Work Area: Anti-money laundering

Deutsche Bank facing more fines for AML compliance failings

16 February 2024

"A monster of complexity”: US Republicans attack new beneficial ownership rules

Republican legislators questioned Treasury officials over how the Financial Crimes Enforcement Network is implementing new rules that require businesses to report information on their beneficial owners, attacking a new filing system as complicated and burdensome.

14 February 2024

SFO director says expect more dawn raids, suggests paying whistleblowers

White-collar lawyers in London said they were impressed by Nick Ephgrave’s confident speech and stated intentions but added that his efforts may be foiled by a lack of resources and experience at the agency.

14 February 2024

Slovakia amends criminal law to abolish anti-corruption office

09 February 2024

“Creative” UK law enforcement is more active than some may think: Max Hill KC

King & Spalding’s latest hire in London foresees more DPAs and more cases where enforcers use a variety of old and new, civil and criminal legal statutes.

09 February 2024

Former prosecutors: FEPA could close gaps in foreign bribery enforcement

Former foreign bribery prosecutors in the US said the Foreign Extortion Prevention Act has various applications for corruption cases, but the DOJ’s plans for utilising the new law are not yet clear.

08 February 2024

Cyprus plans dedicated sanctions agency by end of 2024

07 February 2024

UK Environment Agency launches economic crime unit

The UK government has introduced a new unit within its environmental protection agency tasked with investigating money laundering and other financial crimes linked to the waste sector.

05 February 2024

Two convicted in Danske Bank-linked money laundering case in Denmark

A Copenhagen court has sentenced two individuals to a combined 16 years in prison for their roles in laundering billions of dollars in illicit funds through Danske Bank’s Estonian branch.

05 February 2024

Malaysia halves Najib’s sentence over 1MDB corruption role

02 February 2024

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