registered in England and Wales as company number 4919193

NEWSROOM

27 June 2020

Algerian former police chief jailed for money laundering linked to corruption and terrorist financing

26 June 2020

Ukrainian ex-MP jailed in Switzerland for money laundering

25 June 2020

Swedish regulator fines SEB SEK 1 billion [about £86.5 million] for AML failings in its Baltic subsidiary banks

25 June 2020

FATF publishes report on “Money Laundering and the Illegal Wildlife Trade”

22 June 2020

Hong Kong regulator fines Chinese securities broker HK$25.2 million [about £2.6 million] for AML and other regulatory failings

18 June 2020

Swedish financial regulator fines JAK Medlemsbank SEK 1.6 million [about £136,000] for AML failings

17 June 2020

Syrian president’s uncle sentenced to jail in France for money laundering

17 June 2020

FCA fines Commerzbank London £37,805,400 for AML failings

15 June 2020

Turkish lorry driver jailed in Kent for 4½ years for smuggling £12 million cash out of the UK

12 June 2020

Owner of cryptocurrency exchange pleads guilty in New York to laundering US$1.8 million of bitcoin

11 June 2020

EU announces plans for “an audit of the effectiveness of the EU’s efforts to combat money laundering in the banking sector”

8 June 2020

Fraudster jailed for selling unlicensed cancer drugs to have £1.4 million of assets confiscated

8 June 2020

Kuwait arrests Bangladeshi MP on charges of human trafficking and money laundering

2 June 2020

Estonian entrepreneur and two others charged with laundering €2.88 million

1 June 2020

Professor who wrote book on organised crime pleads guilty in New York to money laundering

1 June 2020

Shanghai branch of BNP Paribas fined CNY 2.7 million for AML failings

29 May 2020

Two men jailed in London for fraud and laundering £2.4 million

28 May 2020

Central Bank of Kenya orders banks to check safe deposit boxes for laundered money

27 May 2020

French political “power couple” lose appeal against money laundering conviction

26 May 2020

Guidance for UK estate agents updated in light of pandemic-related crime

24 May 2020

Sudan recovers US$4 billion in assets stolen by former president Omar Al Bashir

21 May 2020

Chinese police arrest twelve for money laundering through digital currencies

20 May 2020

Ukrainian billionaire under investigation in the US on suspicion of money laundering

19 May 2020

Iran sentences couple to death for gold smuggling and money laundering

19 May 2020

NCA recovers £6.4 million laundered through London bank account of corrupt Liberian company

14 May 2020

Former Swedbank employees charged in Latvia with money laundering

14 May 2020

EU launches legal action against Luxembourg over laws to prevent money laundering and tax avoidance

12 May 2020

Italian police arrest 91 mobsters on suspicion of extortion and money laundering in pandemic exploitation

8 May 2020

Ex-CEO of Garuda Indonesia jailed for eight years for corruption and money laundering

7 May 2020

European Commission sets out its plans for a more co-ordinated and comprehensive approach to AML/CFT across the EU

7 May 2020

US reaches settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1MDB

4 May 2020

Gold tycoon and art collector James Stunt charged with forgery and money laundering

4 May 2020

Dutch former policeman jailed for leaking confidential information and money laundering

1 May 2020

Jail for money launderer who spent just four hours in the UK

30 April 2020

Bank Hapoalim agrees to pay more than US$30 million for its role in FIFA money laundering

28 April 2020

Ivory Coast PEP given twenty-year jail sentence for embezzlement and money laundering

23 April 2020

Met Police seize €1.9 million from bank accounts after two-year money laundering investigation

21 April 2020

“Ridiculously dodgy” Australian lawyer found guilty of aiding criminals (including money launderers)

21 April 2020

China launches trials of its digital currency

20 April 2020

Industrial Bank of Korea pays US$86 million to settle US charges of sanctions breaches and AML failings

20 April 2020

Kingfisher Airlines tycoon Vijay Mallya to be extradited from the UK to India to face charges of fraud

17 April 2020

Money laundering whistleblower awarded US$10.8 million in damages

15 April 2020

Vatican replaces the head of its FIU as concerns continue about corruption and money laundering

14 April 2020

Westpac expects A$900 million penalty for AML failings

14 April 2020

Latvia uncovers money laundering scheme involving plastic granules

8 April 2020

HSBC self-reports potential AML failings in Australia

8 April 2020

UK’s National Crime Agency to appeal discharge of three UWOs

7 April 2020

Major investment fraud and money laundering gang busted in Bulgaria and Serbia

7 April 2020

Ecuador finds former (now exiled) president guilty of corruption

6 April 2020

FBI warns of money mule schemes exploiting the pandemic

6 April 2020

New Zealand regulator issues warning to seven businesses about AML failings

3 April 2020

UK National Crime Agency publishes its “National Strategic Assessment of Serious and Organised Crime 2020”

2 April 2020

UK Gambling Commission fines Caesars Entertainment £13 million for failings of social responsbility, customer interaction and AML

1 April 2020

FBI arrests Russian rapper on suspicion of crypto money laundering

29 March 2020

Coronavirus cripples the New York mafia

29 March 2020

Two Birmingham men jailed for £4.2 million tax fraud and money laundering

28 March 2020

Luxembourg financial regulator bans Rothschild former CEO for ten years over involvement in 1MDB money laundering scandal

28 March 2020

Accused Mexican money launderer loses bid for refugee status in Canada

24 March 2020

Swedbank money laundering report uncovers €37 billion in “high risk” payments

23 March 2020

Peru uncovers organised crime network laundering illegally mined gold

23 March 2020

Two Sydney men jailed for “unsophisticated” money laundering linked to terrorist funding

19 March 2020

Swedbank fined 4 billion krona [about £330 million] for Baltic AML failings

18 March 2020

Uzbek PEP given further jail time for extortion and money laundering

17 March 2020

Court orders seizure of all Portuguese assets of Angolan PEP Isabel dos Santos

17 March 2020

Three charity trustees disqualified after laundering £10 million from fake erectile dysfunction pill fraud

16 March 2020

London law firm Withers rebuked by regulator over AML failings

12 March 2020

Online casino Betway fined £11.6 million for social responsibility and AML failings

11 March 2020

UK government confirms plans to introduce “economic crime levy”

10 March 2020

New UWO focuses on London mansion linked to Kazah PEP

9 March 2020

Indian founder of Yes Bank arrested on suspicion of money laundering

6 March 2020

Wife of fraudulent, Ferrari-driving estate agent found guilty of money laundering

6 March 2020

British former executive for French transportation firm Alstom jailed in the US for bribery-related money laundering

5 March 2020

Kenyan authorities fine five banks for AML failings

4 March 2020

US fines former bank risk officer US$450,000 for AML failings

3 March 2020

Kent couple sentenced for laundering £120,000 proceeds of inheritance fraud

3 March 2020

New Zealand money remittance firm, owner and mother fined for AML failings

3 March 2020

Two Chinese nationals charged in the US with laundering US$100 million of stolen cryptocurrency, including via iTunes cards

1 March 2020

Restaurateur and accountant jailed in New Zealand for laundering NZ$6.5 million proceeds of tax evasion (from cash restaurant sales)

28 February 2020

US lawyer pleads guilty to facilitating tex evasion and to money laundering in Panama Papers case

27 February 2020

Tommy Adams ordered to repay £1.24 million proceeds from drug trafficking and money laundering or face seven more years in prison

27 February 2020

UK Gambling Commission fines online casino Mr Green £3 million for social responsiblity and AML failings

26 February 2020

Nigerian former politician Olisa Metuh jailed for 36 years for money laundering

26 February 2020

Sixteen Romanian banks being investigated on suspicion of money laundering

25 February 2020

Fictitious football players at the centre of an €11 million money laundering scheme

24 February 2020

Two York men suspected of money laundering arrested after trying to fly to Las Vegas to see Fury/Wilder boxing match

24 February 2020

Australian casino group Crown Resorts under investigations for links to organised crime and money laundering

22 February 2020

Family home funded by drug trafficking and money laundering to be handed over to the National Crime Agency

21 February 2020

Brazilian marine drilling consultant jailed for nearly twenty years for corruption and money laundering

20 February 2020

Swiss regulator finds serious AML failings at Bank Julius Baer

14 February 2020

90% of UK estate agents rely on instinct to sniff out money laundering

13 February 2020

UK’s NCA secures freezing order over Leeds businessman’s £10.5 million property portfolio

13 February 2020

Money laundering mafia dismantled in the Canary Islands

13 February 2020

Lancashire businessman deported from the US for money laundering

13 February 2020

French court rules that mayor jailed for tax fraud and money laundering is too ill to service his sentence in prison

12 February 2020

Eight EU Member States sent warning by Commission about delays in implementing MLD5

12 February 2020

Investment firm fined HK$3.7 million [about £370,000] by Hong Kong regulator for AML failings

7 February 2020

Former financier jailed for nine months for bribery and money laundering connected to US college admissions scandal

5 February 2020

Ghanaian former finance minister charged with theft and money laundering

5 February 2020

Abu Dhabi Commercial Bank fined £475,000 by Jersey’s Royal Court for AML failings

5 February 2020

UK Court of Appeal denies appeal against implementation of first-ever Unexplained Wealth Order

5 February 2020

Two Belgian brothers found guilty in Antwerp of laundering money via their gold refinery

4 February 2020

Man jailed by Caernarfon court for laundering nearly £6 million proceeds from invoicing fraud

4 February 2020

US and Jersey agree to repatriate to Nigeria more than US$300 million stolen by late dictator General Sani Abacha

4 February 2020

Dutch bank ING ordered to pay €30 million to settle Italian money laundering investigation

30 January 2020

NCA recovers property and cash totalling £465,000 from Bradford fraudster and money launderer

29 January 2020

Peruvian oppostion leader remanded in jail again pending trial for corruption and money laundering

28 January 2020

Bank of China pays €3.9 million to French authorities to settle money laundering case

24 January 2020

HMRC uncovers £200 million tax evasion and money laundering scheme in joint operation

24 January 2020

Liverpool money launderer served with confiscation order for £131,000

24 January 2020

Russian bitcoin expert Alexander Vinnik charged in France with extortion and money laundering

23 January 2020

Isabel dos Santos accused of embezzlement and money laundering by Angolan prosecutors

23 January 2020

Transparency International publishes its Corruption Perceptions Index 2019

21 January 2020

Police break up major international money laundering ring in Northern Ireland

20 January 2020

Leader of Greater Manchester armed gang jailed for 21 years for robbery and money laundering

19 January 2020

Online gaming company Blackrock reaches €2.34 million settlement with Maltese authorities in money laundering enquiry

19 January 2020

Dutchman jailed for 100 years in Thailand for money laundering to return to the Netherlands to serve two years instead

16 January 2020

Former Minister of Industry of Barbados found guilty in the US of money laundering US$36,000 of bribes paid to him by an insurance company

13 January 2020

Russian billionaire loses [AML-significant] legal case in Helsinki against Nordic banks

13 January 2020

Former head of world athletics body goes on trial in Paris for corruption and money laundering

8 January 2020

Maltese entrepreneur sues opposition MP over money laundering allegations

6 January 2020

Scottish gangster found dead impaled on railings had laundered money for Russian criminals

2 January 2020

UK’s tax agency reveals nine top criminal cases for 2019

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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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