September 21 - Switzerland’s efforts to combat dirty money constitute a “failure” that haven’t kept pace with the explosion of money-laundering in the financial hub, the country’s former top money-laundering cop told Tribune de Geneve. At the end of 2019, some 6,000 suspicious activity reports were languishing at the Money-Laundering Reporting Office of Switzerland (MROS) because of understaffing and the fact they continue to be submitted as paper documents not electronically, its former chief Daniel Thelesklaf told the newspaper in an interview.

September 21 - B.C. Attorney General David Eby says a deadly shooting at a Richmond restaurant on Friday that targeted two men alleged to be major money-launderers is “very disturbing.” The shooting at the Manzo Itamae Japanese Restaurant left Jian Jun Zhu dead and his associate, Paul King Jin, wounded. Zhu was the subject of a major RCMP investigation into the alleged laundering of as much as $200 million a year.

September 21 - An ING subsidiary in Poland has for years helped its clients to move large amounts of money out of Russia, the FD, Trouw and investigative journalism platform Investico said on Monday. The claim is based on leaked documents from the American finance ministry’s fraud investigation department Fincen, which details thousands of suspect transactions involving some of the world’s biggest banks.

September 21 - No one answers the door when you press the buzzer for suite 2B on the second floor of 175 Darkes Lane. It is a red brick building, just off the High Street in the Hertfordshire commuter town of Potters Bar. And suite 2B is the official home of more than 1,000 UK-registered companies. Many were set up to move billions of dollars' worth of ill-gotten gains around the globe in such a way as to make them near-impossible to trace.

September 20 - A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase & Co., Deutsche Bank AG and several global banks “kept profiting from powerful and dangerous players” in the past two decades even after the U.S. imposed penalties on these financial institutions. The report, based on leaked documents obtained by BuzzFeed News and shared with the consortium, said that in some cases the banks kept moving illicit funds after receiving warnings from U.S. officials.

September 14 - An attempt to money launder over $350,000 at North Carolina’s Harrah’s Cherokee Hotel and Casino led to seven suspects being charged last week and federal officials seizing a total of $2.1 million. According to a recently released federal indictment, two of the suspects and a third man went to the gaming property, located in Cherokee, sometime in the last year. The trio, each from South Carolina, was identified as Derick Keane and Jeremy Brandon Latourneau, both 43 and of Spartanburg, and Roosevelt Hunt of Moore.

September 09 - A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds, criminals prefer to launder proceeds through mules, front companies, or cash businesses as well as investing it into crime, it said.