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How America Became the Money Laundering Capital of the World The U.S. is the venue of choice for cartels and kleptocrats. Now lawmakers want to use an agency called FinCEN to do something about it. Jorge VINUEZA/AFP/Getty Images May 7, 2021 In March, federal agents raided the Beverly Hills premises of a company called U.S. Private Vaults. According to a subsequent grand jury indictment, U.S. Private Vaults was a money laundering operation where drug dealers and others could anonymously stash fentanyl, guns, and “huge stacks of $100 bills” in safe deposit boxes. U.S. Private Vaults d...

The Philippines will need to make further reforms to enhance its anti-money laundering (AML) and combatting the financing of terrorism (CFT) measures in relation to the country’s casino industry, says a report from the International Monetary Fund (IMF). The fund said in a Friday press release that its executive board had reached the conclusion as part of its “Financial System Stability Assessment” of the country. Referring to the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), the report stated: “Pagcor should effectively apply risk mitigation and risk...

JUDGMENTS 1. Collusive Commercial Transactions With Corporate Debtor Will Not Constitute 'Financial Debt' Under IBC: Supreme Court [Case: Phoenix Arc Private Limited v. Spade Financial...

On the 3rd of December 2020, Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on combating money laundering by criminal law ...

The Securities and Exchange Commission of Pakistan (SECP) has extended the time period up to April 30, 2021, for securities brokers, futures brokers,