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Apr 11, 2024 · The charge of money laundering conspiracy carries a maximum sentence of 20 years in prison. The charge of conspiracy to operate an unlicensed money transmitting business has a statutory penalty of up to five years in prison. The concealment money laundering charges each carry a maximum sentence of no more than 20 years in prison.
Apr 16, 2024 · An introduction to anti-money laundering legislation in the United States. VinciWorks. 4th January 2022. It is estimated that between 2–5% of all economic activity worldwide is related to the laundering of proceeds from criminal activities. Trillions of dollars every year are funnelled through innocent-seeming channels to support the ...
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Apr 5, 2024 · United States: Overview of Relevant KYC/CDD Laws and Regulation. Posted in Anti-Money Laundering (AML), Know Your Customer (KYC) on April 5, 2024. In the United States, the most significant AML laws and regulations are the Bank Secrecy Act of 1970 (BSA) and the Uniting and Strengthening America by Providing Appropriate Tools Required to ...
Apr 19, 2024 · Co-Conspirator Sentenced to 21 Months in Prison and $4.7 Million Forfeiture. John Can Unsalan, aka Hurrem Can Unsalan, the president of Orlando, Florida-based steel trading firm Metalhouse LLC, was sentenced to six years in prison for conspiracy to commit money laundering to promote violations of U.S. sanctions against Sergey Kurchenko, a pro-Russian Ukrainian oligarch.
4 days ago · International commodity trading conglomerate Trafigura has been fined almost US$127 million in a US court after admitting to bribing officials at Brazilian state oil company Petrobras, between 2003 and 2014, to gain and retain business, violating the USA Foreign Corrupt Practices Act (FCPA). Online Published Date: 11 Apr 2024.
Apr 18, 2024 · On March 15, 2023, the United States Attorney’s Office announced the unsealing of an indictment charging HO WAN KWOK, a/k/a “Miles Guo,” and KIN MING JE, a/k/a “William Je,” with wire fraud, securities fraud, bank fraud, and money laundering charges in connection with an alleged complex scheme to solicit more than $1 billion of investments in various entities and programs through ...
Apr 19, 2024 · Photo: EPA/Shutterstock. Investment advisers and real-estate industry professionals are all for stamping out money laundering, just as long as it is someone else doing the stamping. The Treasury ...
