money laundering

Nigeria: Nigerian Banks in Trouble!

MichaelChima — Tue, 13 Jan 2009 11:04:52 -0600

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

Bank Officer Sentenced in Medicare Money Laundering Fraud

Armen Hareyan — Mon, 29 Dec 2008 09:11:09 -0600

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.

Chinese bank execs guilty of laundering stolen $485 million through casinos

erku — Wed, 03 Sep 2008 08:58:41 -0500

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

Trial of Obama Fundraiser Tony Rezko Begins

seher — Tue, 04 Mar 2008 12:40:13 -0600

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

Unexplored Areas Of Money Laundering

abdul — Tue, 07 Aug 2007 01:14:35 -0500

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.

Anti Money Laundering And Risk Management Framework

abdul — Mon, 06 Aug 2007 01:26:02 -0500

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?

Brazilian Court Issues Warrant For Russian Billionaire

Dinka — Fri, 13 Jul 2007 10:15:43 -0500

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 Implements Comprehensive Compliance Framework Solution

hareram — Thu, 12 Jul 2007 03:55:18 -0500

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.

DeLay Wins Round in Texas Court

Alla — Thu, 28 Jun 2007 23:38:25 -0500

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 Is Indicted on Bribery Charges

Armen Hareyan — Mon, 04 Jun 2007 15:56:27 -0500

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

Leading Anti-Money Laundering Systems Provider to Enter Japanese Market

Anastvatz — Mon, 14 May 2007 06:51:30 -0500

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

Member Firm Disciplined for Anti-Money Laundering Program and RE-3 Reporting Deficiencies

Anastvatz — Thu, 10 May 2007 00:32:41 -0500

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.