(금융위 위클리 e브리핑)FSC Weekly e-Briefing/ Korea's AML ...
screen integrity of the Korean financial system, after liberalization of foreign exchange transactions, Korean government has established the ...
Ocean Bank Pays Nearly $11M Fine Over AML Compliance
By Samuel RubenfeldOcean Bank, the largest privately owned state-chartered commercial bank based in Florida, settled with U.S. authorities to resolve charges that it willfully failed to establish an anti-money laundering compliance program.
Investigators found that five accounts at Ocean Bank were used to launder at least $10.99 million in drug proceeds from March 2001 through August 2008 through accounts controlled by traffickers and narco-money launderers, according to the settlement. The bank failed to notify law enforcement of the “obvious indicia of money laundering” occurring in the accounts, it said.
“Ocean Bank has a responsibility to not turn a blind eye to the money laundering activities of drug traffickers,” said Mark R. Trouville, the Drug Enforcement Agency special agent in charge of the Miami division, in a statement . “In this instance, Ocean Bank failed in its duty to the public and now faces justice.”
The bank entered into a deferred-prosecution agreement that includes a criminal information document charging it with violating the Bank Secrecy Act by failing to establish an anti-money laundering program from 2001 through 2008. Ocean agreed to forfeit nearly $11 million to the U.S., due within five days of the agreement, which was filed Aug. 15. It was accepted earlier Monday in federal court in Miami.
IMF Czech Republic Anti-Money Laundering & Terrorist Financing ...
Unspecific case of legal tender laundering and financing of terrorism
6. Depraved job in the Czech Republic that generates greater sources of illegitimate proceeds is comparable to scoundrel undertaking in other countries in evolution. Pecuniary offence (e.g., swindling and asset stripping) that is linked to the privatization process is still a paramount disquiet. The authorities also mentioned tax offences as signal violation areas. Organized misdemeanour involving treat trafficking and counterfeiting of goods is also physical in the Czech Republic with links to the area and Asia.
7. The Czech Republic is not yet considered to be a prime goal for thug-correlated The facts on this put is provided for scholastic and informational purposes. It may keep under control copyrighted mundane the use of which has not always been specifically authorized by the copyright P. It is being made readily obtainable in an creation to move onward the visible arrangement of federal, common, and commercial issues. It is believed that this constitutes a 'just use' of any such copyrighted materialistic as provided for in portion 107 of the US Copyright Law. In accordance with Nickname 17 U.S.C. Leg 107, the documentation on this plat is distributed without profit to those who have an interest in using the included communication for examination and educative purposes. If you fancy to use copyrighted data from this situate for purposes of your own that go beyond 'satisfactory use', you must secure allowance from the copyright holder. The dope on this plat does not constitute permitted or industrial opinion.
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