top of page
All Articles
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
McKinsey & Co. Subsidiary Agrees to $123M Criminal Penalty for South Africa Bribery Scheme
McKinsey & Co. Africa has agreed to pay nearly $123 million to the U.S. Department of Justice (DOJ) as part of a settlement over...
Dec 10, 20242 min read
Stricter AML Rules for European Cryptocurrency Companies to Take Effect
Cryptocurrency companies newly established in Europe have been cautioned about the introduction of more stringent anti-money laundering...
Dec 10, 20242 min read
Europol’s EFIPPP to Launch 2025 AML Workstream Targeting Professional Enablers
Top anti-money laundering (AML) experts from across the European Union gathered at Europol’s headquarters in The Hague for the 25th...
Dec 10, 20243 min read
TD Bank Faces Declining Shares Amid Regulatory Challenges and Strategic Reassessment
Shares of TD Bank dropped approximately 6% after the institution announced it would delay updates to its financial targets until the...
Dec 9, 20242 min read
Barclays Agrees to $19.5 Million Settlement in Securities Fraud Lawsuit
Barclays (BARC.L) has agreed to pay $19.5 million to resolve a securities fraud lawsuit brought by shareholders who alleged the British...
Dec 6, 20242 min read
Marshall Islands’ Offshore Trust Complexes Increasingly Linked to Terrorism and Iran
The picturesque Marshall Islands, long known as a hub for tax-friendly offshore incorporation services, is becoming a surprising focal...
Dec 6, 20242 min read
Operation Destabilise: British-Led Crackdown on Russian Money Laundering Networks Unveiled
A British-led operation, codenamed Operation Destabilise, has dismantled Russian money laundering networks linked to organized crime...
Dec 6, 20244 min read
Trump Nominates Crypto Advocate Paul Atkins to Lead SEC, Replacing Gary Gensler
President-elect Donald Trump took a notable step toward aligning his administration with the cryptocurrency industry on Wednesday by...
Dec 5, 20242 min read
Former EU Justice Commissioner Didier Reynders Under Investigation for Lottery-Linked Money Laundering
Belgian authorities have carried out raids on properties associated with Didier Reynders, the former European Commissioner for Justice,...
Dec 5, 20242 min read
FINTRAC Partners with U.S. Federal Banking Agencies to Bolster Anti-Money Laundering Efforts
Canada’s anti-money laundering agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has formalized a...
Dec 5, 20242 min read
German Petrochemical Supplier Aiotec Settles for $14.5 Million Over Sanctions Violation
Aiotec, a German supplier of petrochemical parts, has agreed to pay $14.5 million to settle allegations that it participated in a...
Dec 4, 20242 min read
UK Treasury Freezes Assets of Northern Irish Man Over New IRA Links
The British Treasury has invoked counter-terrorism laws to freeze the assets of a Northern Ireland man accused of involvement in...
Dec 4, 20241 min read
Myanmar Tops 2024 Basel AML Index as Highest-Risk Jurisdiction for Money Laundering
Myanmar has been ranked as the highest-risk jurisdiction for money laundering globally in the 2024 Basel Anti-Money Laundering (AML)...
Dec 4, 20242 min read
Thales Group Faces Investigations in the U.K. and France Over Alleged Bribery in Asia
French defense and aviation giant Thales Group is under investigation by authorities in both the U.K. and France for alleged involvement...
Dec 3, 20241 min read
BaFin Ends Special Monitor for Deutsche Bank’s Money-Laundering Controls
German financial regulator BaFin has reportedly withdrawn a special monitor assigned to Deutsche Bank, who was tasked with overseeing the...
Dec 3, 20241 min read
U.S. Sanctions 21 Top Venezuelan Officials Over Alleged Election Fraud
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on 21 high-ranking Venezuelan ministers and security...
Dec 3, 20242 min read
Macquarie Bank Fined $16M by FCA for Control Failures Enabling Fake Trades
The U.K.’s Financial Conduct Authority (FCA) has imposed a fine of over £13 million (approximately $16.3 million USD) on the London...
Dec 2, 20242 min read
Swiss Prosecutors Indict Lombard Odier for Aggravated Money Laundering
In a rare move against one of Switzerland's oldest and most prominent wealth managers, Swiss prosecutors have charged private bank...
Dec 2, 20242 min read
Morocco Moves Toward Cryptocurrency Regulation, Explores CBDC Development
Morocco is advancing toward the regulation of cryptocurrencies with a draft law currently in the adoption phase, according to Abdellatif...
Dec 2, 20242 min read
bottom of page