Proposed changes to Canada's anti-money laundering and terrorist financing law would bring Canada more in line with other western economies and address concerns raised by international financial regulators.
Read MoreIn the past week alone, cases of money laundering have hit headlines all around Europe. An investigation found that up to $30 billion of ex-Soviet and Russian money had potentially passed through the Estonian branch of Denmark’s largest bank, Danske Bank.
Read MoreA banned Auckland finance director, convicted of laundering dirty money for a high-profile multi-national drug deal, has applied to have his bankruptcy notice set aside.
Read MoreWhen a woman carried a supermarket shopping bag filled with cash into a bank, a teller's suspicions were raised.
Read MoreAn Auckland finance company accused of being involved in an alleged multi-million dollar pyramid scheme has pleaded not guilty to money laundering charges.
Read MoreA banned Auckland finance director has been sentenced after laundering dirty money for a high-profile multi-national drug deal.
Read MoreThe Government is proposing to make changes to how financial advice is regulated in New Zealand. The aim is to improve access to high-quality financial advice for all New Zealanders.
If you’re a business or individual offering financial advice and investment planning services, these changes affect you.
Read MoreWith its luxury hotels, skyscrapers and man-made islands, Dubai projects an image to the world of an ultra-modern luxury paradise. Behind the shimmering cityscape lies one of the most secretive — and cash-friendly — money-laundering hubs in the world.
Read MoreDanske’s Estonian operations became a laundromat for more than $8 billion that was channeled into Europe from Azerbaijan, Russia and Moldova between 2007 and 2015, according to Bill Browder, the fund manager who is leading a global campaign against the Kremlin over corruption and human-rights abuses.
Read MoreRecently AML Partners sort guidance from the Department of Internal Affairs with regard to the requirements for prescribed transaction reporting for reporting entities they supervise.
Read MoreThe Department of Internal Affairs will be delaying the publication of the guideline ‘Real Estate Agents – Complying with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act)’. This is in order to incorporate new regulations currently being consulted on and drafted by the Ministry of Justice.
Read MoreThe Department of Internal Affairs (DIA), an AML/CFT supervisor, is aware that law firms seek clarification how to meet their CDD obligations relating to their existing business relationships with registered banks.
Read MoreThe Department of Internal Affairs has issued a formal warning to an Auckland-based reporting entity under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act).
Read MoreThe European Banking Authority said it has opened a formal investigation into Malta’s Financial Intelligence Analysis Unit (FIAU) over how it enforced anti-money laundering rules at Pilatus bank.
Read MoreFinancial analysts and cyber-crime specialists among the new staff to crack down on trans-national organised crime in New Zealand.
Read MoreFrom the Lava Jato scandal to the Panama and Paradise Papers, time and again we’ve seen how offshore territories - often known as secrecy jurisdictions or tax havens - play a key role in facilitating the illicit flow of money across borders.
Read MoreMinisters plan changes to Scottish Limited Partnerships after finding foreign criminals are exploiting them to spend dirty money in Britain.
Read MoreWu Xiaohui appeared on Wednesday in a Shanghai court, where prosecutors accused him of defrauding Anbang of 65.25bn yuan.
Read MoreAustralia's cryptocurrency exchanges must now follow new rules aimed to counter money laundering and terrorism financing (AML/CTF).
Read MoreAn estimated $1.35 billion of criminal proceeds is generated for money laundering in New Zealand every year but the actual transactional value is thought to be several times higher, a new police report suggests.
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