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US Sanctions Hungary’s Antal Rogán for Corruption, Drawing Fire from Budapest
The United States has imposed sanctions on Antal Rogán, a senior Hungarian government minister and close aide to Prime Minister Viktor...
Jan 10, 20252 min read
Legal Challenges Delay Corporate Transparency Act Compliance Deadline
Ongoing legal disputes over the Corporate Transparency Act (CTA) have postponed the deadline for small businesses to report beneficial...
Jan 9, 20252 min read
Novo Banco Dismisses Chief Risk Officer Over Suspicious Transactions, Launches Investigation
Novo Banco, Portugal’s fourth-largest lender, has terminated its Chief Risk Officer, Carlos Brandão, following the discovery of...
Jan 8, 20252 min read
Bermuda Fines Meritus Trust Company $600,000 for AML and Sanctions Breaches
Meritus Trust Company has been fined $600,000 by Bermuda for breaches of anti-money laundering (AML) and sanctions compliance...
Jan 7, 20251 min read
Culture of Secrecy and Mistrust Hampered Swiss Response to Credit Suisse Collapse, Report Reveals
An inquiry into the collapse of Credit Suisse in 2023 has exposed a culture of secrecy, mistrust among officials, and efforts to minimize...
Jan 3, 20253 min read
Top 5 Business Risks for 2025: U.S. Uncertainty, Global Trade War, Cyber Attacks Dominate
A leading risk management firm, Control Risks, has identified the top five risks that businesses are likely to face in 2025, accompanied...
Dec 31, 20243 min read
Dubai Authorities Dismantle Two Major International Money-Laundering Networks Totaling AED 641 Million
In a significant operation led by Dubai authorities and federal agencies, two major international money-laundering networks responsible...
Dec 30, 20242 min read
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
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