THE South African Reserve Bank has imposed administrative sanctions on five prominent banks, including hefty fines to the tune of N$37,5 million, after routine inspections revealed inadequacies in their money-laundering control measures.
Standard Bank SA, Gr…
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Standard Bank SA and Others Sanctioned for Money Laundering Shortcomings
Meghan and Harry refuse to name mystery multi-millionaire who owns their Christmas mansion
Prince Harry and Meghan Markle have refused to name the the secretive multi-millionaire who loaned the couple their Canadian mansion – but who has used highly controversial methods also deployed by money-launderers and tax-evaders to conceal his identity.
Th…
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Four entities received huge sums of money from Najib’s personal account, say prosecution
KUALA LUMPUR (Bernama): The High Court here was told on Wednesday (Jan 8) that Umno, Wanita MCA, and two companies, namely Binsabi Sdn Bhd and Perano Sdn Bhd, had received large sums of money from the personal bank account of then prime minister Datuk Seri Na…
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New EU AML Compliance Laws Could Disrupt the Crypto Industry
On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore parad…
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UK Treasury Imposes Ban on Iran-Backed Hezbollah Terrorist Group, Orders Asset Freeze
UK Treasury: Ban “includes the Military Wing, the Jihad Council and all units reporting to it, including the External Security Organisation.”The United Kingdom has joined the United States in banning the Iran-backed terrorist group Hezbollah in its entirety. …
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Money Laundering Trap
Dar es Salaam — You do not necessarily have to be involved in an illegal deal worth billions of shillings to face money laundering charges in court.
If and when state organs decide to strictly observe in the letter the anti-money laundering legislation, peop…
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Bermuda Confirmed as a Global Leader in the Fight Against Money Laundering and the Financing of Terrorism and Proliferation
HAMILTON, Bermuda–(BUSINESS WIRE)–Bermudas regulatory regime has been assessed by the Caribbean Financial Action Task Force (CFATF), and the global inter-governmental Financial Action Task Force (FATF), and confirmed for having some of the highest internati…
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Pakistan largely addresses FATF terms
PHOTO: FATF
ISLAMABAD: Days before a crucial meeting, Pakistan says it has made significant progress on the implementation of 27-point Financial Action Task Forces determined plan
The government adds it has largely addressed 22 points related to curbing mo…
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Chainalysis Finds Terrorists Are Refining Crypto Financing Operations
A new study by Chainalysis finds that terrorists are refining their financing operations using cryptocurrencies.
Faster and broader funding
Earlier today, Jan. 17, the blockchain analysts identified Izz ad-Din al-Qassam Brigades (AQB), Hamas’s military arm…
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Three Days From Hearings Before India’s Supreme Court on Crypto Ban
The Supreme Court of India has wrapped up the first three days in a hearing on a landmark case brought against the country’s central bank against its ban on banks’ dealings with cryptocurrency-related businesses.
From Jan. 14 through 16, proceedings were foc…
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