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Major Underground Banking Network Dismantled Across Six Countries
Law enforcement authorities from six countries have successfully dismantled a significant underground banking network in Europe, accused...
Dec 20, 20242 min read
Becton Dickinson to Pay $175 Million for Misleading Investors Over Flawed Alaris Infusion Pump
Becton Dickinson (BD), a global medical device manufacturer, has agreed to pay $175 million after the Securities and Exchange Commission...
Dec 19, 20243 min read
WealthTek’s John Dance Charged with £64 Million Fraud and Money Laundering
The UK’s financial regulator has charged John Dance, a former principal partner at WealthTek LLP, with fraud and laundering over £64...
Dec 19, 20241 min read
Dutch Prosecutors Drop Money Laundering Charges Against Former Bank Chiefs
In a dramatic turn for Dutch banking, prosecutors announced on Wednesday that they will not pursue criminal charges against the former...
Dec 19, 20242 min read
Argentina Faces FATF Scrutiny Despite Avoiding Grey List
Argentina remains under the spotlight of the Financial Action Task Force (FATF) after being placed on “enhanced follow-up,” a status...
Dec 19, 20242 min read
Bankrupt Retailer Express Avoids SEC Fine in CEO Perks Disclosure Case
The Securities and Exchange Commission (SEC) announced charges against bankrupt fashion retailer Express for failing to disclose nearly...
Dec 18, 20242 min read
London's Persistent Title as Money Laundering Capital Faces Scrutiny Amid Regulatory Challenges
London continues to grapple with its troubling reputation as the world’s capital of money laundering, a title that seems unlikely to...
Dec 17, 20243 min read
DOJ’s Updated Compliance Guidance Places Spotlight on AI Risks, Sparking Industry Debate
When the U.S. Department of Justice (DOJ) revised its Evaluation of Corporate Compliance Programs (ECCP) earlier this year, it drew...
Dec 17, 20244 min read
UK Fintech Stenn Collapses into Administration Amid Money Laundering Scrutiny
UK-based fintech firm Stenn, once valued at $900 million, has entered administration following an investigation linked to a U.S. money...
Dec 17, 20242 min read
Bruna Szego Set to Be Confirmed as Chair of Europe’s Anti-Money Laundering Authority
Italy’s Bruna Szego is expected to be officially approved as the Chair of the European Union’s new Anti-Money Laundering Authority (AMLA)...
Dec 17, 20243 min read
Jyske Bank Fined €3.22 Million for Anti-Money Laundering Failures
Jyske Bank, Denmark's third-largest financial institution, has been fined €3.22 million (DKK 24 million) for failing to comply with...
Dec 16, 20241 min read
EBA Highlights Concerns Over Inconsistencies in AML Penalties and Oversight
The European Banking Authority (EBA) has raised concerns about the lack of transparency in how anti-money laundering (AML) watchdogs...
Dec 16, 20242 min read
Klarna Fined $45.6 Million by Swedish FSA for Money Laundering Rule Breaches
Sweden’s Financial Supervisory Authority (FSA) has imposed a fine of 500 million Swedish crowns ($45.59 million) on Klarna Bank for...
Dec 13, 20242 min read
Former TD Bank Employee Charged with Money Laundering Conspiracy in Drug Proceeds Case
A former employee of TD Bank in the U.S. has been arrested and charged with conspiracy to commit money laundering, accused of...
Dec 13, 20242 min read
Croatia Makes Notable Advances in AML and CFT Measures, Reports MONEYVAL
Croatia has made substantial progress in strengthening its anti-money laundering (AML) and counter-terrorist financing (CFT) measures,...
Dec 13, 20241 min read
Morgan Stanley Smith Barney Charged by SEC for Allowing Investment Advisers to Steal Millions
The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that Morgan Stanley Smith Barney (MSSB) is facing charges due to...
Dec 12, 20242 min read
Former EU Justice Commissioner Didier Reynders Denies €1 Million Money Laundering Allegations
Former EU Justice Commissioner Didier Reynders is under investigation for allegedly laundering approximately €1 million, a claim he has...
Dec 12, 20242 min read
US Appeals Federal Court Ruling on Corporate Transparency Act; Companies Advised to “Voluntarily” Report Ownership Information
US officials are appealing a federal court decision that blocked the enforcement of the Corporate Transparency Act (CTA), while...
Dec 12, 20242 min read
IRS Criminal Investigation Unit Reports 90% Conviction Rate, $9.15 Billion in Financial Recoveries
The IRS Criminal Investigation (IRS-CI) unit has reported a 90% conviction rate over the past year, highlighting its efforts in combating...
Dec 11, 20242 min read
Monaco Makes Strides in Combating Money Laundering, Says MONEYVAL Report
Monaco has made significant progress in its efforts to combat money laundering and terrorism financing, according to a new report by...
Dec 11, 20242 min read
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