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NEWS: Dubai mulls extradition of Kinahan cartel chiefs in its efforts to move of FATF’s grey list

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NEWS: US firms again have to submit beneficial ownership information, FinCEN extends filing deadline 

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NEWS: Broker Aarna Capital fined $500K by Abu Dhabi FS authority for violating AML laws

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NEWS: Bank of America hit with cease and desist order over ‘unsafe or unsound’ AML measures

By ALISHA HOULIHAN for AMLi

IRELAND’s police Commissioner has travelled to the UAE as part of efforts to have members of the Kinahan organised crime group extradited back to Europe.

Garda (Irish National Police) Commissioner Drew Harris met with the Commander in Chief of the Dubai Police to discuss bringing members of the Kinahan family before the courts. The gang members have been based in Dubai for several years and successfully evaded arrest there despite being sanctioned by US authorities and three of them carrying $5M bounties each.

Mr Harris has travelled to the United Arab Emirates city with the organised crime commander Assistant Commissioner Justin Kelly to explore how Kinahan cartel

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NEWS: US firms again have to submit beneficial ownership information, FinCEN extends filing deadline 

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NEWS: Broker Aarna Capital fined $500K by Abu Dhabi FS authority for violating AML laws

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NEWS: Bank of America hit with cease and desist order over ‘unsafe or unsound’ AML measures

Regulatory Watch News

  • Food City Agrees to Pay over $8M to Settle False Claims Act Allegations Related to Opioid Dispensing

    US Department of Justice

    K-VA-T Food Stores Inc. doing business as Food City (Food City), a regional grocery store chain headquartered in Abingdon, Virginia, has agreed to settle the government’s allegations under the False Claims Act (FCA) related to its dispensing of opioids and other controlled substances. Under the settlement, Food City will pay the United States $8,488,378. Food City will pay an additional $78,621 to the states of Virginia and Kentucky for claims paid to Food City by state Medicaid programs.

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