Category: Money Laundering

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”

USA: Nowhere Left to Hide for Owners of Shell Companies

Questionable owners of anonymous shell companies may face a much harder time hiding their dirty money in the U.S. in the future. 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… Continue Reading “USA: Nowhere Left to Hide for Owners of Shell Companies”

UAE AML: 9 jailed, fined millions over $83.37m money laundering case

And action! The Emirate of Abu Dhabi seems to be finally leading the way in the UAE with a renewed commitment to money launderingĀ enforcement. Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of… Continue Reading “UAE AML: 9 jailed, fined millions over $83.37m money laundering case”