ABN AMRO is raising its bank charges for coffeeshops by 1000% to cover the costs of complying with anti-money laundering laws. From January coffeeshop owners who have a business account with the bank ...

Years of investigations have revealed the intricate money laundering network that turns Moroccan hash into gold in Dubai. Revelations into the dealings of Kaloti Jewellery International Group in Duba ...

Police in Myanmar this week announced the largest synthetic drug seizure on record in Southeast Asia. Between February and April, security forces seized more than 200 million tablets of methamphetami ...

At least €13bn is laundered through the Netherlands on an annual basis, with most of the money coming from Dutch criminal enterprises, according to new research quoted in the Financieele Dagblad. Utr ...

No one knows how much dirty money is rinsed through London, but Britain’s National Crime Agency (NCA) reckons British banks and their subsidiaries (including those in overseas territories) launder “m ...

The public prosecution department has reached a €775m out of court settlement with ING for failing to properly monitor money transfers for potential money laundering. The department says between 2010 ...

The Commonwealth Bank has agreed to pay $700m to settle civil proceedings relating to breaches of anti-money laundering and counter-terrorism financing laws. The announcement follows court-ordered me ...

Rob Wainwright, who will be leaving his post as Europol director after almost a decade, said: “One of my favorite frustrations is on financial crime — the anti-money laundering regime.“ Professional ...

Nearly two-thirds of America’s states have legalised pot sales for certain uses, but the federal government still classifies marijuana as a Schedule 1 drug, on a par with heroin. Banks that handle ma ...

California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state's legal marijuana market, the state treasurer said. The state on ...

Understated and simpatico, former Uruguayan president Jose Mujica isn't easily rattled. Just don't mess with his reefer. That was the message from Montevideo last week when a state-owned lender, Banc ...

California government, financial and marijuana business leaders met last week in a far-from-resolved debate over whether a state-run bank could be the solution to the cannabis industry’s banking prob ...

Colorado federal lawmakers amplified efforts to protect state-enacted marijuana laws and cannabis businesses supporting banking legislation for the marijuana industry. Reps. Diana DeGette and Mike Co ...

The Panama Papers, a massive leak of confidential documents from Mossack Fonseca, a law firm in Panama that helped wealthy clients and money launderers for drug trafficking organisations set up anony ...

EU finance ministers have called for an investigation into the €500 note, amid growing concern it is making life easier for terrorists, money launderers and drug barons. The French finance minister, ...

HSBC is trying to prevent publication of a report on how it complies with money-laundering rules imposed on it by the US authorities in 2012, when it was fined a record $1.9bn. The bank is arguing in ...

Congress doesn’t have the appetite to deal with the conflict between federal and state laws that has caused a banking crisis for the burgeoning marijuana industry in Colorado and other states, accord ...

A top federal official said that 105 banks and credit unions are doing business with legal marijuana sellers, suggesting that federal rules giving financial institutions the go-ahead to provide servi ...

This first independent assessment of the global AML system, conducted by the Center on Law and Globalization, appraises efforts to rate countries by the International Monetary Fund (IMF) and Financia ...

Since the 1980s, there has been a major push in rhetoric and institution-building, emphasizing the centrality of attacking the financial lifeblood of drug trafficking networks and organised economic ...

The accusations from Argentina's tax authority that London-based HSBC laundered over $100 million may pale in comparison to that of the bank's US - Mexico case, but they raise the specter that someon ...

The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and in ...

Last week, managers from Britain's biggest bank, HSBC, lined up before the Senate's permanent sub-committee on investigations. Europe's largest bank ignored warning signs about money-launderers. The ...

The book provides the first collection of analytic contributions, as opposed to advocacy essays and black box estimates, on illicit financial flows (IFFs). Some of the chapter presents new empirical ...

Wachovia made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted that its unit failed to monitor and report suspected money launde ...