#money laundering
9 articles with this tag
PoliticsUS Treasury Targets Eight Canadian Firms for Aiding Iran's Sanctions Evasion
The U.S. Treasury has sanctioned eight Canadian money exchange firms for allegedly helping Iran evade financial sanctions, with some also involved in cryptocurrency and drug trafficking networks. These measures aim to cut off illicit financial lifelines to the Iranian regime.
EconomyUAE Central Bank Slaps Foreign Bank Branch with Dh200 Million Fine for Anti-Money Laundering Violations
The Central Bank of the UAE has fined a foreign bank branch Dh200 million for serious and repeated failures in anti-money laundering and combating the financing of terrorism. The bank's chief executive and head of compliance also received personal fines.
MiscellaneousUAE Jails Eight for Life in Major Arms Trafficking and Money Laundering Scheme Targeting Sudan's Army
Eight individuals have been sentenced to life imprisonment in the UAE for their roles in a significant arms trafficking and money laundering scheme that supplied Sudan's army. The court also ordered the confiscation of illicit materials and the deportation of the convicted.
PoliticsFlavio Bolsonaro Flees Brazil for Miami Amidst Election Defeat and Money Laundering Probe
Flavio Bolsonaro has fled to Miami following his election defeat and amid a money laundering investigation, sparking criticism from voters and potentially shifting the balance of power within Brazil's conservative movement.
MiscellaneousSharjah Police Dismantle Global $2.4 Billion Money Laundering Ring, Arresting 33 Suspects
Sharjah Police have arrested 33 individuals from 12 countries in a global crackdown on a sophisticated money laundering and cyber fraud network. The operation, dubbed 'End of Battle,' uncovered a complex criminal syndicate involved in cyberattacks, digital theft, and violent assaults, with assets worth over Dh65 billion secured.
EconomyBank of America Hit with Over $1.2 Billion in Fines for Anti-Money Laundering and Sanctions Violations
Bank of America has been fined over $1.21 billion by the U.S. Treasury Department for failing to comply with anti-money laundering and sanctions laws. The penalties address significant deficiencies in reporting suspicious transactions and mitigating national security risks.
EconomyBank of America Slapped with $1.2 Billion Fine for Sanctions and Anti-Money Laundering Violations
Bank of America has been fined over $1.2 billion by the Treasury Department for violating anti-money laundering and sanctions laws. The bank also agreed to a $750 million penalty from the OCC and an $11.6 million settlement related to sanctions breaches.
EconomyUAE to Lead Regional Push Against Cross-Border Fraud and Money Laundering
The UAE is set to propose a regional initiative during its 2026 presidency of the Middle East and North Africa Financial Action Task Force to tackle cross-border fraud and money laundering.
Breaking NewsUAE and Swedish Authorities Dismantle International Money Laundering Ring in Joint Raid
UAE and Swedish authorities collaborated in a joint operation to arrest a wanted fugitive suspected of leading an international money laundering network that utilized cryptocurrencies.