10th September 2018
Europe needs a single agency to tackle money laundering, European Central Bank board member Benoit Coeure said on Friday after recent cases at European Union banks that have exposed gaps in the bloc’s ability to prevent financial crime. “We support any initiative that leads to a more harmonized and… Read More
22nd August 2018
Former Argentine President Cristina Fernandez agreed on Tuesday to allow investigators to search properties belonging to her as part of a corruption case in which construction company executives have said they paid bribes for government contracts. The scandal is of importance to next year’s presidential election, in which leftist Fernandez… Read More
7th August 2018
Argentine prosecutors questioned a construction executive related to President Mauricio Macri on Monday as part of a sprawling investigation into bribe payments made to the former government, a person close to the case told Reuters. Angelo Calcaterra, the former head of construction company Iecsa and Macri’s cousin, told prosecutors he… Read More
17th November 2017
By Ed Malyon, Independent A former Argentine football official killed himself on Tuesday, the same day that he was accused of taking bribes during the second day of a Fifa corruption trial that began in New York this week. Jorge Delhon, an executive with the Argentine government’s Football For… Read More
16th November 2017
By Oliver Laughland, Guardian A senior Fifa official took at least $1m in bribes to vote for Qatar to host the 2022 World Cup, a witness testified in court on Tuesday, as part of a broad investigation into corruption at Fifa. Julio Grondona, a senior vice-president at Fifa and head… Read More
15th November 2017
By Oliver Laughland, Guardian Some of the world’s largest broadcasters, including Fox Sports, were involved in bribe payments to Fifa officials in order to secure the broadcast rights to major South American football tournaments, a key witness in the investigation into corruption at football’s governing body has told a federal… Read More
14th September 2017
The credit report provider Equifax has been accused of a fresh data security breach, this time affecting its Argentine operations. Cyber-crime blogger Brian Krebs said that an online employee tool used in the country could be accessed by typing “admin” as both a login and password. Read More
4th August 2017
Argentina’s supreme court has ended an investigation into President Mauricio Macri’s role in two offshore companies named in the massive leak of law firm documents known as the Panama Papers. The court understood that the case should be investigated as a tax evasion matter, not as money laundering. Read More
2nd August 2017
The top prosecutors of Brazil and Argentina are accusing their governments of interfering in the creation of a joint anti-corruption task force to investigate bribes by the Odebrecht engineering group so that politicians, many of whom are under investigation, can themselves control the exchange of evidence. Brazil’s Prosecutor General Rodrigo… Read More
7th June 2017
The South American Football Confederation (CONMEBOL) on Tuesday formally accused two of its ex-presidents of embezzlement, money laundering, forgery and other criminal charges lodged with Paraguayan prosecutors. It said in a statement that it was pressing the charges against Nicolas Leoz and Eugenio Figueredo. Both have already been indicted in the… Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More