October 15 - After testimony from some 200 witnesses concluded last month, closing arguments are underway at the inquiry into money laundering in B.C. Casinos. John Hua has more on what this stage involves – and why the parties are asking the Cullen Commission to focus on what’s happened since – and not hindsight.

October 15 - Three men have appeared before a Melbourne court after allegedly helming one of Australia’s biggest money laundering syndicates, which is accused of purchasing the identities of hundreds of foreign students on the dark web to wash cash and move tens of millions of dollars offshore. Police allege the ring laundered at least $62 million of cash using the dormant bank accounts of 250 students who have returned to China after studying in Australia.

October 12 - Earlier this year, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a $390 million penalty against Capital One for “willful” anti-money-laundering (AML) failures that happened during a period between 2008-2014. For compliance operators in the space, the action was a strong signal of rigorous enforcement, and perhaps a sign of increased pressures to come.

October 11 - The Supreme Court has agreed to examine the legal issue of whether the Enforcement Directorate can attach ancestral properties of the accused under the Prevention of Money Laundering Act (PMLA) as "proceeds of crime". The question came up for consideration before the top court on an appeal filed by the Enforcement Directorate (ED) challenging an order of the Karnataka High Court which observed that action under the Prevention of Money Laundering Act, 2002 cannot proceed in respect of the ancestral property.

October 06 - As American and Canadian authorities ramped up investigations into rogue Montreal-based money transfer mogul Firoz Patel in April 2017, he boarded a flight to the United Arab Emirates. A stamp in Patel's passport shows he entered the UAE on April 8, 2017. Ten days later, he became the sole shareholder in Argus Ltd., a secret offshore corporation he set up with an office in a building owned by a prominent member of the Emirates' royal family.

October 04 - The job advert seemed timely. It offered between £500-£1,000 a week to work from home as an agent for cryptocurrency transactions. Lauren*, 21, was heavily in debt after a period of unpaid sick leave and leapt at the chance to rebalance her finances. “It had been promoted on social media by a couple of people I’d been at school with so I trusted it,” she says. “It seemed such a coincidence that this came along just when I needed it.”