SB 3123 Aims To Address AMLA Deficiencies By Criminalizing Money Laundering

The Senate approved previous amendments to Anti Money Laundering Act (AMLA) in two tranches, SB 3009 which allows the Anti-Money Laundering Council (AMLC) to look into the bank accounts of suspected money launderers without notifying them and SB 3127 which criminalizes the terrorist financing.

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Vatican Bank President Is Ousted For Suspected Money Laundering

Moneyval, the Council of Europe’s experts on anti-money laundering, is due to rule at the beginning of July on the whether the Holy See has managed to clean up its act and meet international monetary standards.

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