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On 6 April 2023, Italy confiscated a mansion owned by Maikel Moreno, registered in the name of his wife Debora Menicucci, with a value equivalent to 6 million dollars, as the result of an investigation by the Guardia di Finanza on an alleged case of money laundering in the purchase of the villa.
The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.
The bank, which had laundered $60 million for Kattan in 1981 alone, [13] entered a guilty plea in 1984 in connection with laundering a total of $94 million. [14] The operation was generally successful at leading to prosecutions, [1] [3] and fragmented the drug trade. [2] By the end of October 1982, the operation led to 125 arrests. [6]
Javier Mascherano was reportedly flagged for money laundering for more than $1 million in transactions by his British Virgin Islands-registered company, Alenda Investments Ltd. [43] The FinCEN Files implicate former Mexican president Enrique Peña Nieto in money laundering. [ 44 ]
FinCEN organization chart. As of November 2013, FinCEN employed approximately 340 people, mostly intelligence professionals with expertise in the financial industry, illicit finance, financial intelligence, the AML/CFT (anti-money laundering / combating the financing of terrorism) regulatory regime, computer technology, and enforcement". [9]
The Money Laundering Control Act of 1986 (Public Law 99-570) is a United States Act of Congress that made money laundering a federal crime. It was passed in 1986. It consists of two sections, 18 U.S.C. § 1956 and 18 U.S.C. § 1957. It for the first time in the United States criminalized money laundering.
In February 2018, the demise of ABLV Bank triggered a debate on the structure of Anti-Money Laundering (AML) supervision in the European Union. A few weeks later, ECB Supervisory Board chair Danièle Nouy declared that it is “very embarrassing to depend on the United States to do the [AML] job.
The company has acquired a total of $88.2 million through three series of venture capital funding. [11] In October 2016, the company raised $8.2 million Series A funding. [ 12 ] [ 13 ] It then raised $30 million in Series B and $50 million in Series C in January 2019 and July 2020, respectively. [ 14 ]