Tag: Terrorism Financing

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NEWS: AML leaders call for terrorism finance crackdown at ‘No Money For Terror’ conference

NEWS: FATF warns countries have to use financial intelligence to fight terrorism

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NEWS: European AML leaders meet in Warsaw to discuss ML/TF challenges

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Slovakia has ‘steady’ improvements in fight against money laundering: MONEYVAL report

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NEWS: Money laundering risks in digital euro must be addressed in a ‘constructive’ way, says EU financial services Commissioner

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NEWS: HKMA Hong Kong fines Cathay United Bank Company HK$11M (€1.4M) for AML breaches

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LATEST: UAE launches new regulations for reporting real estate transactions to tackle dirty money

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LATEST: Europol warns of increased use of crowdfunding and crypto by terrorist financiers in latest report

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Head of Estonian FIU says we are ‘globally failing’ to fight perpetrators in ML and TF

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IMF praises UAE’s attempt to fight money laundering – report

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INSIGHT: Israel’s AML chief describes tearing down money-laundering operations; she says ‘follow the money’ as all transactions leave footprints

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UAE to assess risk of banned weapon funding as it waits for FATF decision on grey list

Executive Vice President of Insurance Brokerage Pleads Guilty in $133M Affordable Care Act Fraud Scheme
US Department of Justice
April 19, 2025
A Florida executive pleaded guilty today for his role in a scheme to submit fraudulent applications to enroll consumers in Affordable Care Act insurance plans (ACA plans) that were fully subsidized by the government. The purpose of the scheme was to obtain millions of dollars in commission payments from the insurance company that operated the ACA plans. The federal government paid at least $133,900,000 in subsidies for fraudulently enrolled individuals.
Man convicted of trying to smuggle £1m in suitcases out of UK
National Crime Agency
April 18, 2025
A man who was stopped at Heathrow Airport with £1m in two suitcases has admitted money laundering following a National Crime Agency investigation. Mazen Al Shaar, 48, was stopped by Border Force officers on Saturday 15 March this year as he was about to fly from Terminal Three to Beirut.
Treasury Targets International Bank of Yemen for Support to the Houthis
OFAC
April 18, 2025
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Yemen-based International Bank of Yemen Y.S.C. (IBY) for its financial support to Ansarallah, commonly known as the Houthis, which is part of the Iran threat network. As part of this designation, OFAC is also sanctioning key leaders or officials of IBY, Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi, and Abdulkader Ali Bazara. The designation of IBY complements the whole-of-government effort to stop Iran-backed Houthi attacks against commercial shipping in the Red Sea.