Can Nigerians trust Nigerian Banks when most of the banks belong to those who have links to money laundering schemes and corrupt practices?

R. Alexander Acosta, United States Attorney for the Southern District of Florida, and Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Office, announced today that a former Wachovia Bank assistant vice president, Javier J. Ortiz, 36, of Miami, was sentenced today by U.S. District Court Judge Adalberto Jordan to a 36 month prison term for his role in a conspiracy to commit money laundering in connection with an extensive Medicare fraud scheme.

Former Bank of China managers and their wives are convicted for stealing more than $485 million, laundering money through Las Vegas casinos.

A longtime donor for U.S. Democratic presidential contender Barack Obama went on trial Monday, accused of money laundering and extorting bribes.

The international community has made the fight against money laundering and financing of terrorism a priority. To combat this menace, over 20 international authorities including FATF (Financing Action Task Force) have formulated recommendations, methodologies and typologies meant for financial service providers.

Does your financial institution have Customer On-boarding process in place, which also filters out individuals/entities listed across multiple global and local watch-lists? Are your automated processes currently aligned with Prevention of Money Laundering guidelines of Monetary Authority of Singapore?

A Brazilian court has issued an arrest warrant for the London-based Russian billionaire Boris Berezovsky on money-laundering charges connected to a Brazilian soccer team.

DBS Bank's Indian operations has recently completed Bank’s KYC implementation & enhancement journey from the manual systems to automated one. DBS is the largest bank in Singapore and the fifth largest in Hong Kong.

The state's highest criminal court on Wednesday refused to reinstate a dropped conspiracy charge against former House Majority Leader Tom DeLay, The Associated Press reported.

Congressman William Jefferson Indicted On Bribery, Racketeering, Money Laundering, Obstruction of Justice, and Related Charges

Fortent, a provider of compliance technology, information, and training, announced on May 14th the opening of its company office in Japan.

RBC Dain Rauscher, Inc. of Minneapolis, Minnesota, a member firm, consented without admitting or denying guilt to findings of anti-money laundering and reporting deficiencies.