars crimes are often facilitated by lawyers, accountants, financial institutions and other “professional enablers”. A new OECD report sheds light on the extent on the problem, and offers recommendations. Members-only content. While… Continue Reading “Cracking down on Professional Enablers- 2021 OECD Report”

Malaysia: Deloitte to pay $80M in settlement over 1MDB scandal

Deloitte has entered into an $80M out-of court settlement with Malaysian Authorities over its role as an auditor to 1Malaysia Development Berhad (1MDB). Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the… Continue Reading “Malaysia: Deloitte to pay $80M in settlement over 1MDB scandal”

Morocco exits EU’s Grey List to land on FATF’s grey list

I didn’t know it was even possible for a country to exit one international grey list to enter another within the course of one week, but apparently it happens. If that wasn’t enough Morocco was also the subject of a “black report” on its… Continue Reading “Morocco exits EU’s Grey List to land on FATF’s grey list”

Bank of Baroda fined $1.8M by UAE Central Bank for AML failures

In an interesting move, the UAE Central Bank has imposed a sanction of AED 6,833,333.00 (amounting to $1,860,676 approx.) on Bank of Baroda, GCC Operations, Dubai for violating anti-money laundering laws. Members-only content. While the blog operates on a free-to-view basis, your registration is… Continue Reading “Bank of Baroda fined $1.8M by UAE Central Bank for AML failures”

Saudi Arabia: Financial Rewards and Confidentiality for Anti-Corruption whistleblowers

Whistleblowers reporting cases of corruption in Saudi Arabia will be able to benefit from financial and in-kind rewards. Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the content. To continue reading, please… Continue Reading “Saudi Arabia: Financial Rewards and Confidentiality for Anti-Corruption whistleblowers”