Category: Compliance
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US real estate firms forfeit over $50M to federal government after cross-border ‘peso exchange’ laundering scandal
Brexit helps police in Ireland trace money launderers as they find a second €1M in cash concealed in taxi – as total seized in January tops €3M
US Defense Act allows Treasury and attorney general to access more records from foreign banks
Chinese AML fines tripled in 2020 report finds as lawmakers step up legislation
LATEST: Commerzbank CRO says bank was victim of ‘an unimaginable fraud’ in Wirecard case; committee hears that financial support was granted based on Wirecard executive testimonies
Lagarde heaps criticism on bitcoin; labels it a ‘funny business asset’ while repeating her expectations that ‘digital euro’ is on the horizon
Latvian authorities seize €4.5M and charge three in money laundering investigation stemming from flower shop
Bribery case leads to swift change of government in Estonia; PM resigns but maintains innocence amid continuing probe into Tallinn development project corruption
EBF issues ‘wish list’ for digital euro; warns of risks to banks and says service must have clear benefits for people and corporates
Three quarters of AML compliance firms flagged more suspicious activity in 2020; new report finds cybersecurity ranks as industry’s biggest headache, with major upgrades planned
