US DoJ on Venezuelan ML scheme

US DoJ charges two financial asset managers in relation to alleged $1.2bn Venezuelan ML scheme. The conspirators laundered the illicit proceeds in connection with a corrupt foreign currency exchange scheme involving bribery of Venezuelan officials….

US DoJ on money transfer company on AML failures 

US DoJ announces guilty plea of money transfer company, Ping Express, in relation to AML failures. The company – which was licensed to transmit money but was not licensed to conduct currency exchange – charged U.S. customers a fee to remit money to...