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Entries in money laundering (66)


Hong Kong securities regulator fines Ping An for AML control failures

Hong Kong's securities regulator has reprimanded Ping An of China Securities (Hong Kong) and fined it HK$6 million (US$774,189) over what it called "serious internal control deficiencies" for anti-money laundering and other matters at the company.

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More overseas crooks want Singapore bank accounts

Singapore has tripled the size of its white-collar crime police unit to deal with more suspicious transaction reports and aid requests from overseas enforcement agencies, the city-state's Commercial Affairs Department said in its annual report last week.

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Global watchdog tells Japan to get serious about money laundering 

Japan has not done enough to combat money laundering, an international watchdog said on Friday, urging the government to adopt measures such as legislation that criminalizes terrorist financing.

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Malaysian money-launderer sentenced to 1,942 years

A former director of Asia Ceramic Marketing Sdn Bhd, Lim Long Yew, was sentenced to a total of 1,942 years in jail and fined $494,000 on 481 counts of money laundering and illegal deposit-taking last week in Malaysia.

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UK authorizes SFO to prosecute Alstom and execs

The UK's Serious Fraud Office (SFO) is pursuing its investigation of alleged corruption at Paris-based Alstom now that the Attorney General has given the agency permission to prosecute the company and former employees for alleged overseas bribery, if deemed appropriate.

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To fight crime and tax evasion, Israel may go nearly cashless

An Israeli government panel recommended Monday that cash transactions between businesses will be limited to 5,000 shekels ($1,436) under Israel's plan to fight money laundering and tax evasion, a government panel announced Monday.

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Tougher UK sentences for bribery, other white-collar crimes

The Sentencing Council in the UK has released new guidelines for how individuals convicted of fraud, money laundering and bribery offenses should be punished. 

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SEC probing Charles Schwab, Merrill Lynch for AML lapses

U.S. regulators are investigating Charles Schwab and Bank of America's Merrill Lynch brokerage over whether they are doing enough to verify their clients' identities as part of their anti-money laundering programs. 

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U.S. Treasury targets money-laundering network with Kingpin Act

The U.S. Treasury named eight individuals and 20 entities Thursday connected to Jorge Fadlallah Cheaitelly as designated narcotics traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act).

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BNP Paribas could pay more than $3.5 billion for sanctions breaches

BNP Paribas' headquarters in Paris; courtesy of WikipediaU.S. authorities are seeking more than $3.5 billion from BNP Paribas SA to resolve federal and state investigations into the bank's dealings with sanctioned countries, including Sudan, Iran and Cuba.

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