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Swiss Money Laundering Reports soared by 25% last year, with suspected fraudulent pandemic payments responsible

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NEWS: EBA warning for crypto firms in Europe – new AML rules apply from 1 January 2025

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NEWS: FCA pushes back against report calling watchdog ‘opaque and unaccountable’

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NEWS: TD Bank suspends forecast ahead of challenging 2025 amid money-laundering probe

By Elizabeth Hearst for AMLi Reports to the Swiss Money Laundering Reporting Office (MROS) increased by 25% in 2020, according to its annual report published on Tuesday.  Authorities have indicated that this marked increase is due to the reporting of fraudulent Coronavirus Pandemic Payments in the country.  The body states it had received 5,334 reports…

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NEWS: EBA warning for crypto firms in Europe – new AML rules apply from 1 January 2025

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NEWS: FCA pushes back against report calling watchdog ‘opaque and unaccountable’

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NEWS: TD Bank suspends forecast ahead of challenging 2025 amid money-laundering probe

Regulatory Watch News

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    US Department of Justice

    McKinsey and Company Africa (Pty) Ltd (McKinsey Africa), which operates in South Africa as a wholly owned and controlled subsidiary of international consulting firm McKinsey & Company Inc. (McKinsey), will pay over $122 million to resolve an investigation by the Justice Department into a scheme to pay bribes to government officials in South Africa between 2012 and 2016. The guilty plea of a former McKinsey senior partner who participated in the bribery scheme was also unsealed. The Justice Department’s resolution is coordinated with prosecutorial authorities in South Africa.

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  • How Abdulfatah Ahmed, Ex-Kwara Governor Allegedly Misappropriated N5bn UBEC Fund: Witness

    EFCC

    The trial of the immediate past Governor of Kwara State, Alhaji Abdulfatah Ahmed and his Finance Commissioner, Ademola Banu over alleged stealing and mismanagement of public funds to the tune of N5.78billion got underway on Wednesday, December 4, 2024 before Justice Mahmud Abdulgafar of the Kwara State High siting in Ilorin.

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