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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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Lead Defendants of Prolific Human Smuggling and Money Laundering Network Sentenced in Joint Task Force Alpha Investigation
Ordered to Pay Over $2.3M in Money Judgments A Texas woman and man were sentenced to 121 months and 135 months in prison and ordered to...
US Department of Justice
Jan 176 min read
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FCA fines Arian Financial LLP £288,962.53 for failings relating to cum-ex trading
The FCA has fined Arian Financial LLP (Arian) £288,962.53 for failing to ensure it had effective systems and controls against financial...
Financial Conduct Authority
Jan 103 min read
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Marketers and Healthcare Providers in Texas, Virginia and South Carolina Agree to Pay Over $1.1M to Settle Laboratory Kickback Allegations
Two laboratory marketers — Shahram Naghshbandi, of Fort Worth, Texas, and John Bello, of Chesterfield, Virginia; three physicians — Dr....
US Department of Justice
Jan 75 min read
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United States Settles False Claims Act Allegations Against Pharmaceutical Distributor for Paying Kickbacks Through Inventory Management Systems
ASD Specialty Healthcare LLC (ASD), doing business as Besse Medical (Besse), has agreed to pay $1.67 million to resolve allegations that...
US Department of Justice
Dec 13, 20243 min read
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McKinsey & Company Africa to Pay Over $122M in Connection with Bribery of South African Government Officials
McKinsey and Company Africa (Pty) Ltd (McKinsey Africa), which operates in South Africa as a wholly owned and controlled subsidiary of...
US Department of Justice
Dec 5, 20246 min read
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FCA fines Metro Bank £16m for financial crime failings
The FCA has fined Metro Bank PLC (Metro) £16,675,200. Â
Financial Conduct Authority
Nov 13, 20242 min read
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Telefónica Venezolana to Pay Over $85M to Resolve Foreign Bribery Investigation
Telefónica Venezolana entered into a deferred prosecution agreement (DPA) in connection with a criminal information
US Department of Justice
Nov 12, 20245 min read
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FCA fines Starling Bank £29m for failings in their financial crime systems and controls
The FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also...
Financial Conduct Authority
Oct 11, 20242 min read
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Financial watchdog fines Equifax Ltd £11 million for role in a large cyber security breach
Cyber-hackers were able to access the personal data of approximately 13.8 million UK consumers.
Financial Conduct Authority
Oct 13, 20233 min read
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FCA decides to fine and ban James Staley
The FCA has decided to fine former CEO of Barclays, James Staley, £1.8 million.
Financial Conduct Authority
Oct 12, 20232 min read
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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 2, 20232 min read
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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
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