October 15 - The Financial Intelligence Centre (FIC) has received 2,010 suspicious transaction reports (STRs) from banks and non-bank financial institutions on suspected money laundering cases from 2010 to 2016. The Centre has disseminated 787 out of the 2,010 reports to various law enforcement agencies for appropriate actions to be taken. Ghana, has since 2014, prosecuted and convicted 11 persons for various money laundering offences and its associated crimes.

October 15 - The last fifteen months have been critical for the province of British Columbia in terms of gambling, as the illegal money-laundering schemes which involved local casinos have been expanding further and further. Only a few days after BC Attorney General David Eby took over the job in the summer of 2017, he made a warning to everyone involved in the Vancouver model, a scheme thanks to which some of the casinos in the province of British Columbia were used to wash illegal money amounting to over CA$100 million during the past ten years. Later, in an interview for the Guardian, Mr. Eby explained that the volume and the size of the illegal money transactions which have happened for years in local casinos were literally breathtaking.

October 15 - Ireland’s financial system must remain alert to the possibility that “bad actors”, such as terrorists or drug cartels, may try to launder their ill-gotten gains through Irish banks, an international banking compliance expert has warned. Irish-born Eoin O’Shea, the former global head of compliance at Credit Suisse, runs the international consultancy Temple Grange Partners. He was speaking in Dublin where he is training compliance executives from major Irish banks.

October 11 - The Council today adopted a new anti money laundering directive. This directive introduces new criminal law provisions which will disrupt and block access by criminals to financial resources, including those used for terrorist activities.

October 10 - Almost all of Europe’s biggest banks have been sanctioned for money laundering offences over the past decade, according to new research by anti-money laundering experts Fortytwo Data. The firm found that at least 18 of the 20 biggest banks in Europe, including five UK institutions, have been fined for offences relating to money laundering since the financial crisis, many of them within the last few years, an indication of how widespread money laundering has become.

October 10 - New York state financial regulators on Wednesday fined the Dubai-based Mashreqbank $40 million, saying it cleared millions of high-risk transactions with scant safeguards against money laundering and terrorism finance. The bank's New York branch kept shoddy records and had internal controls that were not sufficient to prevent violations of US sanctions, according to the New York Department of Financial Services.

October 10 - China's central bank on Wednesday issued anti-money laundering and counter-terrorism financing regulations for online financial institutions, as part of Beijing's efforts to rein in financial risks. The institutions must set up internal control mechanisms for combating money laundering and terrorism financing, follow "know your customer" (KYC) rules, and report large and suspicious transactions in a timely fashion, the central bank said.