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Trinidad and Tobago Joins OECD Anti-Tax-Evasion Pact to Tackle Illicit Financial Flows
On November 7, Trinidad and Tobago became the 149th jurisdiction to join the OECD’s Multilateral Convention on Mutual Administrative...
Nov 12, 20241 min read
Lithuanian Cryptocurrency Providers Drop by Half Ahead of Regulatory Changes
The number of Lithuanian companies authorized to offer cryptocurrency services has drastically declined, dropping by over half as the...
Nov 12, 20241 min read
CySEC Issues Warning on Fraudulent Posts and Impersonation Scams on Legitimate Platforms
The Cyprus Securities and Exchange Commission (CySEC) issued a public alert on Friday, warning of an increase in fraudulent schemes...
Nov 11, 20242 min read
Head of Spanish Fincrime Police Unit Arrested After €20 Million Drug Cash Discovered at Home
The head of Spain’s national police financial crime unit, Chief Inspector Óscar Sánchez Gil, was arrested this week after authorities...
Nov 11, 20244 min read
MONEYVAL Report Highlights Europe’s Challenges in Securing Money Laundering Convictions
European countries are falling short in achieving effective money laundering prosecutions and convictions, according to MONEYVAL’s recent...
Nov 11, 20242 min read
FINRA Imposes $1M Fine on Morgan Stanley Over Alleged Risk Control Documentation Failures
The Financial Industry Regulatory Authority (FINRA) has fined broker-dealer Morgan Stanley $1 million due to alleged documentation lapses...
Nov 8, 20242 min read
Bitcoin Hits Record High Amid Optimism for Reduced Crypto Oversight Under Trump Presidency
Bitcoin surged to an all-time high as investors anticipate that Donald Trump’s return to the White House could lead to a more lenient...
Nov 8, 20242 min read
UK Government Issues New Guidance on Corporate Criminal Offense for ‘Failure to Prevent Fraud
The UK government has introduced new guidelines addressing the corporate criminal offense of “failure to prevent fraud,” targeting large...
Nov 8, 20241 min read
Major Drug Trafficking Network Led by Albanian Brothers Dismantled in Joint Albania-Italy Operation
Authorities in Albania and Italy have successfully dismantled a major drug trafficking network allegedly led by two Albanian brothers....
Nov 7, 20241 min read
TD Bank Hit with $3.1 Billion in Fines Over Widespread AML Failures Linked to Drug Cartel Investigation
Law enforcement officials have uncovered TD Bank’s extensive role in enabling money laundering schemes connected to a Mexican drug...
Nov 6, 20243 min read
China Eyes Major Updates to Anti-Money Laundering Law, with Focus on Data Privacy
China is considering significant revisions to its Anti-Money Laundering (AML) laws, with potential changes that could reshape how...
Nov 6, 20241 min read
South Africa Makes Progress on AML Deficiencies, Eyes Potential Exit from FATF Grey List
The Financial Action Task Force (FATF) has acknowledged South Africa’s efforts to address deficiencies in its anti-money laundering (AML)...
Nov 6, 20242 min read
Ireland’s Ties with Big Tech Under Fire Following Meta-Funded EU Appeals Office Launch
Ireland's close relationship with large tech companies is facing renewed scrutiny as the country’s media regulator, Coimisiún na Meán,...
Nov 5, 20243 min read
HSBC, Barclays, and Standard Chartered Target U.S. Market Amid Booming Commercial Banking Revenues
Britain’s largest global banks—HSBC, Barclays, and Standard Chartered—are moving to capitalize on a surge in U.S. commercial banking, as...
Nov 5, 20243 min read
Bar Standards Board Investigates Low SARs Reporting by Barristers Amid Money Laundering Concerns
The Bar Standards Board, which oversees barristers and specialized legal service providers in England and Wales, has reviewed why...
Nov 5, 20241 min read
ID-Pal Partners with Ireland’s Department of Justice to Modernize Visa Renewals
Identity verification firm ID-Pal has secured a partnership with Ireland’s Department of Justice aimed at streamlining the country’s...
Nov 4, 20241 min read
JLL Fined $108,000 by Canadian Regulator for AML Failures
Jones Lang Lasalle (JLL), a U.S.-based international real estate firm, has been fined $108,000 by Canada’s financial intelligence agency,...
Nov 4, 20241 min read
U.S. Sanctions La Linea Cartel Leaders and Affiliates to Combat Fentanyl Smuggling
The United States has imposed sanctions on senior members of La Linea, a violent faction of the Juarez Cartel, along with two companies...
Nov 4, 20242 min read
U.S. Treasury Issues Final Rule to Curb Outbound Investment to China in Sensitive Technologies
The U.S. Treasury Department has issued a final rule, accompanied by the creation of a new oversight division, aimed at limiting outbound...
Nov 1, 20242 min read
Singapore Unveils Comprehensive National Anti-Money Laundering Strategy Focused on Prevention, Detection, and Enforcement
In a decisive move to combat financial crime, Singapore’s government has unveiled a new National Anti-Money Laundering (AML) Strategy,...
Nov 1, 20242 min read
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