Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

EU/Europe, Financial Crime, Fraud

NEWS: Siblings jailed in €4.5M ‘Cash Compensation’ money laundering case 

Premium March 5, 2025

FIU Netherlands on how the cash compensation money laundering scheme works

Picture of the Manchester criminals involved in drug trafficking and money laundering Premium

NEWS: Wigan drugs and money laundering gang jailed for over 40 years

Warning from UBS audit on bank's statements

LATEST: UBS auditor warns over bank’s financial reporting controls

 Premium

NEWS: Kuwait pension fund’s $1 billion corruption lawsuit begins in UK court

By PAUL O’DONOGHUE, Senior Correspondent

A DUTCH court has sentenced a brother and sister to prison for shifting €4.5 million through a money laundering scheme known as ‘cash compensation’.

The court handed the sister a five-year sentence and the brother four years.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Picture of the Manchester criminals involved in drug trafficking and money laundering Premium

NEWS: Wigan drugs and money laundering gang jailed for over 40 years

Warning from UBS audit on bank's statements

LATEST: UBS auditor warns over bank’s financial reporting controls

 Premium

NEWS: Kuwait pension fund’s $1 billion corruption lawsuit begins in UK court

Regulatory Watch News

  • BaFin warns consumers about services offered by the company EmexFunding

    BaFin

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the company EmexFunding and the services it is offering. BaFin suspects the unknown operators of the website emexfunding.com of offering consumers financial, investment and cryptoasset services without the required authorisation.

  • Detecting, Disrupting and Investigating Online Child Sexual Exploitation

    FATF

    Online child sexual exploitation (OCSE) - the use of the internet to carry out or facilitate the sexual exploitation of children - is rapidly becoming a dominant, complex, cyber-enabled, victim-based crime trend. These offences have a devastating, severe and long-lasting consequence on victims and their families. This landmark report draws on case studies and expertise from across the FATF’s Global Network. It aims to provide an updated and more precise understanding of the financial flows behind these heinous crimes and enhance both the private and public sectors’ ability to detect, disrupt and investigate online child sexual exploitation.

  • EFCC Arraigns Woman for Alleged N6.8m Romance Scam in Maiduguri

    EFCC

    The Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission,  EFCC,  on Monday, March 17, 2025 arraigned one Catherine Ijeoma Ugwu before Justice Aisha Kumaliya of the Borno State High Court Maiduguri. The defendant was arraigned on a four -count charge bordering on obtaining by false pretence, criminal misappropriation and cheating by impersonation to the tune of N6, 815,300.00 (Six Million Eight Hundred and Fifteen Thousand Three Hundred Naira only).

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us