Work Area: Anti-money laundering

FCA fines Santander £108m for “significant and persistent” AML failures

The Financial Conduct Authority has issued one of its biggest-ever penalties to Spanish lender Santander's UK business for failing to prevent its customers from potentially laundering hundreds of millions of pounds.

09 December 2022

Dutch prosecutors investigating Rabobank over suspected AML breaches

08 December 2022

Russian intelligence agent indicted for sanctions breach

Andrii Derkach was sanctioned in 2020 for his involvement in a disinformation campaign targeting, among others, US President Joe Biden.

07 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

FCPA Docket: ABB settles SEC charges

The SEC levied a $75 million civil penalty on ABB, a Korean data company has been debarred from the World Bank, and Mexican bribery charges have been added to the DOJ’s case against Javier Aguilar.

05 December 2022

Former NGO heads plead guilty to Marshall Islands bribery scheme

The former heads of a New York-based NGO allegedly bribed officials in the Marshall Islands in an attempt to create a semi-autonomous region with lower tax rates.

01 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

Claudia Díaz scheme set up by predecessor, former Venezuela treasurer testifies

Díaz’s predecessor, who spent 3 years in prison for a similar bribery scheme, told a Florida federal jury how Venezuela's treasury gave benefits to brokerage houses who participated in a currency exchange scheme that yielded government officials millions in bribe payments.

30 November 2022

DOJ, SEC officials build out expectations on company ephemeral messaging rules

Featured in In-house

Justice Department and SEC officials want companies under investigation to present the rules they have in place for employees’ usage of such messaging platforms.

30 November 2022

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