Some law firms in the UK are under investigation by the NCA and OFSI over their alleged involvement in breaches of UK sanctions. According to OSFI director Giles Thompson, a
The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty in the amount of more than $29 million against Bittrex, for violations of the Bank Secrecy Act (BSA)
The UK has announced its decision to withdraw all its troops in Mali and place them in Ghana. However, former African Minister Rory Stewart has highlighted it was a struggle ‘to
The US Treasury’s Office of Foreign Assets Control (OFAC) announced that TD Bank, N.A. has agreed to pay $115,005.04 to settle its potential civil liability for violations of the North
The Financial Conduct Authority in December 2021 fined the U.K. unit of HSBC Holdings Plc 64 million pounds ($85 million) after finding “serious weaknesses” in the automated processes it used
The head of Mexico’s financial intelligence unit was replaced on Monday, 8th November 2021. According to the Mexican government, a large amount of cash was found in possession of guests
On 12th November, the FCA reported a fine of over £600,000 to Sunrise Brokers LLP for deficient anti-money laundering systems and controls. This is the second case brought by the
In the latest report by the ICIJ, the leaked records continue to expose billions of dollars of spending by the rich and famous celebrities and politicians, oligarchs and other members
On 22 October, the Financial Action Task Force (FATF), set up by the G7 group of advanced economies to protect the global financial system, has downgraded Turkey to the grey
On October 3, Swiss police raided the offices of Credit Suisse and seized documents relating to the collapse of its $10bn fund range linked to Greensill Capital. The searches were
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