CHILE’S TIGHTER NET ONLY CATCHING SMALL FRY
February 1st, 2016
While January 6 (2016) was a big day for Chile’s fight against money laundering, with a major money laundering case drawing to close, there is concern that the country’s anti-money laundering (AML) efforts are actually weakening.
After eight years of investigation, Santiago’s 34th Criminal Court handed down the first sentence against eight individuals in the country’s largest ever money-laundering cases. The former owner and employees of currency dealers Turismo Costa Brava had been caught laundering hundreds of thousands of 500 Euro bills on behalf of ...
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