by Jyotsna Bucktowar | Mar 4, 2025
A key revelation in this case is that a woman operated as the ringleader of a sophisticated ML network which was an uncommon occurrence in organized financial crime. She oversaw the transfer of US $78.5 million in illicit funds through 30 front companies and 150 bank...
by Jyotsna Bucktowar | Feb 18, 2025
Enforcement director emphasized the need for operators to reassess customer profiles and monitoring procedures to account for various risk factors such as transactions, geography, and products. He also pointed out ineffective customer triggers over-reliance on...
by Jyotsna Bucktowar | Feb 8, 2025
Critics warn that like in the Philippines, online gambling could become a hub for ML and other criminal activities unless strict regulations and enforcement are implemented. The government’s plan includes introducing a casino bill and online gambling licenses,...
by AdrianaAMLP | Jan 9, 2025
AML failures involved delays in investigating suspicious transactions and risky occupations, as well as ignored links between accounts, including one tied to a convicted drug dealer. Greentube’s paid £685,000 in 2021 for similar breaches. The £1 million fine...
by Jyotsna Bucktowar | Dec 14, 2024
Snooker Mark King has been suspended for five years and fined £68,299.50 for match-fixing and providing inside information following a ruling by the WPBSA. The Gambling Commission supported the case with betting data to ensure fair play. The director emphasized that...
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