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Our latest thinking on financial crime compliance, regulatory change, technology, and the forces reshaping global risk management.
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Owner of Florida Labor-Staffing Companies Pleads Guilty to Tax Fraud and Money Laundering
A Ukrainian national pleaded guilty today to conspiracy to defraud the United States and conspiracy to commit money laundering.
US Department of Justice
Nov 2, 20241 min read
Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering, Combating the Financing of Terrorism, and Counter-Proliferation Finance Deficiencies
On October 25, 2024, the FATF added Algeria, Angola, Côte d’Ivoire, and Lebanon to its list of Jurisdictions Under Increased Monitoring
US FinCEN
Nov 1, 20246 min read
New Jersey Resident Pleads Guilty to Helping Russia’s Defense Sector Evade U.S. Export Controls
Vadim Yermolenko, 43, a dual U.S.-Russian national and resident of New Jersey, pleaded guilty to conspiracy to violate the Export Control Re
US Department of Justice
Nov 1, 20244 min read
Two Members of Transnational Money Laundering Organization Plead Guilty to Laundering Millions of Dollars in Drug Proceeds
A Georgia man pleaded guilty today to his involvement in a conspiracy to launder tens of millions of dollars in drug proceeds
US Department of Justice
Oct 31, 20242 min read
Foreign national pleads guilty to role in immigration fraud and money laundering scheme
An Israeli national pleaded guilty today to his role in a conspiracy to launder money and facilitate the illegal entry, harboring, and...
US Department of Justice
Nov 7, 20232 min read
Myrtle Beach Safari owner pleads guilty to federal wildlife trafficking and money laundering charges
Bhagavan “Doc” Antle, 63, of Myrtle Beach, South Carolina, pleaded guilty today to a conspiracy to violate the Lacey Act and a conspiracy...
US Department of Justice
Nov 6, 20233 min read
FCA fines ADM Investor Services International £6.5m for serious financial crime control failings
The FCA raised concerns with ADMISI in 2014 about its AML systems, including the absence of a formal process to classify customers by risk.
Financial Conduct Authority
Oct 1, 20232 min read
FCA fines Santander UK £107.7 million for repeated anti-money laundering failures
Santander had ineffective systems to adequately verify the information provided by customers about the business they would be doing.
Financial Conduct Authority
Dec 9, 20222 min read
FCA fines HSBC Bank plc £63.9 million for deficient transaction monitoring controls
Key parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight years until March 2018.
Financial Conduct Authority
Dec 17, 20212 min read
NatWest fined £264.8 million for anti-money laundering failures
National Westminster Bank Plc (NatWest) was today fined £264,772,619.95 following convictions for three offences of failing to comply...
Financial Conduct Authority
Dec 13, 20213 min read
FCA fines Standard Chartered Bank £102.2 million for poor AML controls
Serious and sustained shortcomings in Standard Chartered’s AML controls relating to customer due diligence and ongoing monitoring.
Financial Conduct Authority
Apr 8, 20194 min read
Regulation: An effective deterrence mechanism?
It has been nine years since we lurched into the financial crisis of 2008, the aftermath of which saw regulators change their approach to...
Andrew Travis
Jun 5, 20172 min read
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