MUMBAI | NEW DELHI: Former liquor baron Vijay Mallya was on Tuesday arrested by the British police in London in connection with a money laundering case. Since it was procedural, he was released on bail within minutes by a London court. This is the second such instance in 2017 for Mallya who was arrested and […]

A Barclays bank worker and four other men have admitted being part of a network responsible for laundering at least £16 million, following an investigation by the National Crime Agency (NCA). Over a three-year period, the group set up and controlled around 400 bank accounts in a conspiracy which involved receiving stolen funds into one account, […]

Paris, 7 September 2017 –  Ireland has a sound and substantially effective regime to tackle money laundering and terrorist financing, but could do more to obtain money laundering and terrorist financing convictions and demonstrate its effectiveness in confiscating proceeds of crime. The FATF conducted an assessment of Ireland’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on […]

U.S. Money Laundering Charges Stemmed from Foreign Bribes to Foreign Official by Foreign Companies On August 25, a U.S. District Court Judge for the Southern District of New York sentenced former Guinea Minister of Mines and Geology, Mahmoud Thiam, to seven years in prison, followed by three years of supervised probations, for laundering $8.5 million bribes paid […]

For someone supposed to be laundering millions of dollars in stolen funds, with investigators from three countries scrambling to track the money, Ding Zhize was a surprisingly unhurried man. He’d brought a dozen or so high rollers from ­China to play in the glitzy VIP room in MetroManila’s Solaire casino. The game was baccarat. It was late February […]

Clamping down on high-end money laundering should be top of the enforcement agenda, says Claire Shaw. Better co-ordination & information sharing will feed into a more informed enforcement picture in the future. The dearth of UK prosecutions for money laundering offences has been widely discussed in recent times, both in government circles and in the […]

It has been reported that in December 2016 the ICAEW has severely reprimanded the director of a Leeds accountancy firm for failing to report suspicions that a client was engaged in money laundering activities.  This followed a criminal conviction for failing to report a SAR to the firms MLRO The ICAEW’s disciplinary committee heard that […]

When alleged mafia money launderer Antonio Righi wanted to do shady deals out of sight, it was to London, not just Naples, that he turned to hide his trail, according to Italian prosecutors. Righi — aka Tonino the Blond — is standing trial over claims that he laundered ill-gotten cash for the feared Camorra crime […]