Anti-Money Laundering (AML)
Coverage of Anti-Money Laundering (AML) in the Nexus archive.
- Trump bank accounts were closed due to concerns over possible money laundering, Capital One says
Capital One closed President Donald Trump's bank accounts in 2021 due to concerns over potential money laundering, according to a court filing. Trump's financial holding company sued Capital One, alleging illegal account closures for political reasons, while the bank claims the closures followed anti-money laundering policies. JPMorgan Chase is also named in a separate lawsuit seeking $5 billion, with both banks denying political motivations for terminating Trump-related accounts.
- Japan tells real estate and crypto sectors to tighten AML checks on property deals
Japan's government has directed real estate and cryptocurrency sectors to enhance anti-money laundering (AML) checks in property transactions. Four agencies highlighted the risks of crypto in real estate and mandated stricter compliance measures for industry bodies.