Foreign Minister Gerry Brownlee has announced a significant boost to support Pacific island countries comply with international anti-money laundering standards. New Zealand is providing $3.6 million to the Asia-Pacific Group on Money Laundering. “The Group is a ... Read More →
Money Laundering
South Africa’s Zuma Signs Anti-Money Laundering Bill Into Law
The President of South Africa, Jacob Zuma, signed the amendment of the Financial Intelligence Centre Act that aims at tackling money laundering, tax evasion, and terrorist financing activities. The bill will allow increased scrutiny of the bank accounts of "prominent ... Read More →
Malaysian PEP Adam Rosly Investigated for his “Unusual Wealth”
MALAYSIA - Datuk Adam Rosly, 29, a youth opposition leader at the Parti Keadilan Rakyat (PKR) was remanded for five days to allow the Malaysian Anti-Corruption Commission (MACC) to investigate into his "unusual wealth". The MACC is Malaysia's efforts to combat ... Read More →
Credit Suisse Raided for Tax Evasion Probe in 5 Countries
Switzerland's second-largest bank, Credit Suisse, has been raided on Thursday after a tip-off to Dutch prosecutors. The coordinated raids happened in, Netherlands, Britain, Germany, France and Australia. Dutch Anti-Fraud Agency, the FIOD, are "investigating dozens of ... Read More →
Money laundering trends and techniques
The techniques used by money launderers are many and varied: they evolve to match the volume of funds to be laundered and the legislative and regulatory environment of the various jurisdictions in which they are laundered. The sophisticated money launderer usually ... Read More →
