In The News
RIGA, Oct 19 (Reuters) - Latvia’s banking watchdog said on Friday it had fined LPB Bank, the fifteenth largest bank in the country by assets, 2.2 million euros ($2.53 million) for breaching anti-money laundering and terrorism financing (AML/CFT) rules.
Spanish judges have acquitted 17 Russians over alleged large-scale money-laundering for the Russian mafia.
LONDON — An autonomous missile under development by the Pentagon uses software to choose between targets. An artificially intelligent drone from the British military identifies firing points on its own. Russia showcases tanks that don’t need soldiers inside for combat.
Paris, France, 19 October 2018 - Virtual assets and related financial services have the potential to spur financial innovation and efficiency and improve financial inclusion, but they also create new opportunities for criminals and terrorists to launder their proceeds or finance their illicit activities.
Anand Giridharadas: The disappearance of Jamal Khashoggi highlights Silicon Valley’s Saudi hypocrisy
Author Anand Giridharadas sees the disappearance of a U.S.-based Saudi journalist as a dramatic illustration of Silicon Valley’s hypocrisy: While new-age technology companies tout their idealism and world-changing missions, many popular tech firms rely on investments from the government of Saudi Arabia, despite what Giridharadas describes as the kingdom’s barbaric politics and suspected involve
A former HSBC Holdings Plc banker was found guilty of money laundering, but cleared of related drug charges in a French trial of four brothers accused of operating a sophisticated ring to distribute money stemming from cannabis trafficking to wealthy clients.
TALLINN (Reuters) - Estonia said on Friday it was planning to toughen anti-money laundering rules by forcing people suspected of benefiting from suspicious financial transactions to prove their wealth came from legitimate sources.
LONDON, Oct 19 (Reuters) - A global money-laundering watchdog said on Friday that cryptocurrency exchanges and other firms should be regulated or licensed to prevent digital money being used for money laundering and the financing of terrorism.
Global anti-money laundering watchdogs gave Iran until February 2019 to complete legal changes.
KUALA LUMPUR (Reuters) - Malaysian former deputy prime minister Ahmad Zahid Hamidi was charged on Friday with 45 offences including money laundering and graft amid a widening crackdown on corruption.