The Financial Crimes Enforcement Network (FinCEN) has imposed more than $600 million in fines for anti-money laundering (AML) violations in just 14 months (from January 2021 to March 2022). Recent data released by FinCEN suggests that depositary institutions and money service businesses (MSB) are increasingly reporting...
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Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
The Estonian unit of Swedbank AB is a suspect in a money-laundering investigation, after a special white-collar crime investigator with Estonia’s Central Criminal Police notified the bank that Swedbank AS has been summoned, The Wall Street Journal reported on Monday (March 14). Get the Full...
The Financial Action Task Force, an intergovernmental agency that fights against money laundering, will soon put the United Arab Emirates on its so-called “gray list” over concerns the country’s leaders aren’t doing enough to squelch illegal financial activities, Bloomberg reported Thursday (March 3). Get the...
AnnaLou Tirol, deputy director of money laundering and terrorist financing watchdog Financial Crimes Enforcement Network (FinCEN), on Thursday (March 3) told attendees at AML Intelligence’s Women in FinCrime event that the group is making progress on curbing money laundering. Get the Full Story Complete the...
Crown Resorts, Australia’s largest casino operator, is accused of violating money-laundering mandates in a lawsuit filed by the country’s financial watchdog in federal court on Tuesday (March 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In the latest rebuke to Russian President Vladimir Putin for invading Ukraine, British Prime Minister Boris Johnson’s government plans to pass legislation designed to curb laundering of “dirty money” that has been used to support the war, The Financial Times reported. Get the Full Story...
A recent spate of high-profile money laundering cases involving big banks in Europe has shone a spotlight on just how thieves are making off with the cash — literally. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
