Financial Fraud Law

Recent Posts

European Parliament Votes to Toughen Anti-Money Laundering Rules
Posted on 12 Mar 2014 by Steven A. Meyerowitz

The ultimate owners of companies and trusts would have to be listed in public registers in EU countries under draft anti-money laundering rules voted by the European Parliament. “The public registers will make life more difficult for criminals... Read More

Tags: Fraud , anti-money laundering , EU Parliament , financial fraud law , financial fraud

Money Service Business Shut Down for Sending Wire Transmissions to Yemen without Anti-Money Laundering Controls
Posted on 10 Feb 2014 by Steven A. Meyerowitz

The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty against Saleh H. Adam, doing business as Adam Service, a money services business (MSB), after determining that, since November 2007, Adam Service committed serious and... Read More

Tags: Bank Secrecy Act , FinCEN , Fraud , anti-money laundering , financial fraud law , financial fraud

Fuel for Crime, Corruption and Tax Evasion: US$68.9 Billion Flowed Illegally Into or Out of Emerging EU Economies
Posted on 3 Feb 2014 by Steven A. Meyerowitz

Nearly US$70 billion in illicit financial flows – the proceeds of crime, corruption, and tax evasion – flowed into or out of developing and emerging European Union member-states in 2011, according to newly released information from Global... Read More

Tags: money laundering , Global Financial Integrity , Fraud , anti-money laundering , AML , Anti-Money Laundering Directive , financial fraud law , financial fraud , GFI