Topic: Money laundering

Danske Bank to pay $2 billion for US bank fraud

The Danish bank admitted to funnelling $160 billion through US banks on behalf of non-resident customers using its Estonian branch.

13 December 2022

ASIC goes after Star Entertainment execs over casino’s AML failures

Australia’s corporate regulator has filed a civil case against almost a dozen of Star’s former and current leadership team including a former CEO and its former chief legal and risk officer.

13 December 2022

Dutch prosecutors investigating Rabobank over suspected AML breaches

08 December 2022

Austrac sues third casino operator in 2022

Australia’s civil anti-money laundering enforcer has started legal action against SkyCity, just a week after launching similar proceedings against another gambling business.

07 December 2022

Malta lays out AML failures at local HSBC branch

06 December 2022

Glenn Leon: data analytics in corporate compliance not about the “shiniest tool”

Featured in In-house

The head of the DOJ’s fraud section said in-house lawyers should make the most of their resources when introducing data analytics into their company’s compliance programme, and indicated that more enforcement actions and policy changes are on the horizon.

01 December 2022

US Democrats introduce DOJ corporate crime database bill

The legislation’s sponsors sent a letter to US attorney general in October urging him to create the database

30 November 2022

Danish regulator reports local bank to police for suspected AML violations

29 November 2022

GIR Live: OFAC reviewing enforcement guidelines

The associate director of compliance and enforcement at the US Treasury Department’s office of foreign assets control said that his office is seeking public input on potential changes to enforcement guidelines from 2009.

22 November 2022

DOJ: cooperators in case against Bolivian official should get reduced sentences

The individuals pleaded guilty to participating in a scheme with Bolivia’s former minister of government Arturo Carlos Murillo Prijic, and continued to cooperate in the US case against him.

21 November 2022

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