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FINMA Chief Flags Elevated Money Laundering and Sanctions Risks in Switzerland
Switzerland continues to face elevated risks related to money laundering and financial sanctions, according to the head of the country’s...
May 7, 20251 min read
Stuart Davis Departs TD Bank Following Ten-Month AML Advisory Role Amid Historic U.S. Probe
Stuart Davis, a prominent expert in financial crimes and anti-money laundering (AML), has left Toronto-Dominion Bank (TD) after...
May 7, 20252 min read
Traders Expect Full-Point Fed Rate Cut Amidst Signs of Slowing U.S. Economy
Markets are increasingly betting that the U.S. Federal Reserve will cut its benchmark interest rate by a full percentage point before the...
May 6, 20252 min read
CBC Issues 2025 AML Directive, Easing Requirements for Low-Risk Clients While Upholding Stringent Standards
The Central Bank of Cyprus (CBC) has officially released its 2025 directive on the prevention of money laundering and terrorist...
May 6, 20253 min read
Kenyan Government Orders Shutdown of Over 50 Betting Firms in Illegal Gambling Crackdown
The Kenyan government has moved decisively to clamp down on unlawful gambling activity, ordering the immediate shutdown of more than 50...
May 5, 20252 min read
U.S. Treasury Targets Cambodian Firm Huione Group Over Alleged Role in Laundering Billions in Illicit Funds
The U.S. Treasury Department announced on Friday that it plans to bar Cambodian financial conglomerate Huione Group from accessing the...
May 5, 20252 min read
North Korean Hackers Created U.S. Companies to Spread Malware to Crypto Developers, Researchers Say
North Korean cyber operatives established two businesses within the United States, violating Treasury Department sanctions, in an effort...
May 2, 20253 min read
Fitch Says Termination of US-Backed Macau Gaming Licenses ‘Highly Unlikely’ Despite Geopolitical Tensions
The "termination or non-renewal" of gaming licenses held by US-backed operators in Macau would represent a "worst-case scenario," but...
May 2, 20253 min read
TD Bank Overhauls AML Team Leadership as New Chief Jacqueline Sanjuas Implements Structural Changes
Three vice presidents within TD Bank’s financial crime risk management unit are set to depart amid a broader leadership shake-up being...
May 2, 20252 min read
EU Court Declares Malta’s Golden Passport Scheme Illegal, Marking End of Citizenship-for-Cash in the Bloc
The European Court of Justice has ruled that Malta’s controversial golden passport scheme breaches EU law, delivering a decisive blow to...
Apr 30, 20252 min read
Central Bank of Cyprus to Unveil Revised Anti-Money Laundering Directive on May 2
The Central Bank of Cyprus (CBC) has announced that it will publish an updated directive on the prevention of money laundering and...
Apr 30, 20251 min read
CySEC Promotes Participation in EU Consultation on Major Financial Regulatory Reforms
The Cyprus Securities and Exchange Commission (CySEC) announced this week the launch of a targeted consultation initiated by the European...
Apr 29, 20253 min read
Santander UK to Outsource Over 200 Fraud Roles, Sparking Job Loss Fears
Santander UK is set to outsource more than 200 positions from its fraud operations team, a decision that could lead to job losses and has...
Apr 29, 20252 min read
Texas Money Services Businesses Sue to Halt FinCEN's New Border Reporting Rule
A trade association representing Texas money services businesses (MSBs) has launched a legal challenge against a new federal reporting...
Apr 28, 20252 min read
Revolut’s Fine in Lithuania May Push It Toward Direct AMLA Supervision
This week’s decision by the Lithuanian Central Bank to impose a €3.5 million fine on Revolut for failures in financial crime compliance...
Apr 28, 20253 min read
CFPB Drops Another Consumer Lawsuit as Trump Administration Scales Back Corporate Enforcement
The Consumer Financial Protection Bureau (CFPB) continues to position itself at the forefront of the Trump administration’s broader...
Apr 25, 20252 min read
The Papal Race Goes Digital: Faith Meets Forecasts in a Global Betting Frenzy
As cardinals gather beneath Michelangelo’s frescoes in the sacred confines of the Sistine Chapel to select the next successor to Saint...
Apr 25, 20253 min read
Feedzai Acquires Demyst to Boost AI-Powered Financial Crime Prevention Capabilities
Feedzai, a global leader in artificial intelligence-based financial crime prevention, has announced the acquisition of Demyst, the data...
Apr 24, 20252 min read
EU Slaps Apple and Meta with Major Antitrust Fines Amid Tensions Over Global Trade Tariffs
In a significant regulatory move, the European Union has imposed major antitrust fines on two of Silicon Valley’s most powerful...
Apr 24, 20252 min read
UK’s Deregulation Drive Sparks Legal Debate Over Risks, Conflicts, and Uncertainty
The UK government's latest push to scale back regulations in a bid to attract businesses and investment is generating divided responses...
Apr 23, 20254 min read
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