CBS MoneywatchFederal Reserve orders Citigroup to improve plan to prevent money launderingCBS MoneywatchNEW YORK The Federal Reserve announced Tuesday that last week, it ordered Citigroup (C) to improve its plans for preventing money laundering. In an order dated March 21, the Fed said that Citi had agreed to fix “deficiencies” in its anti-money …
Source: Money Laundering

Online-Casinos.comExperts Say Online Gambling Not Conduit For Money LaunderingOnline-Casinos.comThe opinion of experts in the European jurisdiction is that regulated and licensed online gambling reduces the threat of money laundering and makes it difficult for criminals to use the industry for illegal purposes. It was the opinion of Dr. Friedrich …
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Citigroup Receives Anti-Money Laundering Order From FedBusinessweekCitigroup Inc. (C), the third-biggest U.S. lender, must submit plans to the Federal Reserve that show how the bank has improved safeguards against money laundering. Regulators ordered the New York-based company to explain procedures put in place to …
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My MoinfoFederal Reserve Faults Citigroup Over Money Laundering ControlsNew York TimesIn that order, the comptroller, Citigroup's primary regulator, demanded that the bank improve its anti-money laundering controls. The comptroller accused the bank of violating the Bank Secrecy Act, a federal law that requires banks to rout out tainted …Fed orders Citigroup to improve anti-money laundering controlsChicago TribuneCitigroup Agrees To Improve Anti-Money Laundering Controls In Fed AgreementFox BusinessFed cites Citi for breaching money-laundering lawMarketWatchall 6 news articles
Source: Money Laundering

Money-laundering audit casts shadow over bailoutPresseurop (English)The 11-day investigation, which began on March 20, is being carried out by Moneyval, part of the Strasbourg-based Council of Europe dedicated to investigating money-laundering, and a second undisclosed private international audit firm appointed by the …
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Business TodayMoney laundering: Cobrapost expose shows banking system is flawedBusiness TodayHidden-camera videos of the country's three leading private banks' officials allegedly advising customers on money-laundering recently kicked up a storm. Heads have started to roll at the junior levels in these banks – ICICI, HDFC and Axis . But …Sharp business practices of banks need to be curbedThe Hinduall 2 news articles
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Cyprus Crisis Reveals Shadowy World of Tax and Money Laundering HavenThe Real News NetworkJames S. Henry is a leading economist, attorney and investigative journalist who has written extensively about global issues. James served as Chief Economist at the international consultancy firm McKinsey & Co and as an investigative journalist his …
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Jakarta GlobeKPK Declares Former PKS Chairman Luthfi a Money Laundering SuspectJakarta Globe“The investigators suspected there had been efforts to launder and hide the money by changing the ownership [of some assets] therefore they declared LHI [Luthfi Hasan Ishaaq] as a suspect in a money laundering case,” said Johan Budi, the spokesman of …
Source: Money Laundering