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Money Laundering

‘Trust accounts linked to money-laundering activities’

‘Trust accounts linked to money-laundering activities’
BY VENERANDA LANGA FINANCE minister Patrick Chinamasa has disclosed that several trust accounts were being investigated by the Reserve Bank of Zimbabwe’s (RBZ) financial intelligence unit, amid suspicion that they were involved in money-laundering activities....

Hong Kong regulator fines Coutts for breaching anti-money laundering rules

Hong Kong regulator fines Coutts for breaching anti-money laundering rules
Business News  The Hong Kong Monetary Authority (HKMA) said on Tuesday it had ordered the local branch of private bank Coutts & Co Ltd to pay a fine of HK$7 million (724,295 pounds) for breaching anti-money laundering and counter-terrorist rules. HKMA ...

Denmark plans to toughen penalties for money laundering

Denmark plans to toughen penalties for money laundering
World News Denmark's government aims to raise the maximum penalty for money laundering to eight years in prison from the current six years, Justice Minister Soren Pape Poulsen told lawmakers on Friday. The right-wing minority government would now negotiate ...

Swiss watchdog probed 22 money laundering breaches in 2016

Swiss watchdog probed 22 money laundering breaches in 2016
WORLD NEWS Swiss financial watchdog FINMA investigated more than twice as many breaches of anti-money laundering rules in 2016 as it did a year earlier, the supervisory body said on Tuesday. The number of investigations rose to 22 from 9 in 2015 ...

UK regulator contacts lenders on ‘Laundromat’ money-laundering claims

UK regulator contacts lenders on ‘Laundromat’ money-laundering claims
By: Emma Dunkley The UK’s financial watchdog has written to a number of the UK’s largest banks including Royal Bank of Scotland, requesting information about an alleged global money laundering scheme. The Financial Conduct Authority has contacted up to 17 ...

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Who's behind the blog

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