Anti Money Laundering

The recent ruling by Malaysia High Court, acquitting the former Prime Minister Najib Razak of money laundering charges, which surrounds the scandal of the 1Malaysia Development Berhad (1MDB), revives the discussion concerning the degree to which the country is serious with combating corruption. Although it is not a proper acquittal as one should be found […]

Swiss bank Pictet, one of the world’s oldest and most prestigious private banks, has been fined $2.5 million for failing to adequately prevent money laundering activities. This penalty, imposed by Swiss financial regulators, underscores the growing scrutiny on global financial institutions to uphold stringent anti-money laundering (AML) standards. The case highlights persistent vulnerabilities in compliance […]

In recent years, Myanmar has witnessed a significant rise in online financial fraud, a phenomenon that poses serious risks not only to the country’s financial sector but also to its broader economic stability and security. Recognizing the growing threat, Myanmar has intensified its efforts to combat money laundering activities linked to these fraudulent schemes. This […]

The recent indictment of Iurii Gugnin, founder and CEO of the U.S.-based cryptocurrency payment firms Evita Pay and Evita Investments, marks a significant development in the ongoing global struggle against illicit finance, sanctions evasion, and the misuse of digital assets. Gugnin faces 22 criminal counts, including wire and bank fraud, money laundering, violating U.S. sanctions […]

The recent arrest of Sergio Velazquez, former police chief of Hialeah, Florida, on multiple charges including money laundering, organized fraud, and grand theft, has sent shockwaves through the community and law enforcement circles. This case highlights not only alleged criminal conduct by a high-ranking public official but also raises critical questions about oversight, accountability, and […]