Print Icon
 

Hello,

Introducing this week's newsletter with essential insights on AML, financial crime, and regulatory updates—tailored for your success.

Co-chairs’ Statement – 2024 Egmont Plenary, Paris, France

The 30th annual Egmont Group (EG) Plenary hosted by the Financial Intelligence Unit of France (Tracfin) took place from June 2 – 7, 2024, in Paris, France.

Standard Chartered Hit With USD 100 Billion Terror Group Money Laundering Allegations

FTSE 100 bank Standard Chartered was hit today with fresh whistleblower allegations that it was involved in transactions worth USD 100 billion, which financed some of the world’s most notorious terrorist groups.

Epoch Times CFO Charged In USD 67m Money-laundering Plot

The chief financial officer of the Epoch Times news outlet has been arrested over his alleged involvement in a massive money-laundering scheme.

Federal prosecutors allege that Bill Guan, 61, participated in a global plot to launder at least $67m (£52m) of illegal cash to benefit himself and the Epoch Times.

Analysts Say Fines Could Rise As TD Bank Faces Additional Allegations

Toronto-Dominion Bank (TD Bank) reportedly could be facing fines of up to $4 billion in relation to money-laundering probes in the United States. This estimate by analysts at Jefferies Financial Group is double the previous estimates, highlighting the severity of the potential impact on Canada’s second-largest lender, Bloomberg reported Wednesday (June 5).

Austrac Unveils Guide To Tackle Money Mule Activity Among International Students

This guide is designed to help businesses detect and report suspicious activities related to money mules, specifically focusing on international students and temporary residents.

Skycity Adelaide To Pay USD 67m Over Money Laundering And Finance Terrorism Case

SkyCity Adelaide has been slapped with a $67 million fine over a money laundering and finance terrorism case. Federal Court Justice Michael Lee found the operator had, over several years, failed to meet its legal requirements and carry out ongoing customer due diligence under anti-money laundering and financial terrorism laws.

   
   

Our mailing address is: weeklydispatch@zigram.tech

Want to change how you receive these emails?

you can update your preferences or unsubscribe from this list.