Anti-Financial Crime & Financial Crime Compliance
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AML, Asia-Pacific, EU, EU/Europe, Financial Crime

NEWS: Laundering concern blocked  Asian company’s transfer of $500M funds into EU

An Asian billionaire’s plan to move $500MN (€455M) in funds using an Irish company was halted after it was uncovered during an anti-money laundering investigation. 

The unnamed billionaire was moving the funds between companies in Ireland, Switzerland, Mauritius, and the British Virgin Islands in 2021.

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