Cobrapost releases fresh videos to nail money-laundering banksDeccan HeraldEven as allegations of money-laundering against three prominent private banks – ICICI, HDFC, Axis – seemed to have lost their force, news portal Cobrapost on Thursday released fresh videos of its sting operation to drive home the message that the …
Source: Money Laundering

FirstpostProbing money laundering: RBI noose tightensHindustan TimesCobrapost had, on March 14, alleged that the three banks were involved in money laundering activities by accepting black money from customers to convert them into white money. If found guilty, the banks could be heavily penalised, said a banking source.Cobrapost releases new videos of bank officials aiding money launderingFirstpostRBI finds KYC violation in Cobra expose: SourcesMoneycontrol.comall 8 news articles
Source: Money Laundering

Fitch: Banks Face Increased Anti-Money Laundering Compliance BurdenWall Street JournalBanks face growing costs to comply with U.S. anti-money laundering laws, Fitch Ratings said Friday. The growing costs hit smaller banks harder than the largest international financial institutions, Fitch said, and they may well lead some banks with …and more
Source: Money Laundering

Fitch: More Banks Facing US Anti-Money Laundering ScrutinyFort Mills TimesU.S. banking regulators have taken action on a number of highly visible violations of the Bank Secrecy Act (BSA), anti-money laundering (AML) laws, and the USA PATRIOT Act (Patriot Act) over the last few months, which points to the growing costs of …
Source: Money Laundering

My MoinfoUS Regulators Cite Anti-Money-Laundering Deficiencies at Germany's HSH …Wall Street JournalThe Federal Reserve Thursday ordered Germany's HSH Nordbank AG to strengthen its anti-money-laundering programs, citing deficiencies in the bank's risk management and economic sanctions compliance efforts. The bank's management reached an …HSH Nordbank in settlement on money-laundering checksFox BusinessHSH Nordbank To Bolster Anti-Money Laundering ControlsLaw360 (subscription)Fed Orders Nordbank to Strengthen Anti-Laundering ComplianceAmerican Banker (subscription)Banking Business Reviewall 5 news articles
Source: Money Laundering

FirstpostCobrapost releases new videos of bank officials aiding money launderingFirstpostQuestioning RBI Deputy Governor KC Chakrabarty's clean chit to the banks, Bahal also accused the Reserve Bank of India of turning a blind eye to the issue of money laundering and said the delay in investigations will only allow the banks to “clean up …RBI finds KYC violation in Cobra expose: SourcesMoneycontrol.comall 7 news articles
Source: Money Laundering

Anti-money laundering law now applicable to pawnshops, money changersPhilippine Information AgencySAN FERNANDO CITY, Apr 5 (PIA) — Operators of pawnshops, money changers and remittance centers are also required to observe the provisions on the Anti-Money Laundering Act or Amla before they are given the clearance to operate their businesses.
Source: Money Laundering

probed for alleged money launderinggulfnews.comManila: A provincial governor and eldest daughter of the late dictator Ferdinand Marcos should be investigated for alleged laundering of secret bank accounts of her father, following a report that she became the financial advisor in 2010 of a secret …and more
Source: Money Laundering