Money Laundering
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NewsFraudster serving 109-year sentence transferred to house arrest
Hassan Shifau, sentenced to 109 years for a multi-million dollar fraud and money laundering scheme, has been moved from prison to house arrest. The Maldives Correctional Service cited a medical condition as the reason for the temporary transfer. Shifau must still pay a MVR 7 million fine and compensate victims within one year.
NewsHome Minister issues more warnings over dollar crisis
Maldivian Home Minister Ali Ihusaan warned that unauthorized dollar trading is a criminal offense and constitutes money laundering. The government plans to take strict legal action against unlicensed buyers and sellers. Additionally, Maldivian sponsors will be held accountable and fined if their expatriate workers engage in illegal currency exchange.
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PG warns of money laundering charges for renting bank accounts
Business
USD crisis deepens as money changers close after warning
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"USD rate driven by criminal network of political opponents"
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Ihusaan accuses exchange outlets of money laundering
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Police warn against renting bank accounts
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Suspected drug lord campaigning for PNC
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Fuvahmulah drug lords released after PG Office request
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Bassam taken back to jail after criticism
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PG recommends release of Addu drug network suspects
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Yameen slams "money laundering" through Pension Office
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Bassam gets another 23 years in jail
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Maldives at risk of becoming a hub for illicit finance
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FAM ex-President Bassam gets four-year prison term
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Court acquits Siyam's companies in secretive hearing
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Supreme Court rejects appeal in Shamaan's case
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Police arrest two Fuvahmulah drug lords
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Request for inquiry into Maldives Media House
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