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New hit for Monzo over money-laundering inquiry

OakNorth withdraws saving products

EX-Allianz employee who fled halfway across the world gets fraud sentence

He was arrested by the City of London Police's Insurance Fraud Enforcement Department (IFED), after his employer noticed issues with the claims he was handling.

Britain's Most Wanted Woman Laundered £1 Billion and Disappeared Into Thin Air

Sarah Panitzke was a well-off expat living in Spain when she became embroiled in a criminal enterprise worth £1 billion.

Venezuelan’s bond: $21 million in Swiss account, plane, yacht, lots of Miami condos

Wakil must complete the transfer of $21.3 million from his Swiss bank account to the federal court registry in Miami, while federal authorities place liens on more than a dozen properties, a plane, a yacht and local bank accounts to cover the balance for

Deutsche Bank, Standard Chartered Sued Over Afghanistan Dead

The plaintiffs are civilians, members of the military and families of people killed or wounded in Afghanistan from 2011 to 2016.

SFC fines UBS for regulatory breaches

The SFC’s investigation found that between May 2004 and May 2018

New rules proposed to tackle financial crime in the EU: is the European game now over for money launderers?

It has now proposed four specific measures in an ambitious programme of reform

Opening Keynote Speech at Fraud and Financial Crime Asia 2021 Conference

Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority

Treasury issues ‘priorities’ required by AML Act, experts cite minimal value to compliance

The priorities reflect the U.S. government’s view of the threat landscape

Ireland Update – Central Bank of Ireland updates AML/CFT Guidelines for Financial Sector

The Updated Guidelines list a number of steps that the Board should take in order to meet the necessary standard of governance and oversight.

Met Police seize record £180m of cryptocurrency in London

The seizure is the largest of its kind in the UK

Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes

The revisions reflect the further transposition of 5MLD and bring the Guidelines in line with current CBI expectations in relation to designated persons' ("firms") existing obligations under the Criminal Justice (Money Laundering and Terror

FinCEN’s First-Ever National AML/CFT Priorities Provide Insights Into Key Threats

Under the AMLA, examiners will be required to evaluate whether financial institutions appropriately incorporate the Priorities into their risk assessments and overall AML/CFT compliance programs.

Changes to the BVI's AML regime

The new AML/CFT/CPF legislative framework is being brought in as part of the extensive preparations for the jurisdiction's onsite Fourth Round Mutual Evaluation assessment by the Caribbean Financial Action Task Force (CFTAF) in July 2022.

FATF Issues Report on Money Laundering Linked to Environmental Crime

This FATF Report identifies methods that criminals use to launder proceeds from environmental crime

South African Brothers Vanish, and So Does $3.6 Billion in Bitcoin

The incident could spur regulators’ efforts to impose order on the market amid rising cases of fraud.

MFSA highlights work to combat financial crime in status update

Financial regulator emphasises work accomplished, days before FATF vote

Conman and crypto millionaire jailed for 37 years for fraud and money laundering

The man, who has been sentenced to 37 years in jail, made a habit of flaunting his wealth on social media, including his numerous travels and cosmetic surgeries.

Australia's NAB reveals anti-money laundering probe, shares fall

The investigation would now be handled by AUSTRAC's enforcement team, the agency said.

Ukraine parliament approves bill to jail officials for hiding wealth

That ruling has hobbled Ukraine's prospects of securing more IMF loans and prompted President Volodymyr Zelenskiy to suspend the head of the court.

Money Laundering and AML