Backpage.com CEO & shareholders criminally charged with money laundering

CEO & Shareholders Charged The Attorney General of California announced today that her office has filed new criminal charges against the CEO of Backpage.com and two of its controlling shareholders, charging them with 26 counts of money laundering and 13 counts of pimping children out for prostitution in connection with the website Backpage.com. According to [...]

Vietnam improves its government anti-corruption and anti-money laundering supervision

By Christine Duhaime Follow @cduhaime Slowing Addressing Money Laundering Issues The Government of Vietnam, through its State Bank, announced late last week that it was improving its anti-money laundering and anti-corruption supervisory regime by implementing changes to the functions, responsibilities and structure of the Banking Supervision Agency (“BSA“). Effective August 1, 2014, a separate higher [...]