Tag: AML

Regulatory Watch News

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  Japanese Yakuza Leader Pleads Guilty To Nuclear Materials Trafficking, Narcotics, And Weapons Charges

  United States Attorney Office -Southern District of New York

  January 9, 2025

  Edward Y. Kim, the Acting United States Attorney for the Southern District of New York; Matthew G. Olsen, the Assistant Attorney General for National Security; and Anne Milgram, the Administrator of the U.S. Drug Enforcement Administration (“DEA”), announced today that TAKESHI EBISAWA pled guilty in Manhattan federal court to conspiring to traffic nuclear materials, including uranium and weapons-grade plutonium, from Burma to other countries, as well as to international narcotics trafficking and weapons charges.  EBISAWA pled guilty today before U.S. District Judge Colleen McMahon.

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  Billionaire Internet Fraudster Bags Two Years in Abuja

  EFCC

  January 9, 2025

  The Economic and Financial Crimes Commission, EFCC,  has secured the conviction of one Chima Hyginus Nkwocha, a.k.a "Young Billionaire," for cheating by impersonation and money laundering. Nkwocha was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on a two-count charge bordering on cheating by impersonation and money laundering.

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  Greentube Alderney Limited to pay £1m for regulatory failures

  Gambling Commission

  January 9, 2025

  Online gambling business Greentube Alderney Limited, trading as Admiral Casino, is to pay £1 million after a Commission investigation revealed social responsibility and anti-money laundering failures.

  The operator, which runs admiralcasino.co.uk, will pay the money to socially responsible causes as part of a settlement with the Commission.