Money Laundering Bulletin

By Sara Lewis, in Brussels

Texas-based money remitter Ping Express US LLC pleadedguilty, on 6 July 2022, to not operating effective anti-money launderingcontrols. [1]In court filings, the company, which charged customers tosend money from the United States to Nigeria and..

On 16 November 2012, American Express National Bank (Amex) accepted an application from Walter Alexander Del Nogal Marquez for a supplemental American Express Centurion Card.The primary cardholder was a US person. Marquez was added to the Office of..

European Union (EU) member states are lagging in compliance with a key requirement of the fifth anti-money laundering directive (5AMLD) [1] – to create public ultimate beneficial ownership (UBO) registers by 10 January 2020. Sara Lewis, in Brussels,..

What is it about art and antiques, other than their intrinsic appeal, that makes them so attractive to the launderer? Timon Molloy explores the opportunities with Julian Radcliffe, chairman of the Art Loss Register, which maintains the world’s largest private international database of lost and stolen art, antiques and collectibles.

Frankfurt prosecutors have said German lender Deutsche Bank AG acted “thoughtlessly” in not timely filing 701 suspicious activity reports for transactions by members of Syrian President Bashar Al-Assad’s extended family.The comment, reported by..

20/7/22: The UK has tightened up earlier sanctions provisions, prohibited investment in land and legal entities in Russia and put blocks on exports of oil refining equipment, advanced technology and luxury goods to Belarus, and on imports of its..