Money Laundering, antimoneylaundering, money, fraud, tax havens, offshore, financial, financing, terrorism, ciberterrorism, control, prevention

Money launderers pose national threat

Money laundering has implications in national security, Australian Crime Commission chief executive John Lawler says. Law enforcement experts and members of the financial industry gathered in Sydney

Australia: Cash laundering a huge criminal growth industry

A TREND is emerging for criminal syndicates to exist solely to launder black cash, with massive growth of organised crime needing new ways to hide ill-gotten gains

Anti-money laundering falls on boards’ agenda

Board level interest in anti-money laundering (AML) is being squeezed by other priorities, according to KPMG’s Global AML survey 2011. The survey revealed a nine percentage point drop in boards considering AML to be a high profile issue (from 71 percent in 2007 to 62 percent in 2011)

Battle with Money Laundering, Corruption Goes on After Patriot Act Enactment

Money laundering, terrorist financing and other Patriot Act-related areas will be the focus of US regulators over the next five years a decade after the USA Patriot Act came into force

Singapore Pledges Jail, New Tactics for Financial Criminals

Singapore, where assets under management have risen fivefold to $1.2 trillion since 2001, will seek tougher penalties for white-collar criminals and co-operate more with global agencies to deter money laundering and tax evasion, Attorney General Sundaresh Menon said

Full Tilt Poker Website Used Players’ Money to Pay Directors, U.S. Claims

Full Tilt Poker paid board members more than $440 million using funds that it pledged to make available for withdrawal by its online poker players at any time, U.S. prosecutors said

FATF targets corruption, tax evasion as part of AML efforts

At the International Conference on Financial Crime and Terrorism Financing, David Shannon, principal executive officer of the Asia/Pacific Group on Money Laundering said the FATF sought not to throw away old standards but instead to focus on those standards which required revision

Cases of money laundering and terrorism financing decrease in Yemen

The number of cases of money laundering and terrorism financing have dropped in 2011 despite previous forecasts that the number would increase because of continuing political conflict, said Yemeni officials

Real estate moves to lower dirty money risks

The real estate sector is pushing to close possible money laundering loopholes by ensuring all transactions go through approved banks either in Switzerland or abroad

Beirut bolsters fight against dirty money

Lebanon will continue to update measures and laws to combat money laundering and terrorist funding, the head of the Union of Arab Banks Joseph Torbey said at the opening conference on money laundering