In a resolution signed by Assistant State Prosecutor Mary Jane Systat, the DOJ sustained the application of the 'willful blindness doctrine' in finding probable cause to indict the respondents Raul Victor Tan, National Sales Director Ismael Reyes, Regional Sales Director Brigitte Capina, Customer Service Head Romualdo Agarrado and Senior Customer Relationship Angela Ruth Torres for violation of Republic Act 9160 or the Anti-Money Laundering Act
It remains to be seen how far the PTI government succeeds in the passage of new legislation to amend the anti-money laundering Act
According to the prosecution, she failed to stop transactions of the monies yet the required withdrawals was not supposed to exceed Sh100,000 as per the proceeds of crime and anti-money laundering act
We have the Proceeds of Crime and Anti-Money Laundering Act
and a number of entities that are supposed to be reporting within the framework.
It was also decided during the meeting necessary amendments would be introduced in existing laws including Anti-Money Laundering Act
2010 to further strengthen them for effectively dealing with cases of money laundering and other illegal practices.
M2 EQUITYBITES-November 29, 2018-Danske Bank has been preliminarily charged by SAIK on violating under the Danish Anti-Money Laundering Act
in the case relating to its Estonian branch
Danske Bank announced that it has been preliminarily charged by the Danish State Prosecutor for Serious Economic and International Crime with violating the Danish Anti-Money Laundering Act
on four counts all relating to Danske Bank's Estonian branch in the period from February 1, 2007 to the end of January 2016.
Last month, Najib was charged again with three counts of money laundering amounting to RM42 million under Section 4 (1)(b) of Anti-Money Laundering Act
, Anti-Terrorism Financing Act and Proceeds of Unlawful Activities Act (Amla) 2001.
An Anti-Money Laundering Act
was passed in 2010, but SRO to give powers to FBR Investigation and Intelligence Unit to probe into cases of approximately 180 identified individuals with assets and foreign bank accounts for which taxes have not been paid, has intentionally not been given approval by Federal Cabinet.
This could be a once-in-a-lifetime opportunity for wealthy Pakistanis, as according to the proposal, those who would not avail the scheme - despite having foreign assets of over $100,000, would be deemed to have committed an offence under the Anti-Money Laundering Act
The BSP will also be working closely with other relevant government agencies, such as the Anti-Money Laundering Council and the Department of Justice, in their investigation of possible criminal and administrative violations under the Anti-Money Laundering Act
and its Implementing Rules and Regulations, of the aforementioned entities, including their Directors and Officers.