(Reuters) – The United States has taken control of more than $480 million looted by former Nigerian dictator Sani Abacha and his associates after a court ruling, the Justice Department said on Thursday. The money stolen during Abacha’s 1993-1998 de facto presidency of the oil-rich African nation and stashed in banks around the world will be returned […]

Six men subject to global travel ban and asset freeze United Nations: Responding to the growing terrorist threat in Iraq and Syria, the UN Security Council imposed sanctions on Friday on six men for recruiting or financing foreign fighters, and threatened additional sanctions against those supporting terrorist groups. The UN’s most powerful body, in a […]

Russia on Thursday banned most food imports from the West in retaliation for sanctions over Ukraine — a sweeping move that will cost Western farmers billions of dollars but could also lead to empty shelves in Russian cities. The decision shows that President Vladimir Putin has no intention of bowing to Western pressure over Ukraine […]

The United States has taken control of more than $480 million looted by former Nigerian dictator Sani Abacha and his associates after a court ruling, the Justice Department said on Thursday. The money stolen during Abacha’s 1993-1998 de facto presidency of the oil-rich African nation and stashed in banks around the world will be returned […]

The Securities and Exchange Commission today charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the center of the scheme. The SEC alleges that Julian R. Brown and his firm Alliance Investment Management Limited (AIM) purported to be the “custodian” […]

On June 27, 2014, the Financial Action Task Force (FATF) updated its list of jurisdictions with strategic AML/CFT deficiencies. These changes may affect U.S. financial institutions’ obligations and risk-based approaches with respect to relevant jurisdictions. For further details please follow the link : http://1.usa.gov/X6rU0C    

Mr Ecclestone’s offer was based on an existing provision in German law. Earlier on Tuesday German prosecutors accepted the offer from the 83-year-old billionaire who dominates motor racing. He went on trial in April, accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake […]

The Joint Money Laundering Steering Group (JMLSG) has received approval from HM Treasury (HMT) for its guidance on money services businesses   In the final approval process minor changes were made to the guidance. Copies of the approved guidance:  http://bit.ly/1rAKHxp press release:  http://bit.ly/1rAKHxp