registered in England and Wales as company number 4919193

NEWSROOM

16 November 2018

Canadian realtor jailed for two years for money laundering

16 November 2018

San Francisco university and executives charged with involvement in US$35 million money laundering scheme

16 November 2018

Sark campsite website hacked and money stolen

16 November 2018

Chinese money laundering ring smashed in Australia

14 November 2018

Four men found guilty in Edinburgh of people smuggling and money laundering

13 November 2018

Danish chef fined for taking large cash payment in contravention of AML obligations

13 November 2018

Two Sussex students sentenced for money laundering

12 November 2018

Sixth Money Laundering Directive published in Official Journal and given transposition deadline of 3 December 2020

11 November 2018

Two sentenced to death in Iran for financial crime (“spreading corruption on earth”)

9 November 2018

Switzerland suspends head of white collar crime unit ahead of probe into his investigation of FIFA corruption

9 November 2018

South African Reserve Bank fines HSBC 15 million rand for AML failings

8 November 2018

EU takes legal action against Malta and Luxembourg for AML failings

5 November 2018

ECB revokes licence of Malta’s Pilatus Bank over fraud and money laundering concerns

5 November 2018

UK launches its National Economic Crime Centre

3 November 2018

Footballer Lionel Messi and father charged in Argentina with money laundering

1 November 2018

UK government publishes its Serious and Organised Crime Strategy 2018

31 October 2018

Former finance chief of Venezuelan state oil company pleads guilty in Miami to laundering US$5 million

31 October 2018

Kent driveway installer jailed for 38 months for fraud and money laundering

30 October 2018

UK football “club or clubs” under investigation for money laundering

29 October 2018

Two Nigerian oil executives jailed in the UK for fraud and money laundering of US$45 million

29 October 2018

Former Swiss banker jailed for ten years in Miami for laundering US$1.2 billion of Venezuelan public money

26 October 2018

Singapore trader denies laundering millions for North Korea

24 October 2018

Former Greek Cabinet minister remanded on charges of money laundering

23 October 2018

Capital One fined US$100 million by the OCC for AML failings

19 October 2018

Latvian banking supervisor fines LPB Bank 2.2 million euros for AML failings

19 October 2018

London man who used social media to recruit teenage “money mules” jailed for money laundering

19 October 2018

Russians cleared in Spain of money laundering charges despite their “strange, uneconomic or unconventional” business activities

19 October 2018

Malaysian ex-Deputy PM charged with corruption and money laundering

18 October 2018

Scottish solicitor struck off after committing AML failings and fleeing the country

16 October 2018

“Dead” man arrested in France on suspicion of corruption, fraud and money laundering

16 October 2018

Online casino Paddy Power Betfair fined £2.2 million for faiing to stop money laundering and problem gambling

16 October 2018

Malaysian woman loses £220,000 to fraudsters pretending to investigate her for money laundering

14 October 2018

International money laundering syndicate exposed in Kenya

11 October 2018

EU adopts Sixth Money Laundering Directive

10 October 2018

UK barrister wins right to see SAR made about him by his bank

10 October 2018

New York regulator fines Dubai-based Mashreqbank US$40 million for AML failings

10 October 2018

Panthongtae Shinawatra (son of Thai former-PM Thaksin) charged with money laundering

10 October 2018

Keiko Fujimori (daughter of Alberto) detained in Peru in connection with money laundering investigation

10 October 2018

Identity of the subject of the UK’s first UWOs is revealed: an Azerbaijani PEP

8 October 2018

Swiss bank UBS and six executives go on trial in France on charges of tax fraud and money laundering

6 October 2018

Guyanese private jet pilot found guilty of cocaine trafficking and money laundering

5 October 2018

South Korean ex-president Lee Myung-bak jailed for fifteen years for corruption

5 October 2018

London man jailed for money laundering after £1.5 million cash seizure at Stansted Airport

4 October 2018

London HSBC worker jailed after giving confidential customer details to criminals

4 October 2018

Wife of Malaysian ex-PM charged with money laundering

3 October 2018

Chinese actress fined £98.9 million for tax evasion

3 October 2018

Challenge to UK’s first Unexplained Wealth Orders dismissed in full

2 October 2018

The New York Times claims that Donald Trump “engaged in suspect tax schemes”

30 September 2018

Iran sentences three to death for “spreading corruption on earth”

28 September 2018

Liberian court issues arrest warrants for central bank officials over missing cash

28 September 2018

Grenfell fund fraudster jailed for theft and money laundering

27 September 2018

Pakistani man deported from US after serving sentence for money laundering

25 September 2018

London woman given two-year suspended jail sentence for laundering the proceeds of her Anglo-Russian brother’s bribe-taking

25 September 2018

Fraudsters steal £500 million from UK banking customers in six months

21 September 2018

Four men jailed for involvement with “industrial scale forgery factory” in London

20 September 2018

Malaysian ex-PM charged with twenty-one counts of money laundering

19 September 2018

Danske Bank CEO Thomas Borgen resigns over Estonian money laundering scandal

18 September 2018

British Home Secretary announces AML and anti-corruption partnership with Pakistan

17 September 2018

Pakistani former PEP and wife arrested in UK on suspicion of money laundering

15 September 2018

UK frustrated by Cayman Islands silence on money laundering

13 September 2018

Salvadorean ex-president Antonio Saca jailed for ten years for embezzlement and money laundering

13 September 2018

Venezuelan ex-officials charged in Andorra with money laundering

13 September 2018

Lawyer of Malaysian ex-PM charged with money laundering

7 September 2018

Thai motorcycle racer “Benz Racing” jailed for eight years for laundering money for drug kingpin

4 September 2018

Dutch bank ING fined 775 million euros for lax crime prevention

3 September 2018

Finnish teen convicted of defrauding online casino, and parents convicted of laundering the proceeds

23 August 2018

Five Leeds men jailed a total of 61 years for drug offences and money laundering

22 August 2018

Former Julius Baer banker pleads guilty in Miami to laundering US$1.2 billion embezzled from Venequelan state-owned oil company

22 August 2018

Three charged with wildlife trafficking and money laundering after police shut down illegal turtle and tortoise farm on Majorca

22 August 2018

Former head of Brazilian football association jailed for corruption and money laundering

20 August 2018

Online pornography lawyer pleads guilty to wire fraud and money laundering

17 August 2018

Shanghai Commercial Bank fined HK$5 million for AML failings

16 August 2018

Sheffield dental student found guilty of terrorist financing

16 August 2018

Kent tax consultant jailed for masterminding money laundering scheme

15 August 2018

Romanian human trafficking kingpin wanted for money laundering arrested in Hertfordshire

14 August 2018

Polish haulage boss jailed in the UK for money laundering after £862,560 found in his suitcases

13 August 2018

Preston man convicted of fraud and money laundering ordered to pay £70,000 poker winnings to HMRC

10 August 2018

Barbados former Minister of Industry charged in New York with money laundering relating to the taking of US$36,000 in bribes

10 August 2018

Egyptian man jailed in Birmingham for laundering money for people smuggling network

9 August 2018

Thai monk jailed for 114 years for fraud, cybercrime and money laundering

8 August 2018

Hertfordshire father and son jailed for laundering money from bogus house sale

8 August 2018

Malaysian ex-PM Najib Razak charged with money laundering connected to 1MDB scandal

7 August 2018

El Salvadoran ex-president Elias Antonia Saca pleads guilty to US$300 million embezzlement and money laundering

6 August 2018

Two jailed in Vanuatu for laundering money stolen from ANZ bank accounts

2 August 2018

Two Florida brothers jailed for twenty years each for drug trafficking and money laundering

2 August 2018

Arizona Bitcoin trader jailed for 41 months for money laundering

1 August 2018

Three men jailed in Leeds for stealing £6 million from their company accounts and money laundering

29 July 2018

Nigerian man jailed for 14 years in Texas for money laundering

27 July 2018

Christiano Ronaldo to pay £17 million but avoid jail for Spanish tax evasion

25 July 2018

PetroEcuador in-house lawyer jailed for four years in Florida for money laundering

25 July 2018

Venezuelan officials charged with laundering US$1.2 billion of stolen government money through South Florida real estate

23 July 2018

UK confirms that it will adopt Fifth European Money Laundering Directive

21 July 2018

Surrey Police seize £1.2 million in Bitcoin after main jailed for money laundering

20 July 2018

Berlin authorities seize 77 properties in money laundering investigation linked to 2014 bank robbery

19 July 2018

Greece, Ireland and Romania referred to Court of Justice of the EU for failing to implement MLD4

19 July 2018

FCA publishes its “Anti-money laundering: Annual report 2017/18”

19 July 2018

Mobile games being used to launder proceeds of credit card fraud

18 July 2018

Fraudster jailed for £8 million investment con; son jailed for money laundering

17 July 2018

Digital banking firm Revolut reports suspected money laundering on its system

17 July 2018

Model finds herself acting as a money mule instead

13 July 2018

Danish pension fund freezes investment fund with Danske Bank over money laundering scandal

13 July 2018

Maryland lawyer disbarred following nine-year old conviction for money laundering

12 July 2018

Jailed drug wholesaler and money launderer ordered to repay £742,270 or serve five additional years in prison (and still owe the money)

11 July 2018

“Bitcoin Maven” jailed for a year for running illegal Bitcoin-for-cash operation with no AML checks

11 July 2018

EBA concludes that Malta has breached AML obligations

10 July 2018

Switzerland investigating six people in connection with 1MDB money laundering probe

9 July 2018

Manchester gang jailed for a total of 26 years after using old post office as a front for money laundering

9 July 2018

European Fifith Money Laundering Directive comes into force

2 July 2018

Ritz Hotel Casino MLRO jailed for stealing from his former employer - the National Crime Agency

29 June 2018

Adams brother jailed for tax evasion

25 June 2018

Finance manager steals £370,000 from his company and launders some of the money through pedigree kittens

25 June 2018

Albania seizes 3.4 million euros cash in alleged drug profits in Adriatic port

20 June 2018

Online gambling firm 32Red given £2 million penalty package by UK Gambling Commission for social responsibility and AML failings

17 June 2018

Kurt Russell to star in Hollywood film about money laundering through cryptocurrencies

15 June 2018

Paul Manafort jailed for witness tampering in tax fraud and money laundering case

15 June 2018

Spanish king’s brother-in-law ordered to prison to serve sentence for fraud and tax evasion

11 June 2018

US drug lord “La Barbie” jailed for 49 years for drug offences and money laundering

7 June 2018

Indiana couple jailed for six years for US$1.2 million Amazon fraud and money laundering

6 June 2018

India’s Canara Bank fined £896,100 by UK Financial Conduct Authority for AML failings

5 June 2018

Argentina charges Pablo Escobar’s widow and son with money laundering

5 June 2018

Commonwealth Bank of Australia pays A$700 million penalty to settle allegations of AML failings

31 May 2018

Cypriot woman jailed for eight years for theft and money laundering

31 May 2018

Five Nordic banks set up AML joint project

30 May 2018

Irish psychic charged with fraud and money laundering (why didn’t he see that coming?)

29 May 2018

Four men jailed for money laundering after smuggling £1.5 million in criminal cash in bags of animal feed

27 May 2018

Man serving time for drug offences and money laundering has Derbyshire “shed mansion” Shedley Manor seized by authorities

25 May 2018

Latvian bank fined 456,000 euros for AML failings

25 May 2018

Chinese duputy mayor launders 200 million yuan in bribes over 23 years through accounts in Hong Kong

25 May 2018

Police say that US$13 billion was laundered through Estonia’s banks between 2012 and 2016

24 May 2018

Spanish ruling party officials found guilty of corruption, tax crimes and money laundering

23 May 2018

UK’s Sanctions and Money Laundering Act receives Royal Assent

19 May 2018

Malaysians “transfixed” by luxury goods seized from property of ex-PM during corruption investigation

17 May 2018

Two Nigerian phishing fraudsters jailed in the UK for money laundering

16 May 2018

Former president of El Salvador to go on trial for embezzlement and money laundering

15 May 2018

French former budget minister found guilty of tax fraud and money laundering

14 May 2018

London solicitor referred to disciplinary tribunal for failing to make adequate AML checks on PEP sisters

14 May 2018

Massachussetts restaurateur jailed for 14 years for drug offences and money laundering after hiding proceeds through property purchases

13 May 2018

National Crime Agency publishes fifth annual assessment of serious and organised crime in the UK

10 May 2018

Italy breaks up Syrian jihadist funding ring

7 May 2018

Latvian bank to take ECB to court for triggering its collapse over money laundering allegations

5 May 2018

Seventeen jailed for robbery and money laundering after convictions in Manchester cash-in-transit theft trial

4 May 2018

Newcastle-based Slovakian criminal gang jailed for modern slavery offences and money laundering

1 May 2018

UK parliament agrees to require Overseas Territories to establish public registers of beneficial ownership of companies

30 April 2018

Four jailed for money laundering over Southampton post office fraud

26 April 2018

Florida man jailed for money laundering after US$22 million found hidden in buckets in his home

26 April 2018

ANC councillor jailed for five years in South Africa for fraud and money laundering

25 April 2018

Two running IT recycling business jailed for VAT fraud and money laundering

23 April 2018

Iran’s banks banned from dealing in cryptocurrencies

23 April 2018

American fraudster jailed for a year in Singapore for money laundering

19 April 2018

Economic Secretary to the treasury confirms that the UK will transpose EU Fifth Money Laundering Directive before Brexit

19 April 2018

Spain’s High Court investigates Caixabank for suspected money laundering

19 April 2018

European Parliament adopts the Fifth European Money Laundering Directive

19 April 2018

Juror who took bribe in Glasgow drug and money laundering trial jailed for six years

18 April 2018

Australian bank executive found guilty of tax evasion and money laundering

18 April 2018

Montenegro opposition leader to go on trial for money laundering

13 April 2018

Backpage pleads guilty to sex trafficking, while CEO pleads guilty to money laundering

10 April 2018

Newcastle family found guilty of slavery offences and money laundering

10 April 2018

Europol arrests eleven people in drug cryptocurrency laundering case

9 April 2018

Backpage founders charged with money laundering and aiding prostitution

4 April 2018

London mechanic jailed for six years for helping to launder £5.3 million

4 April 2018

Son of Moldovan ex-president jailed for corruption and money laundering

30 March 2018

Austrian authorities fine Raffeisen Bank 2.7 million euros for AML failings

30 March 2018

American shrimp fisherman found guilty of subsidy fraud and money laundering

30 March 2018

Arizona-based Bitcoin trader found guilty of money laundering

28 March 2018

US investment bank Aegis Capital fined US$1.3 million for failing to make SARs

28 March 2018

MPs to probe Russian money laundering through UK property

27 March 2018

ECB revokes licence of Estonian bank for AML failings

26 March 2018

South African authorities fine five forex companies for AML failings

26 March 2018

Nigeria and Switzerland sign agreement to repatriate stolen assets

22 March 2018

Banker at centre of Malta corruption scandal charged with money laundering

21 March 2018

Nigerian politician James Ibori launches appeal against UK conviction for fraud and money laundering

20 March 2018

Juror to be jailed for taking £3,000 bribe during Glasgow drug trafficking and money laundering trial which acquitted the defendants

19 March 2018

Singapore authorities fine Standard Chartered S$5.2 million for AML failings

16 March 2018

Lancashire man jailed for nearly seven years for drug offences and laundering £10.8 million

16 March 2018

South African ex-president Zuma to face trial for fraud, racketeering and money laundering

16 March 2018

Research suggests that virtual currencies help cyber-criminals to launder money

16 March 2018

Texas gold refinery agrees to US$15 million fine for AML failings

15 March 2018

Dublin man jailed for eight years for laundering money for organised crime gang

15 March 2018

“Panama Papers” law firm Mossack Fonseca announces closure

14 March 2018

Google to ban crypto-currency advertising from June 2018

13 March 2018

Israel passes law to limit cash transactions

13 March 2018

UK government launches consultation on the use of cash (including for tax evasion and money laundering)

7 March 2018

UK company linked to laundered Bitcoin billions

3 March 2018

Ex-president of Vatican Bank charged with embezzlement and money laundering

2 March 2018

Tongan former prime minister charged with passport offences, bribery and money laundering

27 February 2018

Danish whistlebower claims that Putin family used Estonian bank for money laundering

23 February 2018

Two jailed for life for conspiracy to murder, drug offences and money laundering

22 February 2018

Texas senator found guilty of sercurities fraud and money laundering

20 February 2018

Bookmaker William Hill fined £6.2 million for AML and social responsibility failings

19 February 2018

European Central Bank freezes Latvian bank over money laundering allegations

16 February 2018

Accountant jailed for money laundering after stealing £1.3 million from government of Bermuda

15 February 2018

US Bancorp fined US$613 million for AML failings

12 February 2018

French gangster goes on trial for money laundering relating to bank robbery committed in 1976

9 February 2018

Spanish singer denied entry to the US because of money laundering conviction

7 February 2018

Rabobank pays US$368 million to resolve Californian drug money laundering case

5 February 2018

Lloyds Bank bans Bitcoin purchases on its credit cards

3 February 2018

Three jailed in Wales for laundering money through bank accounts and luxury vehicle purchases

1 February 2018

Swiss regulator bans Gazprombank Switzerland from taking on new clients after finding AML failings over a decade

1 February 2018

ATM engineer jailed in Northern Ireland for theft from ATM and money laundering

31 January 2018

Third Miami gold dealer jailed for money laundering

29 January 2018

Arkansas senator pleads guilty to bank fraud and money laundering

27 January 2018

Texan woman serving 40 years for money laundering given an additional 65 years for trying to arrange the killing of those who testified against her

26 January 2018

Former Manchester City footballer jailed for five years for drug money laundering

26 January 2018

Gang of seven jailed in the UK for selling fake documents and money laundering

25 January 2018

Brazilian ex-president Lula loses appeal against sentence for corruption and money laundering

23 January 2018

Rabobank to pay US$373 million fine for drug money laundering in the US

19 January 2018

Two Miami gold dealers jailed for money laundering

18 January 2018

OPBAS - the supervisor of AML supervisors - starts work in the UK

18 January 2018

Birmingham hacker jailed for cybercrime offences and money laundering

18 January 2018

Nigerian oil tycoon jailed in the UK for money laundering

17 January 2018

US authorities fine Taiwan’s Mega Bank US$29 million for AML failings

14 January 2018

US-based, bitcoin-friendly Metropolitan Bank halts international crytocurrency transfers through fears about money laundering

12 January 2018

Oxfordshire couple guilty of £1 million football memorabilia fraud and money laundering

8 January 2018

Leicestershire Police seize £300,000 of bitcoin in money laundering investigation

6 January 2018

UK online casinos warned about ongoing failings in social responsibility and AML

5 January 2018

Three Asian nationals jailed in the US for prostitution offences and money laundering

4 January 2018

Citibank fined US$70 million for AML failings

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ANTI-MONEY LAUNDERING TRAINING AND ADVICE

News archive

Part of the work of Thinking about Crime Limited is keeping up with developments and changes in legislation, regulation and guidance in the global world of money laundering. This page highlights money laundering (and connected) stories, issues and developments that may be of concern to you. Please note that the news on this page is for information only: you should seek your own legal and compliance advice before taking action based on anything you read on this page.

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