Posts in category

Money Laundering


An O’ahu man who pleaded guilty in federal court in 2019 to drug trafficking was sentenced to more than 24 years in prison on Thursday, June 17. United States District Judge Derrick K. Watson sentenced Justin K. Wilcox, aka Justin Kaanoi, aka Ali’i, 39, of Kailua, to concurrent jail terms of 295 months and 240 …

June 17 (Reuters) – Latvia’s Rietumu Banka was fined 5.85 million euros ($ 6.96 million) for failing to screen and monitor its customers over money laundering money and terrorist financing, the country’s banking watchdog announced Thursday. The fine imposed on the bank, which primarily serves non-resident customers, is the result of inspections in 2019 and …

Finance Minister AHM Mustafa Kamal said on Wednesday that some people launder money out of excessive greed for wealth, while others are criminal in nature and engage in such offenses. Highlighting these two reasons behind the smuggling of money from the country, the Minister noted that the formation of the required laws is underway and …

The former Peasants and Workers Party MP was arrested under sections of the PMLA and is expected to be taken to a local court for further detention, they said. The Enforcement Directorate (ED) has arrested former Maharashtra MPP Vivekanand S Patil in a money laundering case linked to alleged fraud of more than 512 crore …

NEW YORK, LONDON and TEL AVIV, Jerusalem, June 15, 2021 / PRNewswire / – ThetaRay, a leading provider of AI-powered big data analytics, today announced a global partnership with Google Cloud to protect banks, fintechs, PSPs and corporations from payment infrastructure against money laundering activities hidden in cross-border transactions. Through this alliance, ThetaRay’s recently announced …

BOSTON – The wife of a Cranston parts dealer, convicted of laundering millions of dollars for a Mexican drug cartel, and her brother have once again written off to challenge confiscation orders of $ 136 million dollars against them. Last week, a three-judge panel from the 1st United States Court of Appeals hinted at a …

File photo: A hooded man holds a laptop as a cyber code is projected on him in this illustrative photo taken on May 13, 2017 Reuters Defendant manipulated young girls to create vulgar content for live broadcasts, law enforcement officials say The Criminal Investigation Department (CID) on Saturday arrested five people, including a foreign national, …

Abu Dhabi:The Central Bank of the United Arab Emirates (CBUAE) has issued two new anti-money laundering guidelines and fight against the financing of terrorism (LAM /CFT) for its Authorized Financial Institutions (IFLs) for reporting suspicious transactions and persons / legal arrangements. The Guidelines will help to understand and mitigate risks as well as the effective …

CID Karnataka’s cybercrime division arrested nine accused, including four foreign nationals, in a major money laundering scam in the name of an investment in a food bank worth over Rs 290 crore . The team received a complaint from Razor Pay Software Private Limited alleging that the accused people were using the company’s payment solutions …

On May 25, 2021, the US Department of Justice (“DOJ”) unsealed a charge indicting two Austrian citizens, Peter Weinzierl (“Weinzierl”) and Alexander Waldstein (“Waldstein”), for their role in a scheme to launder hundreds of millions of dollars through the US financial system on behalf of the Brazilian construction conglomerate, Odebrecht SA (“Odebrecht”). The indictment alleges …