Topic: Money laundering

NCA serves arrest warrant in 1MDB case

The UK’s National Crime Agency has served PetroSaudi’s lawyers with an arrest warrant seeking around $300 million that was allegedly stolen from Malaysian sovereign wealth fund 1MDB.

29 November 2021

Latvian regulator fines PrivatBank over AML failings

23 November 2021

Bank CEO queries effectiveness of growing compliance bureaucracy

23 November 2021

Hong Kong regulator fines four banks over anti-money laundering breaches

Hong Kong’s banking regulator has fined Swiss lender UBS, Commercial Bank of China and two other banks for historic anti-money laundering breaches.

22 November 2021

Former Citgo official sentenced to probation

A former official at Houston oil company Citgo avoided prison after admitting to her role in a bribery scheme.

22 November 2021

US tax agency shifts enforcement focus

IRS investigators are spending more time looking into non-tax crimes such as corruption, fraud and money laundering.

19 November 2021

Swiss banks punished over Venezuela AML failures

The two banks, however, were able to avoid a financial penalty because they cooperated with the Swiss financial regulator's investigation.

18 November 2021

Danish regulator finds flaws in Danske Bank’s compliance systems

Denmark’s financial regulator has said that Danske Bank has inadequate sanctions screening and monitoring processes.

17 November 2021

Rabobank facing punishment over AML failures

Dutch lender Rabobank says it is facing punitive action from the country’s central bank over potential deficiencies in its anti-money laundering compliance systems.

16 November 2021

DOJ dealt jurisdictional blow in PDVSA bribery case

A federal judge rejected the DOJ’s theory that a Swiss asset manager acted as an agent under the FCPA for her alleged role in a corrupt scheme at Venezuela’s state oil company.

15 November 2021

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