Money Laundering
EU action against money laundering in the banking sector to go under auditor scrutiny
The scale of money laundering is difficult to assess, but it is considered to be significant. The United Nations Office on Drugs…
Malta: Sovereign Charters denies vessels were chartered for military purposes or money laundering
Sovereign Charters has denied all the allegations that it has chartered two of its vessels in connection to money laundering or military…
Malta: Failure to fight money-laundering ‘could threaten financial stability’ – IMF
Failure to tackle “significant” deficiencies in Malta’s anti-money laundering regime could potentially threaten financial stability, the International Monetary Fund (IMF) has warned.…
EU heavyweight states push for joint supervisor against money laundering
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the…
Dutch bank ABN Amro subject to money laundering investigation
Dutch bank ABN Amro has been placed under investigation by Dutch prosecutors relating over suspected money laundering, it said today. Prosecutors said…
Council of Europe urges Malta to step up its efforts to investigate and prosecute money laundering
In a report published today, the Council of Europe’s anti-money laundering body MONEYVAL calls on the Maltese authorities to strengthen their practical…
New German law to target money laundering in property market
Germany's government is unveiling a new law aimed at combating money laundering in the real estate sector. It's estimated that billions in…
Money laundering failures signal policy headaches for new Commission
In the twilight of its five-year administration, Jean-Claude Juncker's Commission on Wednesday released a package of reports that reveal how and why…
Fresh crackdown in the UK in fight against dirty money
The British government is giving new impetus to the fight against money laundering. Through the Economic Crime Plan the British Government intends…
Swedbank fires CEO and financial director of Estonian operations following money laundering allegations
Swedbank has ousted the chief executive and finance director of its Estonian operations as part of its internal investigation into extensive money…
EU reviewing past money-laundering cases at banks in the EU
The European Commission is reviewing past money-laundering cases at EU banks to assess what went wrong and decide possible tweaks to rules.…
How AI Can Help Combat Money Laundering and Make Online Gaming Safer?
A recent investigation found that mentions of the popular online game Fortnite on the dark web have risen directly with the game’s…