Anti-Financial Crime & Financial Crime Compliance
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ANALYSIS: FATF push on information sharing puts pressure on AMLA to complete PPP framework

Premium October 14, 2026

PLENARY: File photo shows the June FATF plenary in Berlin in 2022.

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INSIGHT: Fincrime leaders warn that fraud risks becoming a national security issue

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BREAKING: Bank of America fined $1.2 billion over AML, fraud allegations relating to China

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BREAKING: UK authorities arrest three in money laundering and insider dealing probe

By CARLO BOFFA, EU Correspondent International pressure is mounting on the European Union to establish a framework allowing the private sector and public authorities to exchange information to combat financial crime, as the bloc risks falling short of international standards. The EU’s Anti-Money Laundering Authority (AMLA) and the European Data Protection Board (EDPB) have begun…

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Premium

INSIGHT: Fincrime leaders warn that fraud risks becoming a national security issue

 Premium

BREAKING: Bank of America fined $1.2 billion over AML, fraud allegations relating to China

 Premium

BREAKING: UK authorities arrest three in money laundering and insider dealing probe

Regulatory Watch News

  • U.S. Treasury Announces Record Enforcement Actions Against Bank of America

    US Department of the Treasury

    WASHINGTON—Today, the U.S. Department of the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America (“the Bank”), the second-largest bank in the United States, for violations of anti-money laundering and sanctions laws.  These actions include the third-largest penalty in Treasury history and the largest in the Office of the Comptroller of the Currency (OCC) history.

    • The Financial Crimes Enforcement Network (FinCEN) assessed a $1.2 billion penalty for the Bank’s failure to mitigate and report priority national security risks, including Chinese Money Laundering Networks and illicit finance along the southwest border.
    • The OCC assessed a $750 million civil money penalty for the Bank’s deficient and ineffective BSA/AML (anti-money laundering) compliance program.
    • The Office of Foreign Assets Control (OFAC) announced an $11.6 million settlement agreement with the Bank over apparent violations of numerous sanctions programs, including on Iran, Russia, narcotics, and global terrorism.

  • Treasury Targets Cartel del Noreste’s Horse Racing Enterprise and Expansive Criminal Network

    OFAC

    WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned four individuals and 11 entities connected to the U.S.-designated Foreign Terrorist Organization (FTO) Cartel del Noreste (CDN). Those designated include individuals and businesses involved in quarter horse racing, construction, trucking, and the oil and gas sector, highlighting the cartel’s diverse commercial footprint. CDN’s evolution from its predecessor, Los Zetas—responsible for some of the deadliest mass‑casualty attacks in Mexican history—underscores the severity of CDN’s continued threat to the United States and the region.

  • Update to UK Sanctions List: Iran Regime

    UK Government

    Today, Monday 12 October, the UK Government has designated 2 individuals under the Iran Sanctions Regime. Designated Individuals:

    Name: Unique ID:
    Ruhollah BAZGHANDI IRN0282
    Shahram Ali Reza Tamarzadeh JAKKI IRN0283

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