Home Money Laundering Global Roundup

Global Roundup

This category provides the updates from the global money laundering domain

UAE Passes Money Laundering Act United Arab Emirates have finally passed the money laundering act to counter the menace. Under the new law, individuals found guilty of money laundering will face a jail term of ten years along with a fine ranging from 100,000 Dirham to 500,000 Dirham. An institution found...
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...
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...
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...