September 15, 2020, GIR
Philippe Vollot, Danske Bank’s chief compliance officer, spoke to GIR about his “obsession” with bringing in a new wave of experts to overhaul the bank’s compliance culture in the wake of a huge money laundering scandal.
September 09, 2020, GIR
The Swiss Attorney General’s Office is investigating individuals over allegations of money laundering tied to Venezuela’s state-owned oil and gas company.
September 01, 2020, JUST SANCTIONS
“Protecting Halkbank’s access to US markets and its property in the United States was not incidental to the offenses, but a principal purpose of Halkbank’s conduct,” prosecutors wrote in a court filing.
August 19, 2020, GIR
The US financial intelligence agency has outlined the factors it will take into account when making its enforcement decisions over anti-money laundering failures.
July 31, 2020, GIR
A Swiss court has ordered a former compliance officer at private bank Coutts to pay 50,000 francs for intentionally breaching anti-money laundering laws in a case linked to the 1MDB scandal.
July 24, 2020, JUST SANCTIONS
Washington, DC, federal prosecutors are attempting to seize $2.4 million linked to a scheme by North Korea’s state-owned trade bank to skirt US sanctions.
July 17, 2020, GIR
Australia’s anti-money laundering regulator has grown teeth in recent years and international financial institutions with operations in the country should be wary, lawyers say.
July 16, 2020, GIR
Latvia’s financial regulator has handed a €906,610 fine to a self-proclaimed “prosperity club for high-net-worth individuals” over breaches of the countries anti-money laundering and counter terrorism financing rules.
July 09, 2020, GIR
Five Dutch banks have agreed to share their transaction data with one another to better tackle money laundering and terrorist funding in the country’s financial system.
July 03, 2020, GIR
Spain’s National Court has handed a €22.7 million fine and prison sentences to four former employees of Chinese bank ICBC over allegations they laundered millions of euros on behalf of Asian criminal organisations.