NEW YORK (Reuters) - A federal judge has dismissed a lawsuit accusing Deutsche Bank AG of concealing major deficiencies in its anti-money laundering controls, even as it allowed "mirror trades" to launder money out of Russia as part of a $10 billion trading ... Read More →
Money Laundering
Fake Online Stores Reveal Gamblers’ Shadow Banking System
LONDON (Reuters) - A network of dummy online stores offering household goods has been used as a front for internet gambling payments, a Reuters examination has found.The seven sites, operated out of Europe, purport to sell items including fabric, DVD cases, maps, ... Read More →
New Zealand to help Pacific Combat Money Laundering
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 →
U.S. acts to seize stolen assets, Picasso in probe of Malaysian fund 1MDB
WASHINGTON (Reuters) - The Justice Department took legal action on Thursday to recover about $540 million in assets that authorities say were stolen by financiers associated with a sovereign wealth fund established by Malaysia's prime minister, including a Picasso ... Read More →
Banks face tougher scrutiny of risk under new Danish money-laundering law
COPENHAGEN (Reuters) - Denmark's Financial Services Authority plans tougher scrutiny of how banks assess the risk of money laundering when a new law to combat the crime comes into effect this month, the regulator told Reuters.The FSA will "fairly quickly" check ... Read More →
