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With the $3.7 billion Wells Fargo settlement, the CFPB reaffirmed its stricter position
As part of a settlement with the Consumer Financial Protection Bureau, Wells Fargo will pay a total of $3.7 billion to remedy "widespread...
Dec 21, 20223 min read
What the New Migration Changes in Germany Mean for Third-Country Citizens
The revisions to the law on the right of residence and asylum for third-country citizens who are already in Germany were approved by...
Dec 21, 20224 min read
Honeywell will pay $203 million to settle bribery accusations in Brazil and Algeria
Honeywell International agreed to pay $202.7 million to settle allegations that it paid bribes to gain government contracts in Brazil and...
Dec 20, 20223 min read
Germany's FIU chief Schulte resigns after FATF wasn't informed of 100,000 unprocessed SARs
THE HEAD OF DEUTSCHLAND'S FIU has resigned amid a scandal over FATF failing to address a significant backlog of unprocessed SARs. The...
Dec 19, 20223 min read
Another 141 Russians are barred from entering the EU for aiding Russia's illegal war in Ukraine
Since the commencement of the Ukrainian conflict, 1386 Russian citizens have been barred from entering the European Union's territory,...
Dec 19, 20222 min read
Hellenic Bank's upgrading by the agency and appreciation for its leaner design
This week, Capital Intelligence Ratings (CI Ratings) revealed that it had raised Hellenic Bank's (HB) Long-Term Foreign Currency Rating...
Dec 16, 20222 min read
How technocrats under Putin fought a war they hated while preserving the economy
Vladimir Putin's closest economic allies visited him at his home in Novo-Ogaryovo, outside of Moscow, one month before Russia began its...
Dec 16, 202212 min read
Danske Bank fooled US institutions for years to move billions of dollars
According to US court records, Danske Bank misled US banks in order to get access to the financial system for the lender's high-risk...
Dec 15, 20225 min read
The SEC suggests significant modifications to the procedure for selling securities.
TheSecurities and Exchange Commission (SEC) on Wednesday put up a set of regulations that would alter how securities are sold on American...
Dec 15, 20224 min read
Danske Bank to pay $2BN+ in penalties for AML violations
One of the greatest AML scandals recently has been resolved by Danske Bank, the largest bank in Denmark, which admitted defrauding US...
Dec 14, 20223 min read
US DOJ split postpones conclusion of Binance criminal investigation
According to reports, US Department of Justice prosecutors are divided over whether the evidence acquired in connection with a criminal...
Dec 13, 20222 min read
Santander was fined £108 million for AML violations
Santander has been penalised about £108 million by the Financial Conduct Authority (FCA) of Great Britain for AML violations in its...
Dec 12, 20222 min read
French ACPR fines Crédit Agricole €1.5M for transaction monitoring failures.
The French regulator Autorite de controle prudentiel et de resolution (ACPR) has fined global lender Crédit Agricole €1.5 million after...
Dec 12, 20222 min read
Investors eye Portuguese golden visas as officials ponder programme's end
Investments through Portugal's "golden visa," which grants affluent foreigners residency rights, increased nearly 50% last month,...
Dec 12, 20222 min read
France announces its official proposal to host the AMLA
France has begun its formal application to host the EU's Anti-Money Laundering Authority (AMLA) in Paris. The French government issued a...
Dec 9, 20222 min read
US fund managers travel across the Atlantic to purchase European energy stocks.
Following a ferocious rally in American energy stocks, European oil companies are luring US investors who see them as undervalued...
Dec 8, 20223 min read
Former Weber Shandwick CFO sentenced to more than 4 years in jail for embezzlement
For a nearly ten-year-long embezzlement conspiracy, the former chief financial officer and chief operating officer of public relations...
Dec 8, 20222 min read
The historic ruling by the EUCJ offers a chance for "contextual analysis"
Since data privacy and protection (DPP) first appeared in drafts of the Fourth Anti-Money Laundering (4AMLD) over ten years ago, the...
Dec 7, 20224 min read
In a Manhattan trial, the Trump Organization was found guilty of tax evasion
The verdict is a setback for the former US president, who is facing various legal challenges as he seeks re-election to the White House....
Dec 7, 20223 min read
#DontBeAMule Campaign results in 2,500 arrests in 25 countries through weeks of money mule targeting
In a coordinated operation against money mules and money laundering, police in 25 countries made nearly 2,500 arrests, according to...
Dec 6, 20222 min read
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