A new strategy for treating nets. Part 1: formulation and dosage. (1/70)

The conventional dosages of pyrethroid insecticides on mosquito nets assume that nets will be retreated at 6-12 month intervals. However, dosage should be related to washing of nets; if nets are only washed once or twice a year, their dosage requirements will be different to those which are washed fortnightly. A 'low-dose, frequent-wash' retreatment system might be technically more appropriate and more affordable where nets are washed frequently, as they are in Dar es Salaam. Moreover, for use as a domestic insecticide, water-based formulations of pyrethroid are preferable to the more commonly used emulsifiable concentrates (ECs). This paper reports laboratory evaluations of three formulations (ECs, Flowable, CS) of three pyrethroids (deltamethrin, lambdacyhalothrin, permethrin). Insecticidal activity was tested using serial bioassays at a range of dosages using Anopheles gambiae. The water-based formulations were no less effective than the ECs, even at the lowest dosages. Nets treated with 3 mg/m2 and then repeatedly washed and retreated after each wash with either 3 mg/m2 or 1 mg/m2 were subjected to gas chromatography analysis. This showed that the amounts of pyrethroid in the nets accumulated rapidly over the first few wash-retreatment cycles and then remained fairly stable over subsequent cycles. These nets gave consistently high bioassay mortalities throughout the experiment, while the mortality declined rapidly after several washes with the nets that were treated at 3 mg/m2 but not retreated. Experimental huts were used to compare the effectiveness of these 2 net retreatment regimes and nets which were not retreated. All nets caused high mortality rates amongst Anopheles females, but had negligible effects on culicines; either in killing them or in preventing feeding. Therefore use of a high 'loading' dose for initial treatment with lower 'maintenance' doses for retreatment may be preferable to ensure that net users promptly perceive the benefits of the insecticide against culicines.  (+info)

A new strategy for treating nets. Part 2: users' perceptions of efficacy and washing practices and their implications for insecticide dosage. (2/70)

The conventional way to treat a mosquito net with pyrethroid insecticide is to apply a standard dosage every 6-12 months, and to avoid washing the net until just before retreatment. In some places, nets are normally washed much more often than this, and it may then be more appropriate to apply smaller amounts of insecticide after each wash. The choice of strategy must take into account not only biological effectiveness, but also users' perceptions of this effectiveness and their net-washing habits. We used focus groups to compare users' responses to nets treated with different dosages and chemicals. One hundred current net users in urban Dares-Salaam were each given a net that had been pretreated either with permethrin (200 or 500 mg/m2), or with lambdacyhalothrin (3 or 15 mg/m2), or with water. Neither participants nor investigators knew which group had received which treatment. Focus group discussions were held after 2, 8 and 12 weeks. Participants greatly preferred treated nets. Low doses were perceived to be less effective, especially after 8 and 12 weeks. After 12 weeks most participants had washed their nets, despite requests to the contrary Dirty nets were regarded as unhealthy and socially unacceptable. Few participants experienced side-effects or expressed fears about the safety of treatment. We conclude that asking people to refrain from washing their nets is unrealistic. A 'low-dose frequent-treatment' strategy of insecticide application may be more appropriate in the long run. At first, however, low doses give perceptibly inferior protection. An initial high (loading) dose, followed by frequent lower (maintenance) dosages, might solve this problem.  (+info)

Hospital laundry workers--an at-risk group for hepatitis A? (3/70)

Twenty-two laundry personnel at St. Luke's Hospital, Malta, were tested for seropositivity to hepatitis A together with 37 nursing aides working in paediatric and infectious disease wards, matched for age, who were used as controls. IgG antibodies were found in 54.5% of laundry workers and 13.5% of nursing aides [odds ratio (OR) = 7.68; 95% confidence interval (CI) = 1.87-33.83]. Furthermore, laundry personnel consistently handling dirty linen prior to washing showed an OR of 16.50 (CI = 1.19-825.57) as compared with colleagues handling only clean items. These results would suggest that the increased exposure of hospital laundry workers to potentially infected linen can constitute a risk of occupational hepatitis A for this group of employees.  (+info)

Bacterial survival in laundered fabrics. (4/70)

Bacterial survival was determined in linens (i) inoculated with Staphylococcus auerus (ii), taken from hospital isolation patients' beds, and (iii) used by students in their homes. Two different washers using temperatures of 38, 49, 54 and 60 C, respectively, for different times were empolyed along with a commercial tumbler dryer. Findings, after macerating the linens in Waring blender and enumerating on nonselective media, indicate that acceptable levels of survivors can be acheived in motel and hotel linens by an 8- to 10-min wash cycle at 54 C followed by adequate drying. However, it is recommended that a wash cycle with 60 C for 10 to 13 min be employed for linens in health care factilities. The microbial significance of various laundering practices is discussed.  (+info)

Exposure to Schistosoma mansoni infection in a rural area of Brazil. I: water contact. (5/70)

The study of water contact patterns in rural Brazil presents unique challenges due to widely dispersed settlement patterns, the ubiquity of water contact sites, and the privatization of water resources. This study addresses these challenges by comparing the two most widely used methods of assessing water contact behaviour: direct observation and survey. The results of a 7-day direct observation of water contact were compared with water contact surveys administered 1 week after and then 1 year after the direct observation study. The direct observation study recorded a water contact rate higher than reported by other investigators (3.2 contacts per person per day); however, 75% of these contacts were for females and consisted mainly of domestic activities occurring around the household. A comparison of the frequency of water contact activities between the direct observation and the two surveys revealed several important points. First, no significant differences were found between methods for routine water contact activities (e.g. bathing), indicating that participants were able to accurately self-report some types of water contact activities. Second, significant differences were found in the recording of water contact activities that took place outside the observation area, indicating that direct observation may under-report water contact activities in areas where contact sites are dispersed widely. Third, significant differences between the direct observation and the survey method were more common for males than for females, indicating that the combination of widespread water contact sites and gender-specific division of labour may result in under-reporting of male contacts by direct observation methods. In short, despite the limitations in the recording of duration and body exposure, the survey method may more accurately record the frequency of water contact activities than direct observation methods in areas of widely dispersed water contact sites. Hence, surveys may be more suitable for the unique challenges of water contact in rural areas of Brazil.  (+info)

Cloning of a phenol oxidase gene from Acremonium murorum and its expression in Aspergillus awamori. (6/70)

Fungal multicopper oxidases have many potential industrial applications, since they perform reactions under mild conditions. We isolated a phenol oxidase from the fungus Acremonium murorum var. murorum that was capable of decolorizing plant chromophores (such as anthocyanins). This enzyme is of interest in laundry-cleaning products because of its broad specificity for chromophores. We expressed an A. murorum cDNA library in Saccharomyces cerevisiae and subsequently identified enzyme-producing yeast colonies based on their ability to decolor a plant chromophore. The cDNA sequence contained an open reading frame of 1,806 bp encoding an enzyme of 602 amino acids. The phenol oxidase was overproduced by Aspergillus awamori as a fusion protein with glucoamylase, cleaved in vivo, and purified from the culture broth by hydrophobic-interaction chromatography. The phenol oxidase is active at alkaline pH (the optimum for syringaldazine is pH 9) and high temperature (optimum, 60 degrees C) and is fully stable for at least 1 h at 60 degrees C under alkaline conditions. These characteristics and the high production level of 0.6 g of phenol oxidase per liter in shake flasks, which is equimolar with the glucoamylase protein levels, make this enzyme suitable for use in processes that occur under alkaline conditions, such as laundry cleaning.  (+info)

Effects of physical interventions on house dust mite allergen levels in carpet, bed, and upholstery dust in low-income, urban homes. (7/70)

House dust mite allergen exposure is a postulated risk factor for allergic sensitization, asthma development, and asthma morbidity; however, practical and effective methods to mitigate these allergens from low-income, urban home environments remain elusive. The purpose of this study was to assess the feasibility and effectiveness of physical interventions to mitigate house dust mite allergens in this setting. Homes with high levels of house dust mite allergen (Der f 1 + Der p 1 > or = 10 microg/g dust by enzyme-linked immunosorbent assay) in the bed, bedroom carpet, and/or upholstered furniture were enrolled in the study. Carpets and upholstered furniture were subjected to a single treatment of either dry steam cleaning plus vacuuming (carpet only) or intensive vacuuming alone. Bed interventions consisted of complete encasement of the mattress, box spring, and pillows plus either weekly professional or in-home laundering of nonencased bedding. Dust samples were collected at baseline and again at 3 days (carpet and upholstery only) and 2, 4, and 8 weeks posttreatment. We compared pretreatment mean allergen concentrations and loads to posttreatment values and performed between-group analyses after adjusting for differences in the pretreatment means. Both dry steam cleaning plus vacuuming and vacuuming alone resulted in a significant reduction in carpet house dust mite allergen concentration and load (p < 0.05). Levels approached pretreatment values by 4 weeks posttreatment in the intensive vacuuming group, whereas steam cleaning plus vacuuming effected a decrease that persisted for up to 8 weeks. Significant decreases in bed house dust mite allergen concentration and load were obtained in response to encasement and either professional or in-home laundering (p < 0.001). Between-group analysis revealed significantly less postintervention house dust mite allergen load in professionally laundered compared to home-laundered beds (p < 0.05). Intensive vacuuming and dry steam cleaning both caused a significant reduction in allergen concentration and load in upholstered furniture samples (p < 0.005). Based on these data, we conclude that physical interventions offer practical, effective means of reducing house dust mite allergen levels in low-income, urban home environments.  (+info)

Cancer incidence of dry cleaning, laundry and ironing workers in Sweden. (8/70)

OBJECTIVES: This study investigated the risk of cancer among dry cleaners, launderers, and pressers in a large record-linkage study in Sweden. METHODS: The Swedish Cancer Register III contains nationwide data on cancer incidence between 1971 and 1989, by occupation and industry of employment, as reported in the 1960 and 1970 censuses. Dry cleaners, launderers, and pressers were compared with the remaining part of the employed population using multivariable Poisson regression models and standardized incidence ratios. RESULTS: Dry cleaners, launderers, and pressers employed in the laundry, ironing, or dyeing industry in both censuses showed an increased risk of Hodgkin's disease [relative risk (RR) 2.69,95% confidence interval (95% CI) 1.01-7.19], an elevated risk of leukemia among women (RR 2.53,95% CI 1.44-4.46), and increased risks of stomach (RR 1.80,95% CI 1.05-3.11) and laryngeal (RR 2.42, 95% CI 0.91-6.45) cancers among men. The results of the analyses of launderers and dry cleaners as a separate occupational group reflected those of the whole exposure group, while pressers showed an elevated lung cancer risk (RR 1.67, 95% CI 0.75-3.72). CONCLUSIONS: If they are not due to chance or confounding, the results of this study reflect either the potentiation of other carcinogens by solvents or direct effects. The results are limited by the use of job and industry titles as proxies for occupational exposures.  (+info)

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Posting or postadh (Scottish Gaelic) is a term formerly used in Scotland for a process in washing clothes. It means to trample with the feet, or the act of trampling or treading. In scouring woollen clothing, blankets or coarse linen, when the strength of the arms and manual friction are found insufficient, Highland women put them in a tub with a prop - or quantity of water, then, with petticoats tucked up, they began to "post", which they continued until every part of the clothes received an effectual cleansing. When three women were employed, one usually tramped in the middle, and the other two tramped around her. Treading cloth with the feet, a time-consuming and laborious practice, has long been superseded by mechanical methods, starting in the Industrial Revolution. There is some overlap with the process of making cloth, in that both involve textiles immersed in water. The processing of woollen cloth, known in English as fulling or tucking, was "waulking" in Scots, hence the waulking songs ...
His Majesty's Revenue and Customs (HMRC) issues guidance on anti-money laundering in the UK, sharing money laundering offense ... Anti-Money Laundering (AML software) is software used in the finance and legal industries to help companies comply with the ... "The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017". Chris Holland, ... Anti-money laundering guidelines came into prominence globally after the September 11, 2001 attacks and the subsequent ...
... may refer to: Anti-Money Laundering Office (Thailand) Anti-Money Laundering Office, Executive Yuan ... AMLO (disambiguation) This disambiguation page lists articles associated with the title Anti-Money Laundering Office. If an ...
... is a problem described by professionals in 2019 as a "national crisis," and which has attracted ... To further obfuscate the funds in a money laundering process known as layering, the funds are then used to buy assets such as ... "Money laundering is a national crisis. What now?". www.cpacanada.ca. Retrieved 2022-05-09. Kane, Laura (2020-02-24). "Money ... The Vancouver Model is the name anti-money laundering experts gave to a unique model observed in Vancouver, Canada. It involves ...
The Money Laundering Control Act of 1986 (Public Law 99-570) is a United States Act of Congress that made money laundering a ... This carries a lesser penalty than money laundering, and unlike the money laundering statute, requires that the money pass ... Laundering of monetary instruments § 1957. Engaging in monetary transactions in property derived from specified unlawful ... It for the first time in the United States criminalized money laundering. Section 1956 prohibits individuals from engaging in a ...
... or Launders may refer to: Launder (surname) Launders (surname) Laundering (disambiguation), several types of washing, ... literally or metaphorically This disambiguation page lists articles associated with the title Launder. If an internal link led ...
It has been described as possibly the largest money laundering scandal ever in Europe, and as possibly the largest in world ... In 2013, US bank JPMorgan Chase halted its services to the Estonian branch of the bank, suspecting it was laundering large ... Thomas Borgen was also acquitted in a civil lawsuit related to the Danske money laundering scandal in November 2022. The value ... The Danish Parliament increased penalties for money laundering eight-fold, making them some of the toughest in Europe. All ...
The act builds upon the Bank Secrecy Act (BSA), the first anti-money laundering enforcement law. The Anti-Money Laundering ... The Anti-Money Laundering Improvement Act (AML) is a collection of regulations and laws in the United States aimed at combating ... The Anti-Money Laundering Act refers to a broader set of international and national laws and regulations aimed at combating ... From 2007 to 2014, a Danske Bank branch located in Estonia had been involved in the laundering of up to $235 billion U.S. ...
The Anti-Money Laundering Office (AMLO) is Thailand's "key agency responsible for enforcement of the anti-money laundering and ... Anti-Money Laundering Office (AMLO). Retrieved 13 April 2016. Annual Report 2016 (PDF). Bangkok: Anti-Money Laundering Office ( ... ISBN 978-616-91467-7-3. Retrieved 13 April 2016.[permanent dead link] "Anti-Money Laundering Act, B.E. 2542 (1999)" (PDF). ... Annual Report 2014 (PDF). Bangkok: Anti-Money Laundering Office (AMLO). 2015. ...
The Anti-Money Laundering Act is designed to prevent members of mafia or terrorist organizations from gaining access to ... The Anti-Money Laundering Act (AMLA) (German: Bundesgesetz über die Bekämpfung der Geldwäscherei und der ... Swiss Financial Market Supervisory Authority Money laundering fr:Cadre de la lutte anti-blanchiment dans les établissements ... under the Money Laundering Act, when they set up, manage or administer shell companies or trusts. Currently, advisors are only ...
The Anti-Money Laundering Council (AMLC) is the agency of the Government of the Philippines that is tasked to implement the ... To ensure that the Philippines shall not be used as a money laundering site for the proceeds of any unlawful activity. To ... 9160 - Anti-Money Laundering Act (AMLA) of 2001 Republic Act No. 9194 - Amending the AMLA Republic Act No. 10167 - ... 9160, also known as the "Anti-Money Laundering Act of 2001" (AMLA), as amended, and Republic Act No. 10168, also known as the " ...
Launder is engaged in the dialogue about Artist Led Culture Launder was co-founder of artist led space AREA 10 in Peckham, ... Launder is now known for his socially engaged practice as Artist Gardener and his role as co-director of Arbonauts. Dimitri ... "Dimitri Launder on the role of the artist". Run Riot. Retrieved 8 February 2019. "Artivists: a day in Peckham 8th May 2004". ... Dimitri Launder is a UK-based artist and garden designer. After graduating from Camberwell College of Arts he developed a ...
Launders retired from the Royal Navy in 1974. Launders died in 1988 of natural causes at the age of 69. According to the Royal ... Nevertheless, Launders and his crew did just that, making assumptions about U-864's defensive manoeuvers. Launders ordered the ... James Launders at unithistories.com Archived 4 February 2012 at the Wayback Machine James Launders at uboat.net (Pages ... King George VI also praised Launders, declaring him "...a fearless and skillful commander." Launders was awarded a bar to his ...
DIRICK CARVER AND JOHN LAUNDER, Foxe's Book of Martyrs, exclassics.com, retrieved 12 November 2009 "John Launder; The Steyning ... John Launder (1530-1555) was an English Protestant martyr. He was executed in 1555 during a period of religious persecutions in ... There is a memorial to John Launder in Steyning where he was martyred. The memorial is pictured on the website of Steyning ...
"Robin Hood's courageous sweetheart". Frank Launder at the BFI's Screenonline Frank Launder at IMDb Frank Launder at British ... "Frank Launder obituary". The Times. No. 65821. 24 February 1997. "BFI Screenonline: Launder and Gilliat". www.screenonline.org. ... "Frank Launder". Archived from the original on 24 October 2017. "Obituary: Frank Launder". The Independent. 24 February 1997. ... Launder also had two children from his first marriage. Under the Greenwood Tree (1929) writer Children of Chance (1930) writer ...
Launder was fired from Wisconsin in February 1997. The firing of Launder led to a review of the process Wisconsin used to ... "Launder seeks UW men's soccer job". "MLS: Crew hires Jim Launder as assistant coach". "Madison 56ers combining best of local, ... Jim Launder is an American soccer coach. He was a two-time Big Ten Coach of the Year and the 1995 NSCAA Coach of the Year. He ... In January 2003, Launder was hired to be an assistant coach for the Columbus Crew. In late 2003, he returned to Madison to ...
Launder scored a golden duck from the tailend and took figures of 2-53. Simon Launder at CricketArchive (subscription required ... Simon Launder (born 2 December 1978) was a Welsh cricketer. He was a right-handed batsman and a right-arm medium-pace bowler ... Launder, who made his Minor Counties Championship debut in 1999, made his List A debut in August 2002, against Lancashire CB, ...
Launder is a surname. Notable people with the surname include: Brian Launder (born 1939), English Professor of Mechanical ... Engineering Dimitri Launder, British artist Frank Launder (1906-1997), English film director, producer and writer Simon Launder ... born 1978), Welsh cricketer Launders (surname) This page lists people with the surname Launder. If an internal link intending ...
A free agent, Launders joined Sheffield United on trial in the autumn of 1999. Having been given a contract until the end of ... Brian Launders (born 8 June 1976) is an Irish former footballer who played as a midfielder. Born in Dublin, he began his career ... When manager Adrian Heath was sacked shortly after, Launders was still suffering from concussion following his injury and was ... ISBN 978-1-874718-69-7. Brian Launders at Soccerbase v t e (Articles with short description, Short description matches Wikidata ...
Launders is a surname. Notable people with the surname include: Brian Launders (born 1976), Irish footballer Jimmy Launders ( ... 1919-1988), British Royal Navy officer Landers (surname) Launder (surname) This page lists people with the surname Launders. If ...
B. E. Launder and D. B. Spalding, Mathematical Models of Turbulence, Academic Press (1972). B. E. Launder and N. D. Sandham, ... Launder also developed, along with his co-workers Gordon J. Reece and Wolfgang Rodi, a second order closure model, known as ... Brian Edward Launder, FRS, FREng (born 20 July 1939) is a Professor of Mechanical Engineering at the University of Manchester, ... Launder received a bachelor's degree in mechanical engineering from Imperial College, London where he came first in the class ...
These firms offer reputation laundering services, which take many forms, including..." "Reputation laundering is lucrative ... "reputation laundering" is a play on the older phrase "money laundering". According to Transparency International, reputation ... reputation laundering process". A notable example of Russian oligarchs participating in reputation laundering is Viatcheslav ... Reputation laundering occurs when a person or an organization conceals unethical, corrupt, or criminal behavior or other forms ...
The central bank has directed insurance and securities institutions to set up an anti-money laundering mechanism this year, and ... China intensified efforts to improve its anti-money laundering regime by passing an anti-money laundering law late last year ... Anti-money laundering screws tightened. By Xin Zhiming (China Daily). Updated: 2007-07-27 06:52. ... "We need the insurance and securities sectors to set up an (internal) arm and devise rules against money laundering this year," ...
AUSTRAC has identified that laundering illicit funds through real estate is an established money laundering method in Australia ... Laundering paradise?. At a lunch last year, ASIC chairman Greg Medcraft described Australia as a bit of a paradise for white ... It would appear the Taib allegations are merely the tip of Australias money-laundering iceberg. Billions in illicit money from ... A Swiss NGO went public this week with allegations that the family of prominent Malaysian Taib Mahmud​ had laundered $30 ...
... system and control changes to enhance its AML/CTF program and make it harder than ever for criminals to launder the proceeds of ... AUSTRAC announced its intention to strengthen Australias anti-money laundering (AML) and counter terrorism financing (CTF) ... to determined criminals who seek to take advantage of innovations such as digital banking and cryptocurrencies to launder dirty ...
Banks remain reluctant to perform as agents for regulators to curb money laundering. ... Banks remain reluctant to perform as agents for regulators to curb money laundering. ... Money laundering is big issue. Why the banks are not complying with SBP policies? We are still in grey list. Corona has put ... Curbing money laundering Dr Faiza Ismail , Umar Arif. Published June 1, 2020 ...
An international financial watchdog has placed Myanmar on its money-laundering watchlist, urging the country at the heart of ... However, it lacked understanding of "money-laundering risks in key areas".. In a 2018 report, the FATF found "Myanmar faces ... Myanmar added to money-laundering watchlist High degree of criminal activity including drug trade increases risks, says global ... In Fridays statement, the FATF urged Myanmar to cooperate with other countries to combat the money laundering activities of ...
The Federal Board of Revenue has apprehended one of the largest alleged case of money laundering/terror financing in which one ... ISLAMABAD: The Federal Board of Revenue has apprehended one of the largest alleged case of money laundering/terror financing in ... ISLAMABAD: The Federal Board of Revenue (FBR) has apprehended one of the largest alleged case of money laundering/terror ... of the Anti-Money Laundering Act 2010 for the period of 90 days. ... FBR unearths huge money laundering case. National. Mehtab ...
Aena is committed to and strictly abides by anti-money laundering and counter-terrorist financing laws and regulations. ... Start Shareholders and investors Financial information Tax transparency Money laundering footer-section. AENA SHARE. *Quotation ... Start Shareholders and investors Financial information Tax transparency Money laundering The company is aware that corruption ... Aena is committed to and strictly abides by anti-money laundering and counter-terrorist financing laws and regulations. ...
The money laundering regulations. The money laundering regulations guiding the County Administrative Boards work are:. *The ... The Swedish money laundering regulations are based on EUs Fourth Anti-Money Laundering Directive. The provisions in the ... The Money Laundering and Terrorist Financing Prevention Act, the Money Laundering Act, applies to businesses and legal persons ... The purpose of the money laundering regulations is to prevent businesses from being used for money laundering and terrorist ...
to undergo washing and ironing: The shirt didnt launder well. -n. *(in ore dressing) a passage carrying products of ... to remove embarrassing or unpleasant characteristics or elements from in order to make more acceptable: Hell have to launder ...
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CBA continued to give safe haven to illegal activities including money laundering, possibly even terrorism. ... If you bring in new technology, part of FATFs guidance is that you need to run the ruler over it in terms of money laundering ... For example, CBAs own anti-money laundering procedures triggered alerts on one of the accounts being used by Mr Shaffi and Mr ... But it took more than two months before this was reviewed by the banks Anti-Money Laundering Team, AUSTRAC alleges. And even ...
According to Klaas there are money laundering issues as crypto currencies come to the fore more often in cases like text fraud ... Experts convened in Mactan, Cebu to tackle challenges involving cryptocurrencies, money laundering and the risks arising from ...
Europes richest man and a Russian oligarch are being investigated for alleged money laundering at an Alpine resort known as a ... Europes richest man and a Russian oligarch are being investigated for alleged money laundering at an Alpine resort known as a ... around the tip of South America en route to Chile for the first time since 2020.Most Read from BloombergHow Suspects Laundered ...
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... Bitcoin ... Both Faiella and Shrem now face up to 20 years in prison on a charge of conspiracy to commit money laundering, as well as ... In a statement issued Monday, the Winklevosses disavowed any knowledge of the money laundering that allegedly occurred via ... including money laundering laws -- and we expected nothing less, they said, noting that the company itself hadnt been named ...
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Learn about methods of money laundering, infamous money laundering operations and the effects of money laundering. ... Money laundering happens in almost every country in the world. ... Fighting Money Laundering ". " Stopping the flowof laundered ... The 1986 Money Laundering Control Act makes money laundering a crime in itself instead of just an element of another crime, and ... They launder the money so authorities cant trace it back to them and foil their planned attack. Interrupting the laundering ...
... make sure you do not become involved in Trade-Based Money Laundering (TBML) unnoticed. ... This form of money laundering is an increasingly common problem, with criminals laundering money through international trade ... Trade-Based Money Laundering. If you do business internationally, make sure you do not become involved in Trade-Based Money ... In countries with weak governance, low transparency and/or high levels of corruption, money laundering is more common. The ...
Five people and two U.S. honey processors were charged with federal crimes last week as a result of an investigation into illegal importation of honey from China, known as "Honeygate," led by the U.S. Immigration… ...
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Nations Biggest Honey Packer Admits Laundering Chinese Honey : The Salt Two giant honey packers have admitted to buying ...
Most countries have adopted anti-money laundering laws during the last twenty years, but growing evidence shows widespread ... To test this, I have collected a new dataset of money laundering cases based on international news coverage. At the state level ... For both states and financial institutions, I find no evidence that news of a money laundering case causes reputational harm. ... Keywords: money laundering, financial institutions, reputation, international cooperation, international political economy. JEL ...
... activities to combat money laundering - which is often tied to criminal activities like smuggling, terrorist financing and ... Anti-Money Laundering in Todays World. Money laundering exacts substantial costs to individuals and institutions and can have ... Technology & Anti-Money Laundering. A successful anti-money laundering program involves using data and analytics to detect ... 5 game changers to fight money laundering. To move to the next level of anti-money laundering, you need a tightly focused ...
Danske Bank is using artificial intelligence to help it prevent a repeat of the huge money laundering scandal that hit one of ... Money laundering was back at the top of the agenda recently when the EUs Fourth Anti-Money Laundering Directive came into ... Read more about the battle against money laundering. *Danske Bank improves its anti-money laundering software, utilising ... Money laundering was recently headline news when leaked documents revealed that banks including HSBC, Barclays and Standard ...
Money laundering and terrorist financing. Money laundering and terrorist financing. Updated 25 November 2019 (Date first ... The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) came ... Has an unusual level of knowledge about money laundering processes.. *Does not appear to have a business association with the ... do not facilitate money laundering or terrorist financing. This notice highlights warning signs which you should be aware of, ...
... also makes them highly attractive for illicit actors who take advantage of a more relaxed oversight to launder the proceeds of ... Money Laundering vulnerabilities of Free Trade Zones Filename. ML vulnerabilities of Free Trade Zones.pdf. ... Inter Governmental Action Group against Money Laundering in West Africa (GIABA) * Middle East and North Africa Financial Action ... Through a series of cases studies, this report aims to illustrate the ways in which FTZs can be misused for money laundering ...
Salinas with money laundering and "illegal enrichment." It has been reported that he was acquitted of one money laundering ... Laundering DATE: 10/30/98 SUBJECT: Banking law Banking regulation Law enforcement Money laundering Organized crime Bank ... AND ALLEGED MONEY LAUNDERING GAO/OSI-99-1 Raul Salinas, Citibank, and Alleged Money Laundering (600459) Abbreviations ... Salinas for money laundering and drug trafficking has confirmed the accuracy of our investigative findings concerning the flow ...
... activities to combat money laundering - which is often tied to criminal activities like smuggling, terrorist financing, and ... Anti-Money Laundering in Todays World. Money laundering exacts substantial costs to individuals and institutions and can have ... Technology & Anti-Money Laundering. A successful anti-money laundering program involves using data and analytics to detect ... 5 game changers to fight money laundering. To move to the next level of anti-money laundering, you need a tightly focused ...
  • I haven't run into anyone trying to launder money for the reasons I assume you ask," said Buzzy Lynch from Venezuelan sportsbook, TopCatSports. (casinocitytimes.com)
  • In parallel, Deloitte helped to advise on process, system and control changes to enhance its AML/CTF program and make it harder than ever for criminals to launder the proceeds of crime through the bank. (deloitte.com)
  • JAKARTA: An international financial watchdog has placed Myanmar on its money-laundering watchlist, urging the country at the heart of the drug-producing "Golden Triangle" to boost its efforts to seize crime proceeds. (bangkokpost.com)
  • However, the absence of strict regulations and transparency of the FTZs which is beneficial for legitimate businesses, also make them highly attractive for illicit actors who take advantage of this relaxed oversight to launder the proceeds of crime and finance terrorism. (fatf-gafi.org)
  • Identify the methods used to move and launder the proceeds the crime and/or finance terrorism using FTZs. (fatf-gafi.org)
  • Money laundering involves an attempt to hide or conceal the original proceeds of a crime. (finra.org)
  • While money laundering is most often associated with drug trafficking, it can involve the proceeds of many crimes, including securities fraud,market manipulation, identity theft and racketeering. (finra.org)
  • Generally, AML rules are designed to identify and stop attempts to use brokerage accounts to launder criminal activity proceeds or to finance terrorism. (finra.org)
  • The indictment read that Robinson purportedly "knew and believed that some of the laundered funds were the proceeds of…a controlled substance," according to the Associated Press . (allhiphop.com)
  • But this very feature also makes it increasingly attractive to determined criminals who seek to take advantage of innovations such as digital banking and cryptocurrencies to launder dirty money and finance drugs, sex trafficking, terrorism and worse. (deloitte.com)
  • Lisa Dobbin , Deloitte Australia's Financial Crime Leader, says, "In 2021, AUSTRAC announced its intention to strengthen Australia's anti-money laundering (AML) and counter terrorism financing (CTF) laws. (deloitte.com)
  • Anti-money laundering is closely related to counter-financing of terrorism (CFT), which financial institutions use to combat terrorist financing. (sas.com)
  • AML regulations combine money laundering (source of funds) with terrorism financing (destination of funds). (sas.com)
  • The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism has been reviewing Malta's financial laws and their enforcement since last year. (timesofmalta.com)
  • Moneyval, a permanent monitoring body of the Council of Europe, assesses compliance with the principal international standards to counter money laundering, terrorism financing, and the effectiveness of their implementation. (timesofmalta.com)
  • The Expert Group is the hemispheric forum to discuss, analyze and draft policies to deal with money laundering and the financing of terrorism. (oas.org)
  • This report provides a summary of the anti-money laundering and combating financing of terrorism (AML/CFT) measures in place in Moldova as at the date of the on-site visit from 1 to 12 October 2018. (fatf-gafi.org)
  • This included introducing legislative measures to curb money-laundering and new regulations for its cash-based remittance system. (bangkokpost.com)
  • Aena is committed to and strictly abides by anti-money laundering and counter-terrorist financing laws and regulations. (aena.es)
  • Aena is committed to implementing a compliance system with customer identification procedures in order to comply with anti-money laundering regulations. (aena.es)
  • The purpose of the money laundering regulations is to prevent businesses from being used for money laundering and terrorist financing. (lansstyrelsen.se)
  • The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) came into force on 26 June 2017 replacing the Money Laundering Regulations 2007. (sra.org.uk)
  • It is not unusual for people to assume that money laundering primarily happens in countries with inadequate legal frameworks, porous regulations, long-standing corruption and weak rule of law. (theglobeandmail.com)
  • It provided the institutions with further details of its expectations in relation to the money laundering regulations, including in consultation with the self-regulatory organisations responsible for the money laundering supervision of numerous providers. (finma.ch)
  • In the year under review, FINMA analysed a variety of business activities that banks were planning to introduce in this area and reviewed these with a particular focus on compliance with the money laundering regulations. (finma.ch)
  • During its discussions with the SROs, it also addressed the money laundering regulations that apply to the exchange of cryptocurrencies. (finma.ch)
  • Through this expert group, which was founded in 1990 under the Legal Development Unit, the Model Regulations on Money Laundering Offenses Related to Drug Trafficking and Other Criminal Offenses were drafted and approved in 1992. (oas.org)
  • China intensified efforts to improve its anti-money laundering regime by passing an anti-money laundering law late last year and issuing rules on checking the possible flow of funds for terrorists last month. (chinadaily.com.cn)
  • The decision on Friday by the Financial Action Task Force (FATF) to include Myanmar on its "grey list", puts the country on notice to make good on a "high-level" commitment to strengthen its anti-money laundering regime. (bangkokpost.com)
  • International experts are expected to deliver a poor assessment of Malta's anti-money laundering regime, The Sunday Times of Malta has learnt. (timesofmalta.com)
  • As early as 2010 former cabinet minister Rich Coleman heard concerns from the Gambling Policy and Enforcement Branch but received reassurances from BC Lottery that the Crown corporation had a strong and effective anti-money laundering regime. (thetyee.ca)
  • The most common types of criminals who need to launder money are drug traffickers, embezzlers, corrupt politicians and public officials, mobsters , terrorists and con artists . (howstuffworks.com)
  • Drug traffickers are in serious need of good laundering systems because they deal almost exclusively in cash , which causes all sorts of logistics problems. (howstuffworks.com)
  • Human traffickers, terrorists and drug traffickers launder money almost invisibly through Canadian financial institutions, but as the commission's final report put it , "Money laundering has, as its origin, crime that destroys communities. (theglobeandmail.com)
  • Therefore, for the purpose of proper investigation of the said accounts, the Special Court of Taxation ordered to attach and freeze accounts provisionally u/s 8(1) of the Anti-Money Laundering Act 2010 for the period of 90 days. (com.pk)
  • The procedures that we have in place to monitor 'suspicious' transactions (i.e. transactions over a certain amount) will ensure any customer falling into this category that may appear to be laundering funds is immediately referred to the States of Alderney for investigation," she explained. (casinocitytimes.com)
  • Top official sources at FBR confided to The News on Friday that they received complaints of alleged money laundering and terror financing and kick-started formal investigation against 36 to 40 cases. (com.pk)
  • For financial institutions, I use the event study method to test whether the price of a financial institution's security decreases following news of a money laundering investigation. (ssrn.com)
  • Meanwhile in 2017 , Citigroup agreed to pay almost $100m and admitted to criminal violations as it settled an investigation into breaches of anti-money laundering rules involving money transfers between the US and Mexico. (computerweekly.com)
  • Hours earlier, Standard Chartered PLC, another British bank, signed an agreement with New York regulators to settle a money laundering investigation involving Iran with a $340 million payment. (salon.com)
  • Last summer, a Senate investigation concluded that HSBC's lax controls exposed it to money laundering and terrorist financing. (salon.com)
  • Rapper Ja Rule's manager Ron "Gutta" Robinson of Murder Inc. was arrested and indicted on money laundering charges Wednesday (Nov. 17) as federal prosecutors continue an investigation into the record label's possible involvement with drug dealers. (allhiphop.com)
  • This type of investigation comes under money laundering legislation, he explained. (swissinfo.ch)
  • But this is not directly a money laundering investigation. (swissinfo.ch)
  • In April 2020, Swedbank announced it was overhauling its AML IT infrastructure in the wake of a highly critical report that identified deficient AML detection, control and customer validation systems as the key factors that contributed to the Swedish bank's systematic failure to prevent money laundering-related transactions in its Baltic subsidiaries . (computerweekly.com)
  • The County Administrative Board has supervisory responsibilities over certain businesses and organisations under the Money Laundering and Terrorist Financing Prevention Act. (lansstyrelsen.se)
  • We check that businesses and organisations take adequate measures to prevent their operations from being used for money laundering or terrorist financing. (lansstyrelsen.se)
  • The Money Laundering and Terrorist Financing Prevention Act, the Money Laundering Act, applies to businesses and legal persons (entrepreneurs) in certain sectors. (lansstyrelsen.se)
  • The firms must adapt their measures to counteract money laundering and terrorist financing to the risks. (lansstyrelsen.se)
  • In the work to counteract money laundering and terrorist financing, you, as a business owner, have an obligation to assess the risks of your business being used for money laundering or terrorist financing. (lansstyrelsen.se)
  • Getting to know your customer or client before a transaction is made, or before any business relations are established, is an important measure to take in the work to counteract money laundering and terrorist financing. (lansstyrelsen.se)
  • When you perform a general risk assessment you must take into account the properties of the businesses' products or services that may be vulnerable to money laundering or terrorist financing attempts. (lansstyrelsen.se)
  • Identify factors that affect the risk of the products being used for money laundering or terrorist financing. (lansstyrelsen.se)
  • Under the Financial Supervision Act (Wft) and the Prevention of Money-Laundering and Terrorist Financing Act (Wwft), Rabobank is tasked with detecting and combating financial crime. (rabobank.nl)
  • The Financial Crimes Enforcement Network is now the designated administrator of the BSA - with a mission to 'safeguard the financial system from the abuses of financial crime, including terrorist financing, money laundering and other illicit activity. (sas.com)
  • Your firm should have appropriate policies and procedures in place to protect it from being used for money laundering or terrorist financing as per requirements 2.1(a) and 2.5 of the Code of Conduct for Firms. (sra.org.uk)
  • Being aware of these indicators or warning signs of money laundering and terrorist financing should assist you in applying a risk-based approach to meeting your obligations under the MLR 2017 and other money laundering legislation. (sra.org.uk)
  • Through a series of cases studies, this report aims to illustrate the ways in which FTZs can be misused for money laundering and terrorist financing purposes. (fatf-gafi.org)
  • Identify the money laundering and terrorist financing threats and vulnerabilities associated with FTZs. (fatf-gafi.org)
  • The Act was designed to help prevent and detect money laundering and terrorist financing. (finra.org)
  • Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. In practice, criminals are trying to disguise the origins of money obtained through illegal activities so it looks like it was obtained from legal sources. (howstuffworks.com)
  • This form of money laundering is an increasingly common problem, with criminals laundering money through international trade transactions. (rabobank.nl)
  • Laundering their funds whitewashes criminals of their crimes and makes our governments, banks and financial institutions complicit in their underlying human-rights abuses. (theglobeandmail.com)
  • A spokesperson for the Myanmar government could not be contacted on Friday but its representative at this week's FATF meetings, Kyaw Win Thein, told Reuters on Wednesday that the country had a detailed strategic implementation plan to counter money-laundering. (bangkokpost.com)
  • In Friday's statement, the FATF urged Myanmar to cooperate with other countries to combat the money laundering activities of global crime groups. (bangkokpost.com)
  • The FBR is vigorously pursuing cases of alleged tax evasion, money laundering and terror financing in order to comply with Financial Action Task Force (FATF) conditions. (com.pk)
  • The Financial Action Task Force on Money Laundering ( FATF ) confirmed this finding in a report published in 2021 . (finma.ch)
  • Experts convened in Mactan, Cebu to tackle challenges involving cryptocurrencies, money laundering and the risks arising from the strong growth of the non-bank financial institutions. (zawya.com)
  • However all such cases will be tackled with abundant precaution so that innocent persons are not subjected to any unnecessary investigations or proceedings but we will not undermine the efforts of the present regime to go tough on money laundering and massive tax evasion. (com.pk)
  • The court held that there is a clear lack of professionals with the expertise to detect money laundering. (dawn.com)
  • Under the threat of huge financial penalties, banks have turned to technology to detect money laundering activity. (computerweekly.com)
  • They help financial institutions focus on money-laundering risks and develop critical intelligence for law enforcement. (finra.org)
  • See how Oracle fights money laundering. (oracle.com)
  • The United States was one of the first nations to enact anti-money laundering legislation when it established the Bank Secrecy Act (BSA) in 1970. (sas.com)
  • We supervise those we regulate for compliance with money laundering legislation. (sra.org.uk)
  • Topics discussed include the history of money laundering, the scale of the problem, the different types of money laundering, the cost to the private sector, and the effectiveness of anti-money laundering policies and legislation. (e-elgar.com)
  • During the summer of 2021, it supplemented the five existing risk-based modules, which are used for reviewing compliance with the Anti-Money Laundering Act ( AMLA ), with a sixth module on virtual assets (VAs) and virtual asset service providers (VASPs). (finma.ch)
  • Rather than accepting that it was asleep on the job, the watchdog attempted to lay the blame at the feet of AUSTRAC, which is the money-laundering regulator. (smh.com.au)
  • But it took more than two months before this was reviewed by the bank's Anti-Money Laundering Team, AUSTRAC alleges. (afr.com)
  • You must make sure you do not facilitate money laundering, even when money does not pass through your firm's accounts. (sra.org.uk)
  • If red flag indicators are present in your dealings with a client, you should ask further questions and consider making a suspicious activity report to your firm's Money Laundering Reporting Officer (MLRO) or the National Crime Agency, as appropriate. (sra.org.uk)
  • They will expect to see that it is "risk-based" and designed to specifically mitigate your firm's money laundering risk. (finra.org)
  • We need the insurance and securities sectors to set up an (internal) arm and devise rules against money laundering this year," Tang Xu, head of the anti-money laundering department of the People's Bank of China (PBOC), the country's central bank, said during a live Internet conference yesterday. (chinadaily.com.cn)
  • An internal report from Canada's anti-money laundering watchdog found nearly half of real estate professionals weren't complying with key areas of the country's anti-money laundering program. (globalnews.ca)
  • All up, 11 CBA customers have been convicted and jailed for money laundering offences using the bank's accounts, involving at least four organised crime syndicates. (afr.com)
  • According to testimony given to the Cullen Commission by professor Jason Sharman of the University of Cambridge: "As a multicultural society with a large stable financial sector, there's temptation for foreign corrupt officials to use the Canadian financial system or perhaps bits of it, like Canadian shell companies, to help in laundering money derived from corruption offences committed in other countries. (theglobeandmail.com)
  • In its 1,800 pages of facts and findings, the Cullen Commission concluded that the laundering of billions of dollars had gone " unchecked " since at least 2012, that successive B.C. governments had ignored the problem and that the RCMP's efforts to investigate money laundering were woefully inadequate. (theglobeandmail.com)
  • Received by the government earlier this month and released to the public today, the report makes 101 recommendations aimed at reducing the "pernicious problem" of money laundering, which it estimates is worth billions of dollars a year in the province. (thetyee.ca)
  • Involvement in professional sports, by sponsorship or ownership, is a prominent activity used for reputation laundering. (wikipedia.org)
  • ISLAMABAD: The Federal Board of Revenue (FBR) has traced out less than 10,000 people who are involved in cash transactions running into trillions of rupees allegedly for the purpose of tax evasion and with possibility of involvement in money laundering. (com.pk)
  • The FBR is also looking into affairs of Non Profit Organisations (NPOs) and International Non Profit Organisations (INPOs) with regard to alleged involvement in money laundering and terror financing. (com.pk)
  • The Directorate General is also looking into the involvement of some suspected NPOs/INPOs which may be involved in money laundering or terror financing in collaboration with Pakistan Center for Philanthropy (PCP). (com.pk)
  • One argument is that countries enforce these laws to protect against the reputational harm that involvement with money laundering could cause. (ssrn.com)
  • SINGAPORE (Reuters) - Ten foreigners accused of involvement in a major money laundering operation in Singapore were again remanded to custody on Wednesday, with new charges slapped on eight, as the city-state widens the net in one of its highest-profile crime cases. (yahoo.com)
  • Reputation laundering often involves charitable donations from the persons attempting to improve their reputation. (wikipedia.org)
  • They had been part of a 'cuckoo smurfing syndicate', a money laundering technique that involves using multiple people to make the deposits in different branches across a network, to attempt to avoid detection. (afr.com)
  • Money laundering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins. (howstuffworks.com)
  • According to Klaas there are money laundering issues as crypto currencies come to the fore more often in cases like text fraud, outright trafficking, drugs, money laundering and tax evasions. (zawya.com)
  • A large number of providers in the crypto area are not supervised by FINMA and are instead affiliated with self-regulatory organisations (SROs) that are responsible for conducting money laundering supervision. (finma.ch)
  • The report, conducted for Swedbank by London-based law firm Clifford Chance, found that €36.7bn in transactions, all carrying a high risk for money laundering, were processed through the bank's branch network in Estonia, Latvia and Lithuania between 2014 and 2019. (computerweekly.com)
  • This informative session covers topics such as fairness, what chief compliance officers can do to reduce biased AI in their anti-money laundering programs, and how AI is used responsibly for AML. (oracle.com)
  • Anti-money laundering (AML) refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities. (sas.com)
  • The PATRIOT ACT requires all broker-dealers to develop and implement an anti-money laundering (AML) compliance program that complies with the Bank Secrecy Act. (finra.org)
  • Monitoring body Moneyval is likely to give Malta a time window - possibly a year - to address a series of shortcomings in its anti-money laundering efforts or face the threat of eventual blacklisting. (timesofmalta.com)
  • An early use of the phrase in mass media was in 2010, in a Guardian article headlined "PR firms make London world capital of reputation laundering", a report which focused on the use of public relations (PR) firms by heads of state (including Saudi Arabia, Rwanda, Kazakhstan, and Sri Lanka) to obscure human rights abuses and corruption. (wikipedia.org)
  • We are concerned that some firms may not be complying by failing to have adequate systems and controls in place to prevent, detect and report money laundering. (sra.org.uk)
  • In this guide that accompanies the webcast, we focus on what firms should expect from the Anti-Money Laundering reviews conducted as part of FINRA's routine examinations. (finra.org)
  • Securities firms of all types and sizes have been money laundering victims, but AML risk varies from firm to firm. (finra.org)
  • Europe's richest man and a Russian oligarch are being investigated for alleged money laundering at an Alpine resort known as a playground for the super-rich. (yahoo.com)
  • HSBC conceded that its anti-money laundering measures were inadequate and that it has taken big steps in beefing up its controls. (salon.com)
  • Coleman responded to these mixed messages by arranging for an independent review of anti-money laundering measures in the gaming industry, but he did not take action to stem the flow of the suspicious cash transactions that he had been warned about," the report found. (thetyee.ca)
  • Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic with social, economic, political and regulatory implications has only gained prominence since the 1980s. (e-elgar.com)
  • Sophisticated professional money launderers operating in British Columbia are laundering staggering amounts of illicit funds," Cullen's report said, noting that one money services business laundered upwards of $220 million per year. (thetyee.ca)
  • In my work on political violence and mass atrocities, money laundering comes up regularly as a commonplace transnational organized crime, one that fuels human-rights abuses. (theglobeandmail.com)
  • Banks remain reluctant to perform as agents for regulators to curb money laundering. (dawn.com)
  • In March this year, regulators in Sweden and Estonia imposed fines totalling €347m on Swedbank for breaching money laundering laws. (computerweekly.com)
  • Certain decisions - such as the licensing of Pilatus Bank, which has since been closed down for alleged money laundering breaches - were also seen as shortcomings by local regulators. (timesofmalta.com)
  • The final report from an inquiry into money laundering in British Columbia has concluded BC Liberal cabinet ministers and former premier Christy Clark knew about the problem but failed to do enough to address it. (thetyee.ca)
  • RECENT regulatory penalties by the Office of Financial Asset Control (OFAC) of the United States, Financial Conduct Authority (FCA) of the United Kingdom and the State Bank of Pakistan (SBP) are reflective of the failure of banks to comply with anti-money laundering (AML) regulatory requirements. (dawn.com)
  • Most countries have adopted anti-money laundering laws during the last twenty years, but growing evidence shows widespread lapses in enforcement. (ssrn.com)
  • Indexing Terms ----------------------------- REPORTNUM: OSI-99-1 TITLE: Private Banking: Raul Salinas, Citibank, and Alleged Money Laundering DATE: 10/30/98 SUBJECT: Banking law Banking regulation Law enforcement Money laundering Organized crime Bank examination Fraud Lending institutions Funds management Bank deposits IDENTIFIER: Mexico Switzerland London (United Kingdom) New York ****************************************************************** ** This file contains an ASCII representation of the text of a ** ** GAO report. (globalsecurity.org)
  • This would list Malta among other countries deemed to have "strategic deficiencies" when it comes to anti-money laundering enforcement. (timesofmalta.com)
  • Money laundering by banks has become a priority target for U.S. law enforcement. (salon.com)
  • 10/15/2009 -The Financial Crimes Enforcement Network (FinCEN) hasreleased a report on how the United States' largest depository institutions conduct their Bank Secrecy Act (BSA) and anti-money laundering (AML) programs. (asisonline.org)
  • CARACAS, Venezuela (AP) - Venezuela's top security official announced the arrests of five people on charges of money laundering and said Tuesday that there are suspicions some opposition politicians were involved in the scheme. (ktar.com)
  • In another case, the Supreme Court took a suo motu notice of a case in which 32 fake bank accounts were being held in Summit Bank Ltd, Sindh Bank Ltd and United Bank Ltd. Two prominent politicians were suspects of laundering the money earned through bribery, kickback and corruption. (dawn.com)
  • Money laundering often accompanies activities like smuggling, illegal arms sales, embezzlement, insider trading, bribery and computer fraud schemes. (sas.com)
  • Over the previous 7½ months, the authorities alleged the two men laundered $1,784,408, by making 255 separate deposits into 101 Commonwealth Bank accounts. (afr.com)
  • In this article, we'll learn exactly what money laundering is and why it's necessary, who launders money and how they do it and what steps the authorities are taking to try to foil money-laundering operations. (howstuffworks.com)
  • Shares in Standard Chartered PLC [LSE: STAN] plunged by almost a quarter on Tuesday as the British lender battled accusations by U.S. authorities it had laundered over $250 billion from Iranian banks. (ibtimes.com)
  • While the commission did not focus on human rights, understanding how money laundering is a human-rights issue is a crucial step if authorities are to wake up to the harm this crime does and adequately address it. (theglobeandmail.com)
  • Specifically, scholars argue that both states and financial institutions can experience reputational harm from association with money laundering, leading to decreased foreign investment as actors move their funds to safer jurisdictions. (ssrn.com)
  • Money laundering exacts substantial costs to individuals and institutions and can have devastating consequences for society. (sas.com)
  • The bank has been on a mission to transform its anti-money laundering capabilities after substantial illegal transaction activity was uncovered at a Danske Bank subsidiary in Estonia. (computerweekly.com)
  • Wear tear-resistant reusable rubber gloves when handling and laundering soiled linens. (cdc.gov)
  • If there is risk of splashing, for example, if laundry is washed by hand, laundry staff should always wear gowns or aprons and face protection (e.g., face shield, goggles) when laundering soiled linens. (cdc.gov)
  • Their lawyers sought bail but gave no indication of how the suspects would answer the money laundering accusations. (yahoo.com)
  • The FIA has also arrested two suspects- Nawaz Bhatti and Mazhar Iqbal - in the case related to money laundering . (com.pk)
  • The United Nations Office on Drugs and Crime reckons that somewhere between $800 billion and $2 trillion goes through the money laundering rinse cycle every year. (howstuffworks.com)
  • Launder cloth diapers in mild soap and rinse well. (medlineplus.gov)
  • In that report, they defined reputation laundering as "the process of concealing the corrupt actions, past or present, of an individual, government or corporate entity, and presenting their character and behaviour in a positive light. (wikipedia.org)
  • This is the riskiest stage of the laundering process because large amounts of cash are pretty conspicuous, and banks are required to report high-value transactions. (howstuffworks.com)
  • Private Banking: Raul Salinas, Citibank, and Alleged Money Laundering (Letter Report, 10/30/98, GAO/OSI-99-1). (globalsecurity.org)
  • Here is a look back at a few key topics related to anti-money laundering (AML) obligations that rose to the level of being included in FINRA's 2023 Examination and Risk Monitoring Report . (finra.org)
  • The long-awaited Cullen Commission's final report into money laundering in British Columbia, released this month by B.C. Supreme Court Associate Chief Justice Austin F. Cullen, was as devastating as it was illuminating. (theglobeandmail.com)
  • In the coming weeks, experts and policy makers will decipher the report and make pronouncements on how provincial governments and Ottawa can better prevent and prosecute money laundering. (theglobeandmail.com)
  • A 2019 U.S. State Department report listed Canada alongside China and Afghanistan as a "major money laundering country. (theglobeandmail.com)
  • Cullen told reporters today he hopes the commission's report will be a turning point towards better addressing public concerns about money laundering. (thetyee.ca)
  • Reputation laundering can include gestures such as donating to charities, sponsoring sports teams, or joining prominent associations. (wikipedia.org)
  • A Swiss NGO went public this week with allegations that the family of prominent Malaysian Taib Mahmud​ had laundered $30 million through an obscure Australian company called Sitehost Pty Ltd. Sitehost owns and operates the Adelaide Hilton. (smh.com.au)
  • Kisby did, however, quote the 1997 Organized Crimes Digest, which estimates that money laundering racks up $300 billion a year in costs in the United States alone. (casinocitytimes.com)
  • Additionally, the United Nations estimates that $750 billion is laundered every year worldwide. (casinocitytimes.com)
  • 18. Are Estimates of the Volume of Money Laundering Either Feasible or Useful? (e-elgar.com)
  • With this information, we are able to produce an automatic reporting system to identify potential money laundering. (casinocitytimes.com)
  • In countries with weak governance, low transparency and/or high levels of corruption, money laundering is more common. (rabobank.nl)
  • The money laundering charges have to do with a scheme that follows a tried and true method for rinsing the dirt off your treasure. (howstuffworks.com)
  • This is the most complex step in any laundering scheme, and it's all about making the original dirty money as hard to trace as possible. (howstuffworks.com)
  • Michael Abdelmesseh and KMA Merchant Services LLC have agreed to settle a Federal Trade Commission lawsuit for laundering credit card charges for Money Now Funding (MNF), a business opportunity scheme that falsely promised consumers they would make thousands of dollars helping small businesses get loans. (ftc.gov)
  • Machines can read many more articles than humans and can automate anti-money laundering processes. (computerweekly.com)
  • Has an unusual level of knowledge about money laundering processes. (sra.org.uk)
  • For both states and financial institutions, I find no evidence that news of a money laundering case causes reputational harm. (ssrn.com)
  • From transaction monitoring and anomaly detection to customer risk ranking, social network analysis and more, machine learning is drastically changing the ways financial institutions fight back against money laundering. (sas.com)
  • to provide training and technical assistance to financial entities on the typologies of money laundering offenses used in financial institutions. (oas.org)
  • Money laundering was recently headline news when leaked documents revealed that banks including HSBC, Barclays and Standard Chartered have moved huge amounts of money despite spotting suspicious transactions. (computerweekly.com)
  • Framing it as such would entrench real and tangible obligations on the government to act to prevent money laundering. (theglobeandmail.com)
  • Reputation laundering occurs when a person or an organization conceals unethical, corrupt, or criminal behavior or other forms of controversy by performing highly visible positive actions with the intent to improve their reputation and obscure their history. (wikipedia.org)
  • The British public relations firm Bell Pottinger is noted for using PR techniques for reputation laundering, supporting clients such as Alexander Lukashenko, Bahrain, and the Pinochet Foundation. (wikipedia.org)
  • The family's philanthropy has been characterized as "reputation laundering" from profits acquired from the selling of opiates. (wikipedia.org)
  • LONDON (AP) -- HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. (salon.com)
  • CICAD's Anti-Money Laundering (AML) Section was established in late 1999, due to CICAD's increased activities of training and assisting Member States in the control of money laundering. (oas.org)
  • When we invested in BitInstant in the fall of 2012, its management made a commitment to us that they would abide by all applicable laws -- including money laundering laws -- and we expected nothing less,' they said, noting that the company itself hadn't been named as a target in the indictment. (darkreading.com)
  • The rise of global financial markets makes money laundering easier than ever- countries with bank-secrecy laws are directly connected to countries with bank-reporting laws, making it possible to anonymously deposit 'dirty' money in one country and then have it transferred to any other country for use. (howstuffworks.com)
  • Thus, my findings call into question claims that actors enforce anti-money laundering laws to protect their reputations. (ssrn.com)
  • An early effort to detect and prevent money laundering, the BSA has since been amended and strengthened by additional anti-money laundering laws. (sas.com)
  • Its mission is to devise and promote international standards to prevent money laundering. (sas.com)
  • In the Netherlands, ING was fined €775m in 2018 after the regulator said the bank had failed to prevent the laundering of hundreds of millions of euros between 2010 and 2016. (computerweekly.com)
  • This training will increase awareness to help prevent money laundering. (answers.com)
  • Danske Bank is continuing its investments in anti-money laundering (AML) technology with an investment in artificial intelligence (AI) technology to monitor and investigate potential money laundering. (computerweekly.com)
  • At the state level, I use the synthetic control method to test for changes in countries' foreign portfolio investment following news of major money laundering cases in Switzerland, Panama, and Denmark. (ssrn.com)
  • Positive trends were seen with respect to the preventive reports being made to the Money Laundering Reporting Office Switzerland ( MROS ). (finma.ch)
  • Money laundering is to take actions with the purpose of hiding the link between a crime and money, or other assets. (lansstyrelsen.se)
  • Money laundering is a type of financial crime. (sas.com)
  • In doing so, however, they must consider the many ways in which money laundering is not just an economic crime, but a human-rights issue. (theglobeandmail.com)
  • First and foremost, money laundering should not be understood as merely an economic crime, but a human-rights issue. (theglobeandmail.com)
  • William Kisby, vice president of gaming for the National Fraud Center believes there's a huge potential for money laundering through Internet gambling sites, although he couldn't provide any figures. (casinocitytimes.com)
  • This guide is intended for use by employees of the end user, such as safety personnel or program administrators, who have chosen to implement a home laundered flame, thermal or arc resistant clothing program. (cdc.gov)