— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News “The aim of the e-residency program is to bring new e-residents to Estonia who consume Estonia’s e-services and, among other things, also conduct their legal business. The purpose of the anti-money laundering rules is to prevent the exploitation of the Estonian…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News People are spending and raising tons of cash from casinos, betting companies and real estate –and that quantified in tax terms should make government happy but it isn’t. Why? Because most money earned from criminal activities is being washed or laundered…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News VANCOUVER—Police have called Bitcoin ATMs “an ideal money-laundering vehicle,” and Vancouver’s mayor has even suggested a ban, but experts and businesses say federal regulation is what’s really needed to rein in a currently unregulated sector. Unlike other money-service businesses such as…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News BATON ROUGE, La. (WAFB) – John Paul Funes, the former president of the Our Lady of the Lake Foundation, was officially charged with wire fraud and money laundering, according to a June 4 news release from the Department of Justice (DOJ).…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Police have charged a 43-year-old man with money laundering as part of an investigation into individuals suspected of acting as “money mules”. Money mules are people who transfer money acquired illegally on behalf of someone else. The money can be transferred…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News To prevent criminal misuse of these businesses, it is necessary to understand money-laundering risks facing them and develop responses that reflect their non-face-to-face nature and cross-border customer base. This invitation-only workshop is convened by RUSI to advance the understanding of effective…
First it was $1 billion a year (maybe) being laundered through Lower Mainland casinos and real estate. Then it became $5 billion (maybe) in real estate alone for 2018. These dramatic, expanding estimates have persuaded Premier John Horgan and Attorney General David Eby to put aside their serious concerns about cost and a lack of…
The transaction took place on Thursday, May 23rd, and was mined by the China-based mining pool LTC.top in block 1636831. The fee was so massive that it caused the average transaction fee on the Litecoin network to jump from $0.05 to $0.70. Transaction fees haven’t been that high since Litecoin was worth $400 a pop at…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News LAHORE: An accountability court on Monday extended physical remand of two accused, allegedly involved in money laundering for Shehbaz Sharif family, till June 10. Accountability Court Judge Syed Jawadul Hassan conducted the case proceedings wherein National Accountability Bureau (NAB) officials produced Fazal…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The Financial Services Agency (FSA) of Japan is set to introduce even more stringent regulatory measures for Bitcoin exchanges in the country. The move comes as the country’s top financial regulator tries to improve its anti-money laundering (AML) protocols with review by the Financial…
