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Five Former Executives of Axiom Charged in £60 Million Fraud Case
Five senior executives of the now-defunct law firm Axiom have been charged with fraud, forgery, and alleged destruction of documents in...
Dec 24, 20242 min read
CFPB Sues Major Banks Over Alleged Zelle Fraud Failures
The U.S. Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan Chase, Bank of America, and Wells Fargo,...
Dec 23, 20243 min read
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
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
Policy and Taxation Complexities Challenge Latin America’s Growing Online Gambling Market
Latin America’s online gambling market is experiencing rapid expansion, but the progress brings with it a host of challenges. Issues...
Dec 18, 20244 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
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
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
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
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
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
Cyprus Faces Tax Policy Shift: The End of the 12.5% Era for Multinationals
The days of the favorable 12.5% corporate tax rate for multinational corporations operating in Cyprus are coming to an end....
Dec 9, 20243 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
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
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
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
Nearly £6 Billion in Suspicious Funds Used to Buy UK Properties via British Overseas Territories
Transparency International UK (TI) has uncovered that nearly £6 billion in suspicious funds have been channeled through British Overseas...
Dec 2, 20242 min read
Tether Allegedly Facilitating Money Laundering Linked to Mexican Drug Cartels
Tether, the world’s third-largest cryptocurrency by market capitalization, is under scrutiny from U.S. federal authorities for allegedly...
Nov 29, 20242 min read
UAE’s First Regulated Lottery Launched with Dh100 Million Jackpot
The UAE’s first regulated lottery operation has officially been launched, offering a grand prize of Dh100 million in the inaugural ‘Lucky...
Nov 28, 20242 min read
U.S. Lawmakers Urge Treasury Secretary to Reevaluate Ties with Hong Kong’s Banking Sector
Lawmakers in the U.S. House of Representatives have called on Treasury Secretary Janet Yellen to reconsider the United States'...
Nov 27, 20241 min read
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