trade based money laundering | Duhaime's Anti-Money Laundering & Financial Crime News

The Chinese Way – the impact of China’s anti-corruption campaign on trade-based money laundering and Macau casinos

Tweet Money Laundering Bulletin in the UK has a good articleÂ out today on the anti-corruption drive in China and its impact on the casinos in Macau, which explores the anti-money laundering lapses and lack of legislation in the gambling industry in Macau, and the corresponding increase of trade-based money laundering in China. Trade-based money laundering […]

U.S. Attorney files complaint against Lebanese Canadian Bank in trade-based money laundering case

Tweet The U.S. Attorney has filed a money laundering complaint commencing an in rem forfeiture action against the Lebanese Canadian Bank and others, seeking penalties of US$446 million in connection with what it says was a money laundering scheme operated by the Bank. As part of the alleged scheme, funds were transferred from Lebanon to the […]