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20pc increase in money laundering cases in BahrainThere was a 20 per cent increase in suspicious financial transactions reported in Bahrain last year compared to 2014, according to a special unit that monitors money laundering cases. A total of 1,044 suspicious transaction reports (STRs) were More… |
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Anti-money laundering regulation challenges in focusThe recent changes and future challenges of international anti-money laundering regulation was discussed at the seventh Compliance and Anti-Money Laundering Seminar in Riyadh, Saudi Arabia recently. It was organised by leading sou More… |
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US pushing banks to rid casinos of dirty moneyLarge global banks are facing increased pressure from US regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well. Bankers, casino More… |
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Verdict due in $923m laundering trial in BahrainA verdict is due in the trial of 16 men accused of being part of a money laundering racket that transferred up to BD350 million ($923.7 million). They include 11 managers and employees working for an exchange c More… |
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Final arguments made in money-laundering caseLawyers have submitted final arguments in the trial of 16 men accused of being part of a money-laundering racket that transferred up to BD350 million ($923.6 million). The ring included 11 managers and employee More… |
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Money-laundering trial witnesses to be summonedProsecution witnesses will be summoned to court in the case of 16 men accused of being part of a money-laundering ring in Bahrain that transferred up to BD350 million ($923.4 million). The ring included 11 mana More… |
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Saudi invests to curb money launderingSaudi Arabia has invested significant resources to tackle anti-money laundering (AML) challenges including the most recent amendments concerning the local regulations, said a senior official. Speaking at the si More… |
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Big money-laundering racket busted in BahrainTwelve men have been accused of being part of a money laundering ring that illegally transferred SR400 million ($106.6 million) overseas, a report said. The suspects are all Indians working in one of Bahrain's leading money ex More… |
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StandChart weighs settling Iran deals rowBritish bank Standard Chartered is rushing to reach a settlement within days over charges it hid transactions tied to Iran and is set to resume talks with US regulators on Monday, sources familiar with the situation said. The Lond More… |
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Anti-money laundering software market to reach $690mThe global Anti-Money Laundering (AML) software market is expected to see an average annual growth of 9 per cent over the next few years and reach over $690 million in 2015, according to a recent industry report. The report by the Aite gro More… |
