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Hong Kong waitress arrested in connection with online romance scam that duped US lawyer out of HK$20 million

Hong Kong waitress arrested in connection with online romance scam that duped US lawyer...

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An online love scam in which a lawyer in the United States was duped out of more than US$2.6 million (HK$20 million) has...
Stop enabling kleptocrats: More must be done to stem the influx of dirty money to West

Stop enabling kleptocrats: More must be done to stem the influx of dirty money to West

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The sanctions imposed on Russia in response to its aggression in Ukraine highlight the crucial role of transnational finance in enabling corrupt and autocratic...
13 arrested over HK$53 million money-laundering scheme in Hong Kong, mainland China that preyed on jobseekers

13 arrested over HK$53 million money-laundering scheme in Hong Kong, mainland China that preyed...

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Hong Kong and mainland Chinese authorities have arrested 13 people for their alleged roles in the laundering of more than HK$53 million (US$6.8...
Iran’s FATF debate heats up as nuclear deal remains in limbo | Money Laundering News

Iran’s FATF debate heats up as nuclear deal remains in limbo | Money Laundering...

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Tehran, Iran – Top-level officials in Iran are once more publicly discussing contentious anti-money-laundering and anti-“terrorism financing” legislation that appears to be linked to...

Money laundering: CBN goes hard on banks

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• Non-compliant bank’s Boards may be removed The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations. The new rule, signed by CBN Director, Financial Policy and Regulations, Kelvin Amugo, requires that where the Board of a financial institution, a director or officer responsible for ensuring anti-money laundering compliance with any relevant provision of these regulations has been penalised ..