AML

Two Estonian citizens arrested in $575 million cryptocurrency fraud, money laundering scheme

Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the U.S. Justice Department…

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Financial crime: 7,218 suspicious reports filed to FIAU in 2021

In 2021, 7,218 suspicious reports were filed by subject persons (SPs), marking an increase of over 2,000 STRs over 2020, the FIAU revealed today. In its Annual Report tabled in…

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Court says Credit Suisse faces $45.5 million claim in money-laundering case

Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin on Feb. 7, the Swiss Federal Criminal Court (FCC)…

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Chamber wants right to request vaccine certificates / Malta News Briefing – Saturday 8 January 2022

Mid-Day Briefing PN proposes major legislative changes to implement recommendations of Caruana Galizia inquiry The Nationalist Party has launched a proposal for a legislative proposal that includes all the major…

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Maltese national arrested in Italy-Malta drug operation / Malta News Briefing – Wednesday 1 December 2021

Times of Malta says that during Thursday's floods, rescuers ended up having to be rescued themselves MaltaToday says that European Commission President Ursula von der Leyen announces that the COVID-19…

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Exiting the Grey-List – Malta Institute of Accountants

by the Malta Institute of Accountants It has only been a couple of months since Malta reeled from the news that it had been grey listed by the global money…

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Australia’s Crown Resorts branded ‘disgraceful’ after enabling money-laundering and misleading regulators

An Australian inquiry on Tuesday declared Crown Resorts unsuitable to hold a gambling licence in Melbourne but allowed it to run its biggest-earning casino under supervision, raising hope for its…

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Vatican judge indicts 10, including a cardinal, for alleged financial crimes

VATICAN CITY, July 3 (Reuters) - A Vatican judge on Saturday ordered 10 people, including an Italian cardinal, to stand trial for alleged financial crimes including embezzlement, money laundering, fraud,…

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UK watchdog issues warning about 111 unregistered crypto asset firms

Britain’s markets watchdog said on Tuesday that more than 100 unregistered crypto asset firms posed a risk to the broader financial system and warned consumers, banks and payment services companies…

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Malta meets Moneyval expectations on anti-money laundering

Malta has achieved “significant progress” in fighting money-laundering and terrorism financing, a report by Moneyval found. The Council of Europe anti-money laundering body acknowledged that Malta has succeeded to meet…

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UPDATED: Malta News Briefing – Tuesday 23 February 2021

Updated 1745- News portal briefing Times of Malta reports that the COVID-19 pandemic cost the Maltese government an estimated €900 million last year and the deficit for last year is…

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EU ministers agree to set up EU anti money laundering body

European Union finance ministers agreed on Tuesday to set up an EU body that would fight money laundering across the 27-nation bloc, supporting a European Commission proposal from May. The Council of Finance ministers…

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Comuniq.EU – Anti-Money Laundering

by Keith Zahra Interconnected registers of beneficial owners, a preventive blacklisting policy and effective sanctions are among tools proposed by MEPs to stop money laundering. MEPs want the Commission to…

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EU sues Austria, Belgium, Netherlands over anti-money laundering rules

The European Commission said it was suing Austria, Belgium and the Netherlands because the three countries had not fully integrated EU rules on anti-money laundering into their national laws. The 27-nation bloc's…

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EU Council calls for further improvements in the fight against serious and organised crime

The Council of Ministers of the European Union has pushed for a stronger legal framework in the fight against serious and organised crime. According to estimates, the proceeds of organised…

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Commission steps up fight against money laundering and terrorist financing

The European Commission has put forward a comprehensive approach to further strengthen the EU's fight against money laundering and terrorist financing. This ambitious action plan, targeting one of the biggest…

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Malta drops six places in Anti-Money Laundering Index – In-Nazzjon Headlines

In-Nazzjon quotes figures by the Basel Anti-Money Laundering Index and says that Malta dropped six places between 2013 and 2019. The latest report ranks the country in the 13th place. In-Nazzjon follows…

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MFSA appoints auditors to advise and monitor Satabank after shortcomings in anti-money laundering procedures found

The Times of Malta reports Auditors EY have been appointed by the MFSA to “advise and monitor” Satabank, after a joint inspection and audit by the MFSA and FIAU found shortcomings in the…

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