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Global Roundup

This category provides the updates from the global money laundering domain

The Gupta Family in South Africa is now a known name in the money laundering world. They are known for any and many deals involving laundering of money. According to the new allegations by the UK Parliamentarian, Lord Peter Hain, he produced the evidences to the Treasury which include the...
Indian investigation agencies are probing the scam of Augusta Westland. Their investigation reveals that Shivani Saxena a woman director of accounting network UHY in Dubai is a part of the money laundering transactions associated with the Augusta Westland scam. Shivani and her husband Rajiv are resident of Jumeirah in...
Australian Transaction Reports and Analysis Center (Austrac) accused the Commonwealth Bank of Australia of more than 50,000 breaches of the Anti Money Laundering laws by failing to adequately monitor A$624.7 millions worth of transactions on its network of Intelligent Deposit Machines. CBA is accused of failing to adequately report suspicious...
Background of HBL Habib Bank Limited known as HBL was founded in 1947 and now has more than 40% of market share in Pakistan's banking sector. It has more than 1,700 branches in Pakistan and an international network spread over 25 countries. It was part-privatised in 2004, with the Agha Khan...