Due to the poor regulation of cryptocurrencies, money laundering crimes committed by organized crime groups in Japan have increased significantly. The Mainichi Shimbun, a major newspaper in Japan, has reported one specific case where up to 30 billion yen was… Read more >
Because of numerous warnings to Latvia from the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) regarding weak money laundering regulations being abused by international customers, such as Russia and former Soviet Union countries, Latvia… Read more >
Latvia’s Prime Minister, Maris Kucinskis, announced last week that Latvia is preparing a legislation to ban shell companies after receiving demands from the European Union and its western allies to strengthen their anti-money laundering (AML) policies. The Latvian government plans… Read more >
Latvia and its banks have been warned by Finance Minister Dana Reizniece-Ozola, that they are at risk from being sanctioned by the US if they fail to prove their ability to uncover and prevent financial crimes such as money laundering. … Read more >