Danny Casolaro Was Planning to Meet with Key Figures in Nugan Hand Bank and Members of Australian Government Commission Before He Was Murdered On August 10, 1991, Danny Casolaro was found lying dead in a tub of bloody water in a hotel room in Martinsburg, West Virginia. The cause of death was ruled a suicide, […] The post Slain Journalist Was on Threshold of Exposing Large-Scale CIA-Mafia Drug-Smuggling Operation Using Australian Bank Founded by Special Forces Veteran first appeared on Cove...| CovertAction Magazine
The Bank of Ghana (BoG) has commenced a one-month suspension of the remittance partnerships of five Money Transfer Operators (MTOs) and the Foreign Exchange Trading Licence of United Bank for Africa (UBA Ghana), effective yesterday. The Central Bank, as usual, seems to be dancing around violations within the financial system rather than effectively cracking down […]| The Herald Ghana
Authorities in both Vietnam and South Korea have intensified efforts against large-scale illegal online gambling operations, issuing severe prison sentences and shutting down networks that processed billions of dollars in wagers. The cases highlight how gambling rings, often tied to cryptocurrency and organised crime, continue to expand across borders while authorities seek to contain them. Vietnam Sentences Four Siblings in […]| World Casino News
The UK ML/TF National Risk Assessment 2025 dropped last week and is a welcome update on those reported in 2015, 2017 and 2020. The NRA runs to 163 pages and provides a summary of the main ML & TF threats and trends since 2020 as well as summarising the most vulnerable sectors and highlights some interesting cross cutting issues. 1. Money Laundering: The main ML related threats are identified as being the “common predicate offences that generate criminal funds” and “harms” since 2020 ...| Financial Crime News
At the ACAMS Effectiveness webinar held on 16th July, 2025, this topic was discussed from different perspectives in the fight against financial crime including money laundering. Whilst we have explored much in terms of effectiveness, we still don’t have a clear consistent & common purpose for those involved. We are talking about hundreds of thousands of people & maybe more. Stakeholder effectiveness has been developed, for example by the Wolfsberg Group for Financial Institutions and by the...| Financial Crime News
The Financial Conduct Authority announced fines of £21 million against UK Challenger Bank for serious AML weaknesses between 2018 and 2020. This follows a fine against Starling Bank for £28 million also a UK Challenger bank last year. The FCA found that, key elements of Monzo’s financial crime framework particularly with regard to customer risk assessments and the collection of customer information did not keep pace with the Firms expansion and during the VREQ period. FCA considers that...| Financial Crime News
The FATF published updated payment transparency standards following their approval in June 2025, after a few years of consultation. The hard work to reach agreement has to be recognised and in particular the work of FATF’s Policy Development Group led by Co Chairs Takahide Habuchi & Elad Weider This initiative may well have been one of the toughest tasks FATF has undertaken and 2 consultations reflect the challenges involved, but also the wider environment. After many years a FATF com...| Financial Crime News
1. Introduction Today Financial Crime News is publishing a Financial Crime Dashboard (see Annex 1) for Latvia and a summary of the progress made, a week after the new Moneyval report for Latvia was discussed at the joint FATF Moneyval Meeting and is said to be positive. Nevertheless, we will have to wait until Q4 2025 as Latvia is the first country to be assessed under the 6th round of country evaluations so it will go through a full quality check. For the avoidance of any doubt, FCN has not ...| Financial Crime News
Today Financial Crime News is publishing an updated Financial Crime Dashboard on Singapore after spending a few weeks meeting many financial crime leaders in the city state, and just ahead of the FATF assessors coming to town for their 5th round onsite. See: FCN Singapore Dashboard June25Pbd The last full FATF evaluation was published in 2016 with a follow up report in 2019 so a lot has changed since then, both in terms of the threat and the response. See for 2016 & See for 2019: The last FA...| Financial Crime News
The UAE ML/TF Risk Assessment 2024 dropped last week and it’s a very big improvement on those prior NRA extracts reported in 2019 and 2021. The UAE has been through a lot during this period, including being added and then removed from FATF’s Grey List. FCN has reported on the journey the UAE has been on including reporting on improvements made, which suggest where genuine political commitment to make improvements in combatting financial crime and money laundering are real a lot can be ach...| Financial Crime News
Scams made the front cover of the Economist’s Feb 8, 2025 edition titled “Scam Inc”. It claims, “every year US$500bn is stolen in online scams” and now it “rivals the international drugs trade”. The source is an “expert in Chinese organised crime who was a police officer in Hong Kong for 11 years. That puts scamming on a par with the illegal drugs trade as one of the world’s biggest illicit industries”. The source named in the piece is well credentialed but he left the HK ...| Financial Crime News
Anton Moiseienko, Senior Lecturer and Research Director at the Australian National University Law School, introduces GAB readers to his new book on AML with the following observation — The contemporary anti-money laundering (AML) regime effectively prevents criminal infiltration of the … Continue reading →| GAB | The Global Anticorruption Blog
~ By Akshat Patria The Delhi High Court recently, in the case of Adnan Nisar v. Directorate of Enforcement, passed a significant verdict expanding the scope of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as the PMLA) to the offences committed outside India. The Hon’ble High Court has clearly held that an … Continue reading Adnan Nisar v. Directorate of Enforcement: Highlighting the Cross-Border Implications of the PMLA| The Criminal Law Blog
– Hardik Kuldeep and Nishtha Chopra INTRODUCTION The question of whether the Enforcement Case Information Report [“ECIR”] should be mandatorily supplied to the accused has come up before the Supreme Court on numerous occasions. In Vijay Madanlal Choudhary v. Union of India, the apex court had ruled that not only the non-supply of ECIR but … Continue reading International Perspectives on Enforcement Case Information Report Disclosure:Upholding Fair Trial Rights in Money Laundering Cases| The Criminal Law Blog
-Rushil Batra Introduction In 2022, the Supreme Court gave its much-awaited pronouncement in the case of Vijay Madanlal Chaudhary v Union of India on various aspects of the Prevention of Money Laundering Act, 2002 (PMLA)– inter alia the constitutionality of PMLA, conditions for bail, and the role of the Enforcement Case Information Report (ECIR). The … Continue reading Money Laundering and Predicate Offences – The Aftermath of Vijay Madanlal Chaudhary| The Criminal Law Blog
~By Devvrat Singh and Nishita Gupta Introduction The Prevention of Money Laundering Act (hereinafter referred to as PMLA) was enacted in 2002 and since then it has undergone several amendments. The stated object of PMLA was to combat money-laundering activities and confiscate the properties involved in or connected to the act of money laundering. Several … Continue reading Bail under PMLA: Comprehending the SC’s Imprimatur in Vijay Madanlal Choudhary vs UOI| The Criminal Law Blog
~By Abhinav Sekhri The previous post in this two-part series considered how the Supreme Court’s judgment in Vijay Madanlal Choudhary & Ors. v. Union of India & Ors. [SLP Crl. No. 4364 of 2014; Judgment dated 27.07.2022 (“Vijay Madanlal Choudhary“) dealt with the offence of money laundering under the Prevention of Money Laundering Act 2002 [“PMLA”]. This post turns its lens to how the judgment … Continue reading Old Wine in New Bottles? – The Judgement in Vijay Madanlal...| The Criminal Law Blog
~By Abhinav Sekhri After marathon hearings, the Supreme Court finally pronounced its judgment on 27.07.2022 in a batch of over 200 petitions where the legality of various provisions under the Prevention of Money Laundering Act, 2002 [“PMLA”] had been challenged. This judgment — bearing the title Vijay Madanlal Choudhary & Ors. v. Union of India & Ors. [SLP Crl No. 4364 … Continue reading Of Old Wine in New Bottles – The Judgement in Vijay Madanlal Choudhary (Part One)| The Criminal Law Blog
~By Abhinav Sekhri The Delhi High Court has passed a detailed judgment in the matters of Hi-Tech Mercantile and Prakash Industries [Order dated 19.07.2022 in WP(C) No. 14999 of 2021 (“Prakash Industries“], touching on issues pertaining to the Prevention of Money Laundering Act 2002 [“PMLA”]. Holding in favour of the Petitioners and terminating the PMLA proceedings, the High Court … Continue reading Prakash Industries and Interpreting the PMLA| The Criminal Law Blog
दिल्ली के पटियाला हाउस कोर्ट ने पूर्व रॉ अधिकारी विकास यादव के ख़िलाफ़ ग़ैर-ज़मानती वारंट जारी किया है. वह अपहरण और रंगदारी से जुड़े एक मामले की सुनवाई में अनुपस्थित रहे, जिसके बाद कोर्ट ने यह फै...| The Wire - Hindi
An investigation uncovers India’s black market for bank accounts, exposing systemic lapses exploited by cybercriminals for scams.| CySecurity News - Latest Information Security and Hacking Incidents
Compliance exec at bank claims termination for investigating Alessandro DiNello’s suspicious payments.| The Real Deal
What are the key differences between money laundering and terrorist financing — and how can these crimes be detected? The post Unmasking Financial Crimes: Money Laundering vs. Terrorist Financing appeared first on Bolder.| Bolder
The J5, a collaborative partnership among tax authorities and law enforcement from five countries, has identified several risk indicators that financial institutions should be aware of. Risk indicator| Public Intelligence
Phase 2 of the research serves to build upon the foundation laid in Phase 1. The Phase 2 research further explores: the criminal groups utilizing digital assets in illegal activities; how these crimin| Public Intelligence
Private and public sector analysts and subject matter experts working in the cyber financial landscape gathered through a series of meetings to examine the use of financial technologies and cryptocurr| Public Intelligence
Discover the essential partnership between KYC and AML programs, ensuring compliance and integrity in the financial sector.| Jumio: End-to-End ID, Identity Verification and AML Solutions
