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Hong Kong launderer cleaned $860m in three years
A Hong Kong court has found a woman guilty of laundering an estimated US$86om (US) between 2002 and 2005. That works out at roughly US$286m per year. To put this ridiculous figure into perspective, the...
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SEC policy expected to encourage whistle-blowers in Asia
The number of whistle-blowing cases in Asia, including China, is expected to continue rising with a new policy by the US Securities and Exchange Commission (SEC) to protect whistle-blowers, analysts...
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Crypto: What does the Mt.Gox closure mean?
The cyber attack yesterday which closed Mt.Gox, the heretowith largest bitcoin exchange, has realised some of the concerns felt by Compliance and AML specialists. What will you tell clients who lose...
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Football: Birmingham’s Yeung faces money-laundering verdict
Hong Kong businessman and Birmingham City owner Carson Yeung faces up to 14 years in jail if found guilty at the close of his multi-million dollar money-laundering trial on Friday....
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Dying to tell the story
A decade ago, when I started writing about money laundering, organised crime and corruption, my editor told me this was sometimes a dangerous job. Aside from a few scrapes with sub-editors and the...
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Egypt court sentences ousted leader Mubarak to 3 years in jail
CAIRO May 21 (Reuters) – An Egyptian court on Wednesday sentenced ousted president Hosni Mubarak to three years in prison on charges of stealing public funds. “The court orders Mohamed Hosni Mubarak to...
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Thailand: AMLO publishes list of rogue bank accounts
Thailand may be in the midst of political turmoil but the Anti-Money Laundering Office is still on track. The AMLO scored a victory yesterday in publishing details of more than 200 suspicious bank...
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China: Gov funds used to buy vineyards, Vegas trips
An audit report from the Chinese government has revealed how funds were misappropriated to buy vineyards in France and to pay for trips to Las Vegas. Viva Las Vegas In 2012, the French financial...
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Australia: cash smuggling ex-banker jailed
A judge in Sydney has sentenced a former Bank of China employee to four months behind bars for attempting to shift AUD800,000 (USD751,000). The court used Australia‘s anti-money laundering laws to...
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Bitcoin foundation sues for common sense in Florida laundry sting trial
Back in February, Florida police officers posed as money launderers hoping to wash cash by buying bitcoin (BTC) from two men they found on an on-line bitcoin marketplace. Officers arrested the man and...
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