Category: Banking

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US plans major update to AML rules to ensure financial institutions have ‘effective and reasonably designed anti-money laundering program’

Leaked EU proposal calls for bloc-wide crypto asset regulations

Philippe Vollot tackles financial crime

How Danske responded to Estonia money laundering scandal, including doubling Compliance team – Deutsche veteran Vollot on leading the change

Gamblers using online shopping to launder billions in China

Brazil’s ex-president faces fresh R$4 million laundering charge

Hong Kong family arrested in multi-billion-dollar laundering probe

Deutsche to pay over half a million to US for sanction violations

JPMorgan Chase investigating customers and employees over Coronavirus payment program

Film producer surrenders over $60 million in money laundering settlement

UK’s Financial Regulator publishes new financial crime reporting requirements

Credit Suisse under fire from Belgian authorities amid tax evasion allegations

Goldman Sachs finalise Billion dollar settlement over 1MDB scandal

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OFAC Basics Video Series – Requesting OFAC Guidance
OFAC
May 23, 2025
Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) is releasing the fourth video in its "OFAC Basics" video series, "Requesting OFAC Guidance." This video provides a tutorial on how to contact the OFAC Compliance Hotline with questions about how to comply with OFAC-administered sanctions programs or where to find helpful guidance on OFAC's website. You can find all of OFAC's video guidance on the OFAC Video Series page.
FCA bans former Credit Suisse vice president following US criminal conviction
Financial Conduct Authority
May 23, 2025
Ms. Subeva is the third former Credit Suisse employee banned for lacking integrity, following their US convictions for conspiracy to commit money laundering connected to corrupt loans to the Republic of Mozambique. On 20 May 2019, Ms Subeva pleaded guilty in the US for her role in a conspiracy to commit money laundering, which included accepting and retaining US$200,000 from one of her co-conspirators in unlawful kickbacks in connection with the loans
Operation ENDGAME strikes again: the ransomware kill chain broken at its source
Europol
May 23, 2025
Cybercriminals around the world have suffered a major disruption after law enforcement and judicial authorities, coordinated by Europol and Eurojust, dismantled key infrastructure behind the malware used to launch ransomware attacks. From 19 to 22 May, authorities took down some 300 servers worldwide, neutralised 650 domains, and issued international arrest warrants against 20 targets, dealing a direct blow to the ransomware kill chain.