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AML Penalties Weekly Bulletin Vol. 166 | August 07, 2023 Click here https://bit.ly/3Ywi1J9 to read in detail about the week's top AML events, news, and regulatory updates. Subscribe to the AML Penalties newsletter @ www.amlpenalties.com/subscribe Visit our website: https://www.zigram.tech/ #amlcompliance #amlcft #amlpenalties #drugtrafficking #financialcrimecompliance #weeklybulletin #moneylaundering #antimoneylaundering #aml #financialcrimes #seychelles #financialcrime #fiau #attorney #peps #crypto #gambling
Welcome to our weekly newsletter that provides you with the most recent updates and insights regarding AML, financial crime compliance, and emerging risks. #AMLupdates #FinancialCrimeCompliance #EmergingRisks #LegalOutcomes #CryptocurrencyFraud #GovernanceConcerns #CorruptionProbe #FBIInvestigation #FraudulentActivity #Cooperation #FraudCase #UKAuthorities #BankTrust #CarFinanceClaims #FinancialNews #WeeklyNewsletter Click to visit our newsletter: https://tinyurl.com/dw94wnfz Click here to subscribe: https://zurl.co/IAnT Visit us: https://www.zigram.tech/
AML Penalties Weekly Bulletin Vol. 166 | August 07, 2023 This week we have 09 anti-money laundering (AML) events involving 17 individuals and 20 entities, resulting in a total of USD 9 Mn in penalties with incarcerations of 164 months. Click here https://bit.ly/3Ywi1J9 to read in detail about the week's top AML events, news, and regulatory updates. Subscribe to the AML Penalties newsletter @ www.amlpenalties.com/subscribe Visit our website: https://www.zigram.tech/
The Danish Gambling Authority has released a revised version of the guidance on preventive measures against money laundering of criminal proceeds and financing of terrorism (the Anti-Money Laundering guidance). This guidance is intended for gambling operators, employees, and relevant stakeholders, supplementing the Danish Financial Supervisory Authority's guidelines on the Anti-Money Laundering Act. It focuses on combating crime by mitigating the gambling industry's vulnerability to money laundering and terrorism financing, aiding police investigations, and stopping the integration of criminal proceeds into the legitimate economy. The approach is risk-based, demanding operators to tailor internal procedures according to their business models' specific risks. A comprehensive understanding of risks, cultivated through training, professional advice, and learning experiences, is crucial for exercising sound judgment. Operators are obligated to report suspicious transactions to the Money Laundering Secretariat, encouraging proactive efforts to thwart illicit activities within the gambling sector. #GamblingGuidance #AntiMoneyLaundering #TerrorismFinancing #CrimePrevention #MoneyLaunderingRisk #RiskBasedApproach #FinancialSupervision #RegulatoryCompliance #TrainingAndExpertise #GamblingOperators #AMLGuidelines #SpecialCrimeUnit #MoneyLaunderingSecretariat #SuspiciousTransactions #ComplianceMatters #RiskAssessment #ResponsibleGambling #FinancialSecurity #GamblingIndustry
Case Files by AML Penalties This week, we highlight the case of a British-Indian Solicitor from the United Kingdom, Badresh Babulal Gohil, a.k.a. Bhadresh Gohil, who was sentenced for conspiracy to defraud and money laundering. Gohil, the ex-lawyer of former Nigeria’s Delta State governor, James Ibori, was ordered to pay more than GBP 28 Mn (around USD 36 million) for helping Ibori to hide his criminal proceeds and to defraud the people of Delta State, Nigeria. He used offshore companies, bank accounts, and UK-based entities to hide and launder the funds. Click to know more: https://bit.ly/3YbYBZN Subscribe to AML Penalties @ www.amlpenalties.com for more insights & updates. Visit our website: https://www.zigram.tech/ #casefiles #antimoneylaundering #amlpenalties #aml #financialcrimes #moneylaundering #fraud #shellcompany #offshoreentity #unitedkingdom #governor #pep #solicitor #lawyer
In the latest edition of our Sanctions Watch weekly digest, we present significant updates on sanction watchlists and regulatory developments. #DepartmentofJustice#DOJ#DepartmentofCommerce#BureauofIndustryandSecurity#BIS#DepartmentoftheTreasury#OfficeofForeignAssetsControl#OFAC#ExportControl#NationalSecurity#Laws#Violations#EuropeanUnion#EU#EuropeanSecuritiesandMarketsAuthority#ESMA#UAE#Dubai#Nasdaq#AntiMoneyLaundering#AML#Blacklist#FinancialCrimes#Liberalization#Moldova#EconomicGrowth#Terrorism#FinancialActionTaskForce#FATF#IsleofMan#GlobalSanctions#SanctionsWatch#SectoralSanctions#InternationalSanctions#EconomicSanctions#RegulatoryCompliance#TradeCompliance#SanctionsEnforcement Visit Us: www.zigram.tech
This week’s OSIN presents Japan National Police Agency’s Finalized Statistics 2022. The National Police Agency's finalized statistics on specialized fraud for 2022 in Japan indicate a concerning trend, with nationwide losses rising by 31.5% to JPY 37.1 billion, the first increase in eight years. Reported fraud cases saw a significant rise of 21.2%, reaching 17,570 cases. Major metropolitan areas like Tokyo, Kanagawa, and Osaka had the highest concentrations of fraud incidents. Refund fraud, ore ore sagi (impersonation scams), and cash card scams were the most common types of fraud. Notably, ore ore sagi cases alone contributed JPY 12.9 billion, accounting for 35% of the total losses. Young individuals, often recruited online, were involved in many cases as accomplices in fraud schemes. #SpecializedFraud #FraudStatistics #CriminalActivity #ScamAlert #FraudPrevention #PoliceReports #FinancialCrime #Fraudsters #CriminalTactics #DarkPartTimeJobs #UkekoRole #RefundFraud #OreOreSagi #CashCardScams #FinancialLosses #FraudAwareness #CrimeInJapan #MetropolitanFraud #FraudulentSchemes #OnlineRecruitment Visit us: www.zigram.tech
The Subject Matter by AML Penalties This week's Subject Matter is about the Updated Indicators: Laundering the proceeds of crime through underground banking schemes, FINTRAC On July 25, 2023, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updated FINTRAC’s 2019 Project Athena Operational Alert Laundering the proceeds of crime through a casino-related underground banking scheme. It lists additional indicators to assist reporting entities in recognizing financial transactions suspected of being related to the laundering of proceeds of crime with roots in underground banking related to China in Hong Kong. The updated money laundering indicators are:- 1- Money Mule/ General Indicators 2- Real-Estate Indicators 3- Securities & Investments Indicators 4- Automotive Indicators 5- Legal Profession Indicators Click to read more: https://fintrac-canafe.canada.ca/intel/operation/ml-rec-eng.pdf Sign-up to know more @ https://app.amlpenalties.com/sign-up for more insights & updates. Visit our website: https://www.zigram.tech/ #moneylaundering #compliance #antimoneylaundering #amlpenalties #subjectmatter #amlcft #sanctions #suspicioustransactions #china #banking #fintrac #redflags #proceedsofcrime #moneymule
Welcome to the eighth edition of The PEP Weekly Digest, where we bring you the latest political news and updates from governments worldwide. #RajendraSinghGudha #RajasthanCongressMinister #UdaipurwatiVidhanSabha #AshokGehlotNews #FredaPrempeh #SanitationMinister #WaterResources #AuroreBerge #SolidarityMinister #FamiliesMinister #Germany #MoneyLaundering #NewBody #CombatMoneyLaundering #FormerDeputyForeignMinister #SentencedTo16Years #JailSentence Visit us: www.zigram.tech
AML Penalties Fortnight Regulation Watch Vol. 38 | Aug 01, 2023 This fortnight we have 04 regulatory documents from 03 jurisdictions, mainly applicable to AML/CFT, Risk Assessment, and Sanctions. The prominent news of the fortnight includes Germany To Set Up New Body To Combat Money Laundering; Update On The European Union Anti-Money Laundering Reform Plan; Public Consultation On The Revision Of Recommendation 8 And Its Interpretive Note. Notable regulations of the fortnight include Sectoral Risk Assessment - Anti-Money Laundering And Terrorist Financing, United Kingdom; Updated Indicators: Laundering The Proceeds Of Crime Through Underground Banking Schemes, Canada; Estate Agents Sector Specific AML/CFT Guidance, Isle of Man; Financial Action Task Force (FATF) - Consolidated Assessment Ratings. Click here bitly to read in detail about the recent regulatory updates. Subscribe to the AML Penalties newsletter @ www.amlpenalties.com/subscribe Visit our website: https://www.zigram.tech #amlcompliance #amlcft #amlpenalties #financialcrimecompliance #weeklybulletin #moneylaundering #antimoneylaundering #aml #sanctions #fatf #europeanunion
