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

The Risk Professional: UK action against Iran's banks

The UK has announced immediate sanctions against all Iranian banks. Under the sanctions, all UK credit and financial institutions are required to forthwith cease all dealings with Iranian banks

Teams work to stem flow of money from US to Mexican drug cartels

There's an estimated $20 billion paid to Mexican drug cartels each year - a hefty portion of which comes from the pockets of Americans, said New Mexico Attorney General Gary King

FBI: Seattle investor lost millions of clients' money

Federal agents have raided the home of a Seattle investment manager alleged to have tricked clients into investing in startup companies he managed, then lost much of their money when one of the firms collapsed

In the battle against money laundering, outsourcing can be a potent weapon

Financial institution executives responsible for ensuring a sustainable anti-money-laundering program that meets regulatory expectations increasingly are considering compliance process outsourcing as a way to enhance compliance and manage risk

Genting deals winning hand for Miami

As the epicenter of the nation’s Medicare fraud and capital of assorted con men, scam artists and Ponzi schemers, we should be extremely leery of newcomers who roll into town making big promises

US: Nevada's big bet on secrecy

The presence of former felons in the business of creating businesses is an extreme example of vulnerability in corporate America

U.S. Institutions Invest More in Anti-Money Laundering Programs as Majority See Rise in Suspicious Activity

The KPMG survey, which compared current activity with a similar survey conducted in 2007, also found a vast majority of organizations reporting an increase in suspicious activity reports (SARs)

Tax fraud scheme a boon for some unscrupulous businesses

Some local businesses are profiting handsomely from an underground economy that has sprung up around a kind of tax fraud that has exploded in recent months, according to police

Insurers should be wary of high risk clients – NAICOM

In the face of growing acts of terrorism in the country, insurance practitioners are now seeing individuals whose source of wealth and acquisition cannot be easily verified as high risk clients

Be wary, money services told

Mark Craven, Internal Revenue Service senior stakeholder liaison in Jackson, makes a presentation on suspicious transactions during an anti-money laundering seminar at Jackson State University's e-Center in Jackson