Topic: Money laundering

Ex-SFO lawyer: SAR regime not fit for purpose

A former lawyer at the UK’s anti-fraud agency has criticised the ineffectiveness of the system for reporting suspicious transactions in the US and the UK.

07 October 2020

Finma raps private bank for inadequate checks on Venezuelan clients

An investigation by Switzerland’s market regulator has found that private lender Banca Credinvest “seriously breached” anti-money laundering rules by failing to keep a watchful eye on high-risk Venezuelan clients.

06 October 2020

Ex-Miami prosecutor: South American investigations are speeding up

Michael Nadler, who prosecuted some of the most well-connected individuals in Venezuela, spoke to GIR about his time tracking corruption. “When you start putting the totality of it all together, it’s just staggering,” Nadler said.

06 October 2020

US prosecutors charge cryptocurrency executives over compliance failures

02 October 2020

Brazil charges Avianca owners with money laundering

30 September 2020

Danske Bank CEO travels to US to discuss money laundering investigation

28 September 2020

US accountant sentenced to 39 months in Panama Papers case

25 September 2020

Westpac signs Australia’s largest corporate settlement over money laundering breaches

Australia’s attorney general called the bank’s anti-money laundering record “abysmal” after it agreed to pay a fine that is close to double the previous highest corporate penalty in the country.

24 September 2020

Finma orders monitoring of private bank over lax due diligence on Angolan client

The Swiss market regulator has imposed a monitor to oversee Bank SYZ’s anti-money laundering compliance after the Geneva-based lender breached due diligence requirements for high-risk customers.

24 September 2020

US watchdog wants FinCEN to improve law enforcement access to SARs

23 September 2020

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