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
On 27th September, 2021, the British Labour party announced they will be setting up a taskforce to investigate “dirty money and ill-gotten gains” that have been laundered into London. The
On 26 Sep 2021, Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme that dated back to 2011 and
Please let us know how we can improve this page. All feedback is recorded anonymously.