3 Results from 2022
Simon Luke UK Country Manager at First AML
Many of us have seen Ozark - where dirty money is directly cleaned through a casino - but just how much of this is based on truth? Historically casinos have been a target for money launderers. They are exposed to significant money laundering risks, including quick or high turnover of cash with minimal betting. Gaming accounts can also be used to s...
24 November 2022 /crime Business
Following the events of the last year, there has been a significant focus on the dirty money that is circulating in the UK. Institutions of all kinds – including prestigious law firms and high profile banks – have all been issued warnings, if not penalties, for not being vigilant about the risk of money laundering. The attention doesn’t stop there...
11 October 2022 /security /crime Exposing Financial Crime
Superyachts seized, banks sanctioned, and assets frozen. The Ukrainian conflict has shone a light on a problem bubbling under the surface for many years: Russian money laundering. The wealth of Russian oligarchs is nothing new. London even has a 'Red Square' of real estate primarily owned by Russian billionaires. However, as each new sanction is i...
07 June 2022 /regulation /crime Law and Finance
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