Stakeholders Raise Over Money Laundering BillAllAfrica.comSerious concern has been raised about the money laundering bill that is presently being reviewed by the committee on Judiciary, Claims, Petitions and Human Rights at the Senate. It has come to the attention of this paper that by the end of April 2013 …and more
Source: Money Laundering

Money Mantra: Issue of money laundering among private sector banksNDTVOnline magazine Cobrapost, in its recent operation, claimed to have caught on tape evidence that some of India's largest private sector banks help in money laundering. Experts, S C Chawla, chartered accountant, partner with S Chawla & Company, and …
Source: Money Laundering

Cartel member indicted on money laundering, drug chargesMyFox PhoenixJose Guadalupe Tapia-Quintero, 42, was charged with conspiracy to distribute methamphetamine with intent to import, conspiracy to possess with the intent to distribute methamphetamine and conspiracy to commit concealment of money laundering.
Source: Money Laundering

Saddam Hussein's Lawyer Convicted of Money Laundering and FraudBusinessweekGiovanni di Stefano, an Italian who acted as defense attorney for Saddam Hussein and former Serbian leader Slobodan Milosevic, was convicted on money laundering, fraud and deception charges by a London court. Di Stefano claimed to be a lawyer for …
Source: Money Laundering

Federal charges broaden in real-estate fraud and money-laundering casePittsburgh Post GazetteA federal grand jury Tuesday handed up a superseding indictment accusing real-estate professionals of wire fraud, bank fraud and money laundering in a home sales. The indictment appeared on the U.S. District Court docket today. The indictment expands …
Source: Money Laundering

Jakarta GlobeEx-PKS boss suspected of money launderingJakarta PostThe politician, deemed by his colleagues within the Islamic party as an ustadj or religious teacher, has been charged with violating articles 3, 4 and 5 of the 2010 Money Laundering Law, KPK spokesman Johan Budi told reporters on Tuesday.KPK Declares Former PKS Chairman Luthfi a Money Laundering SuspectJakarta Globeall 2 news articles
Source: Money Laundering

Export Law BlogUS Treasury to pursue bankers who aid money launderingInfosurhoy“There have been cases involving individuals that OFAC has brought, but not individuals who were explicitly employees of financial institutions acting on behalf of the financial institution,” OFAC official Dennis Wood said during a counter-money …Bankers to Be Held Personally Liable for Sanctions Violations: US TreasuryInsurance Journalall 3 news articles
Source: Money Laundering

Fed Forces Citi to Improve Anti-Money Laundering ControlsNASDAQA Citi spokeswoman said the bank “has made substantial progress in strengthening” its compliance with the Bank Secrecy Act and other anti-money-laundering regulations. The issues raised in the Federal Reserve order Tuesday are based on the findings by …
Source: Money Laundering