News
The UK government is setting up a new anti-money laundering watchdog in an effort to crack down on ill-gotten gains and dirty money. (Financial Times)
One of the world’s largest publicly listed gaming companies, TAB, has been fined $45 million for breaching money laundering and counter-terrorism financing laws. (Guardian)
A new study by the European Parliamentary Research Service found banks often over- or under-report suspicions of money laundering or terrorist financing to national agencies to protect themselves from regulators. (Law360)
South Korean prosecutors expand their corruption inquiry, due to a widening corruption scandal that led to the dismissal of President Park Geun-hye last …read more
Source: Kleptocracy Initiative