Category: Regulatory
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OFAC hits Bank of China (UK) with $2M+ fine; says bank demonstrated ‘reckless disregard’ in violating Sudan sanctions regime
SEC shuts down Georgia Ponzi scheme with more than $100M turnover; agents say perpetrators ‘preyed upon clients’ fears’
‘Financially and emotionally devastated;’ eight charged after multi-million dollar elderly fraud scheme shut down in United States
Hong Kong Customs breaks up multi-million euro laundering ring after multiple drivers intercepted on world’s longest sea crossing
INSIGHT: Mafias and the Pandemic; the changing face of the fight against organised crime in Italy.
Major Baltic bank told to improve AML controls after rigorous inspection by all three national supervisors
Canada’s opposition plans stricter beneficial ownership rules as part of bid to win back power from Justin Trudeau
PFS reshuffles board to calm AML concerns; parent company EML expects six-figure increase in insurance cost to deal with lawsuits
Almost a tenth of financial services firms still breaking AML laws passed in 2017; new report suggests lower turnover means lower interest in compliance
BREAKING: Trouble grows for fintech Monzo as news of AML probe makes savings providers nervous – with one suspending new offers to customers
