May 26 - Polish prosecutors have started an investigation into suspected money laundering at a small state-controlled lender BOS Bank (BOSP.WA), Dziennik Gazeta Prawna daily said on Tuesday, quoting an unnamed source. The regional prosecutor’s office in Katowice in southern Poland said in an emailed statement to Reuters: “An investigation has been initiated in the local prosecutor’s office regarding irregularities in connection with transactions carried out on bank accounts for selected foreign entities at one of the banks.” The prosecutor’s office did not give further details.

May 26 - REMITTANCES could fall 2-4% if the Philippines is determined to be lax in policing money laundering and terrorist financing, which will compel international banks to treat transactions by Filipinos with extra caution, Anti-Money Laundering Council (AMLC) Executive Director Mel Georgie B. Racela said. “Financial institutions may de-risk Filipinos, both individuals and entities, which include remittance companies; and may withdraw from existing business relationships,” Mr. Racela said in a text message to BusinessWorld.

May 26 - In response to outcry from several countries, the European Commission published a new anti-money-laundering action plan this month and added 12 more countries to its AML blacklist. The addition of The Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe brings the total number of countries to 22. Already included on the list were Afghanistan, Iraq, Vanuatu, Pakistan, Syria, Yemen, Uganda, Trinidad and Tobago, Iran and North Korea.

May 25 - The public inquiry into money laundering in B.C. entered its second phase on Monday, with the first expert laying out the scope of the problem in the province and why B.C. has become such a hot spot. Stephen Schneider, a professor of criminology at Saint Mary’s University in Halifax, told commissioner Austin Cullen that he had to rely partially on reports from Vancouver news outlets because of a lack of proper, peer-reviewed studies on the topic.

May 18 - A new lawsuit has been filed against the parent of crypto derivatives exchange BitMEX, HDR Global Trading Limited, as well as ABS Global Trading and its co-founders Arthur Hayes, Ben Delo and Samuel Reed, accusing them of illegal activities such as money laundering. The 106-page lawsuit, filed on Saturday by plaintiff BMA LLC in the U.S. District Court for the Northern District of California, alleged that BitMEX was designed to engage in illegal activities such as racketeering, money laundering and market manipulation, earning the defendants "billions of dollars in illicit profits." Crypto publication ForkLog first published the complaint.

May 18 - More than half of the EU's member states have failed to fully implement the bloc's 5th Anti-Money Laundering Directive onto their respective statute books, the European Commission (EC) confirmed today. The EC, the EU's executive arm, said 17 countries had missed the official deadline of 10 January 2020.

May 11 - Despite decades of action, the world is struggling to make gains in the war against money laundering, according to the head of the agency responsible for setting global anti-money laundering standards. David Lewis, executive secretary of the Paris-based Financial Action Task Force (FATF), said governments were failing to stop organized criminals and corrupt regimes from washing vast sums each year.