Digital bank Monzo being investigated over alleged breaches of money laundering rules By Matt Oliver For The Daily Mail Published: 16:50 EDT, 30 July 2021 | Updated: 16:50 EDT, 30 July 2021 Monzo is being investigated over alleged breaches of money laundering rules. The digital bank was informed about the probe by City Watchdog, the … Read more
NatWest faces ‘significant’ damage to reputation as it becomes first bank to appear in court on criminal charges over money laundering, lawyers say By Helen Cahill, Financial Mail On Sunday Published: 21:51 BST, 22 May 2021 | Updated: 11:43 BST, 23 May 2021 NatWest faces ‘significant’ damage to its reputation this week as it becomes … Read more
City watchdog launches criminal probe into Natwest over money laundering failures after £365m was paid in to bank by Bradford based gold dealer The Financial Conduct Authority (FCA) is investigating the NatWest Group Alleges that ‘increasingly large cash deposits’ were made into customer account Around £365 million was paid in – of which some £264 … Read more
Kevin Hart’s one-time personal shopper accused of laundering $1M of star’s money By Dailymail.com Reporter Published: 03:09 GMT, 11 February 2021 | Updated: 03:09 GMT, 11 February 2021 Kevin Hart’s one time personal shopper Dylan Syer has been accused of laundering more that $1 million from the A-list star. Syer appeared in Queens Supreme Court … Read more
Anti-corruption expert wife, 41, is cleared of laundering proceeds of Commonwealth Secretariat lawyer husband’s £1.3million alleged fraud Melissa Khemani, 41, cleared of laundering £61k between October 2018-2019 Her husband Joshua Brien, 47, allegedly defrauded Commonwealth Secretariat He is also accused of failing to inform his new employer of reason he was sacked Brien appeared in court via … Read more
Monkey laundering: Wild animal stuns woman by hand-washing her clothes in Indonesia Ayu Sarasyani had left a bowl full of dirty clothes soaking in water and detergent While inside her South Kalimantan home, a cheeky monkey decides to help out The primate imitates the woman by soaping, scrubbing and rinsing the clothes By Sabi Phagura for … Read more
Westpac has agreed to pay a record $1.3billion fine for breaching anti-money laundering rules – and enabling the funding of child exploitation and potentially terror activities. Australia’s second biggest bank has told the Australian Securities Exchange it had reached an agreement with AUSTRAC, the federal government agency charged with tackling organised crime. Westpac has admitted … Read more
Don’t be a student sucker: Youngsters warned over offers of ‘easy money’ as more are tempted into laundering cash for criminals via current accounts Reporting body Cifas said there were a record 364,000 reports of fraud in 2019 A large proportion of these were cases of suspected ‘money muling’ This is where people are convinced … Read more
Betway is hit by record £11.6m fine for failing in its social responsibility to customers after ‘VIP’ client lost £4m of an £8m deposit while another gambled away £187,000 in two days Malta-based firm failed to carry out source of funds checks on ‘VIP’ customer They deposited more than £8million and lost more than £4million … Read more