Compliance

Explore the key outcomes of the FATF General Assembly February 2024, unveiling crucial updates in global financial security measures.

The details of a major international operation targeting a Maltese financial institution accused of laundering money for a Russian-Eurasian criminal network.

The United States' Financial Crimes Enforcement Network (FinCEN) has imposed a civil penalty of $100,000 on a former compliance officer for serious violations of the hashtag Bank Secrecy Act (BSA).

FinCEN's latest report reveals alarming evasion trends in Russia-related export controls.

Discover the key outcomes of the FATF Plenary in June 2023, focusing on AML/CFT.

Danske Bank was fined €1,820,000 by the Central Bank of Ireland on 13 September for three violations of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 (CJA).

On January 7, 2022, the European Commission withdrew Ghana from the EU Blacklist by recognizing that country no longer had strategic shortcomings in its AML/CFT regimes.

Despite recent state efforts to prevent money laundering and terrorist funding, the UAE is at risk  to be added to FATF's list of nations exposed to increased monitoring.

The European Court of Auditors recently warned that current anti-money laundering measures are "insufficient" in the banking sector. Yet, looking at the international panorama of banking scandals of the last decade or so, it seems that it is convenient for banks to risk, incur penalties and pay.