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Moldova Struggles with Virtual Asset Regulation Despite Improvements in Anti-Terrorism Financing
The Republic of Moldova has made strides in preventing terrorist financing, yet continues to face significant shortcomings in its...
Jun 12, 20242 min read
TD Bank Faces Potential $4 Billion in Fines Over U.S. AML Failures, Analysts Warn
Analysts have indicated that fines against TD Bank related to a series of anti-money laundering (AML) failures at its U.S. operations...
Jun 11, 20242 min read
SkyCity to Pay $70 Million in Penalties Following Anti-Money Laundering Failures at Adelaide Casino
SkyCity is set to pay $70 million in penalties and legal costs after a series of anti-money laundering (AML) failures at its Adelaide...
Jun 10, 20242 min read
Gangs Recruit Australian Money Mules for Up to AUS$500 and Commission, AUSTRAC Warns
Gangs are offering Australian money mules up to AUS$500 and a commission for the use of their bank accounts, according to the country’s...
Jun 7, 20242 min read
CFO of The Epoch Times Arrested for Allegedly Laundering $67 Million in Stolen Funds
The Chief Financial Officer of US media group The Epoch Times, Weidong Guan, also known as ‘Bill’ Guan, has been arrested and charged in...
Jun 6, 20242 min read
Former TD Bank Employee Accused of Falsifying Documents and Facilitating Cross-Border Cash Flow
A former TD Bank employee has been accused of falsifying documents to open dozens of accounts and providing concierge-like services to...
Jun 5, 20242 min read
Investigation Uncovers Money Laundering Risks with Independent ATMs in the Netherlands
Independent ATMs not linked to banks are being used for money laundering in the Netherlands, an investigation has revealed. The Dutch...
Jun 4, 20242 min read
OPAP Sees Revenue Rise Driven by Online Casino and Lottery Growth
OPAP's online casino business propelled its revenue up by 4.2% year-on-year to €549.7m (£467.5m/$593.3m), with the Greek gambling group...
Jun 3, 20242 min read
Experts Divided on US Adoption of OECD's Pillar Two Legislation
Tax experts remain divided on whether the US will implement legislation for the OECD's pillar two framework. The OECD’s BEPS 2.0 reform...
May 31, 20243 min read
Hungary's Central Bank Urges OTP Bank to Reduce Russian Exposure
Hungary's central bank has directed OTP Bank to further reduce its exposure to Russia and implement precautionary measures under close...
May 30, 20242 min read
MONEYVAL Reports Improvement in Anti-Money Laundering Measures for Bulgaria, Holy See, and San Marino
Grey-listed Bulgaria, along with the Holy See and San Marino, have all shown improvements in their measures to combat money laundering,...
May 29, 20242 min read
European Banking Authority Proposes Overhaul of Virtual IBAN Regulations
The European Banking Authority (EBA) has proposed a comprehensive overhaul concerning the treatment of virtual IBANs (vIBANs) by...
May 28, 20242 min read
London Court Sentences Woman to Prison for Money Laundering in £5 Billion Fraud Case
A woman has been sentenced to nearly seven years in prison by a London court after being found guilty of money laundering in connection...
May 27, 20241 min read
EPA Intensifies Inspections as Cybersecurity Threats Jeopardize Public Drinking Water Systems
The Environmental Protection Agency (EPA) is ramping up its inspections of public drinking water systems after discovering that a...
May 24, 20242 min read
N26 Fined €9.2 Million by BaFin for Reporting Failures in Money Laundering Controls
Online bank N26 has been hit with a €9.2 million fine by BaFin, Germany’s financial regulator. BaFin identified issues related to the...
May 23, 20241 min read
EU's Plan to Divert Frozen Russian Assets to Ukraine Sparks Concerns as Diplomat Warns of Potential Consequences
A Russian diplomat has expressed concerns regarding the European Union's decision to divert profits from frozen assets of the Russian...
May 22, 20242 min read
Eurogroup President Donohoe Calls for Enhanced Measures Against Financial Crime at European Summit
Eurogroup President Paschal Donohoe inaugurated the ‘European Anti-Financial Crime Summit 2024’ (EAFCS) with a call to action, stating...
May 21, 20242 min read
TRACFIN Director Antoine Magnant Stresses Public-Private Partnerships to Combat Cybercrime and Protect Democracy at EAFCS
Antoine Magnant, director of TRACFIN, emphasized the importance of Public-Private Partnerships (PPPs) in combating cybercrime to protect...
May 20, 20242 min read
NYDFS Releases Cybersecurity Guidance for Small Businesses in Financial Sector
The New York State Department of Financial Services (NYDFS) has issued guidance intended to aid small businesses in meeting their...
May 17, 20242 min read
SEC Chief Accountant Urges Audit Firms to Uphold Ethical Standards and Accountability
Staff members at the Securities and Exchange Commission (SEC) have raised concerns about audit firms setting poor examples for junior...
May 16, 20242 min read
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