The Fifth Circuit temporarily upheld the Corporate Transparency Act, delaying enforcement deadlines for beneficial ownership reporting amid legal challenges. FinCEN extended key filing dates. Details: https://t.co/TLdaIbwIXM #AML #Compliance #AMLWatcher #MoneyLaundering

South Korea's FSC is cracking down on crypto money laundering, tackling cross-border transactions & the "Kimchi Premium." Chairman Kim Byung-hwan urges action on youth gambling at the 18th AML Day. Read more: https://t.co/riv1aUDEQr #AML #Compliance #AMLWatcher #MoneyLaundering

Why is screening a crucial step in every investigation? Georgina Demetriades shares her experience, uncovering how criminals disguise their identities. Stay tuned for more stories like this! #AML #Compliance #AMLWatcher #TrueCrime #MoneyLaundering #Regulations

Have you ever wondered if your transactions could be linked to human trafficking? Let's see how Oonagh van den Berg uncovers the truth behind suspicious transactions and reveals the stories hidden in the numbers. #AML #Compliance #AMLWatcher #MoneyLaundering #Regulations

True crime series: Episode 5 – The Good Bank, Bad Bank Scheme The Latvian government split Parex Bank into two, but corruption persisted as Citadele Bank, the "Good Bank," continued one of the largest money laundering operations in history. #AML #GoodBankBadBank #FinancialFraud

True crime series: Episode 4 – The Fake Investor A fake investor, secret government deals, and a facade of solvency. How deep does the deception go? Find out in Episode 5, where the Good Bank, Bad Bank scheme unfolds. #AMLWatcher #MoneyLaundering #Regulations #AML #Compliance

True crime series: Episode 3 Parex Bank sold shares to unsuspecting investors to whitewash its shady reputation. But what happens when these investors realize the truth? Episode 4 is where things get even darker. #AML #Compliance #MoneyLaundering #FinancialDeception

True crime series: Episode 2 – The Illusion of Credibility They said the bank was credible, but behind the shiny audits and high ratings was a decade of false financial statements. How did Parex Bank fool the world for so long? #AML #Compliance #AMLWatcher #MoneyLaundering

True crime series Episode 1 – The Whistleblower’s Call What happens when a high-flying banker exposes the dark secrets of his own institution? But what forced him to turn whistleblower? Stay tuned for Episode 2 #AML #Compliance #AMLWatcher #MoneyLaundering #Regulations

Protect your assets from money laundering, and improve your AML framework: https://t.co/bS5AJUwVnC

The AFP says this type of crime funds luxury lifestyles and supports future criminal activities. Source: Perth Now

Police seized cash counting machines, luxury watches, cash receipts, electronics, and cigarette-making equipment.

Three other men, aged 51, 38, and 34, were arrested after police raided multiple Sydney properties in November.

The man was first arrested in October and charged, then re-arrested at Sydney airport this week for a $1M crime.

The syndicate reportedly has links to Korean and Middle Eastern crime groups in Sydney.

Police say the man is part of a group that laundered over $10M through cash "dead drops" and cryptocurrency transfers.

ANZ Bank flagged the case to the Australian Federal Police in October, leading to an investigation into money laundering.

A 36-year-old man was arrested at Sydney airport for trying to deposit $1M of dirty money into a Brisbane bank. #AML #Compliance #AMLWatcher #MoneyLaundering #Regulations #Australia

Protect your assets from money laundering, and improve your AML framework: https://t.co/bS5AJUwVnC

Wise, founded in 2011, aims to make international money transfers cheaper and simpler. Source: Reuters