Work Area: Anti-money laundering

Australian state metals company avoids AML fine

23 November 2023

“Access to US customers is a privilege, not a right”: CFTC commissioners warn crypto industry

After a record settlement with crypto exchange Binance, commissioners at the US commodities regulator put the industry on notice that flouting of US laws will not be tolerated.

22 November 2023

Binance to pay $4.3 billion to resolve massive US compliance failures

As part of resolutions with several US agencies, the company pleaded guilty to operating an unlicensed exchange, ignoring anti-money laundering regulations, and facilitating over one million illegal trades from users in sanctioned jurisdictions.

21 November 2023

US fines two UK reinsurers for Ecuador bribery scheme

Tysers Reinsurance Group and HW Woods scored deferred prosecution agreements with the DOJ after cooperating with prosecutors investigating a sprawling bribery scheme linked to two Ecuadorian state-owned insurance companies.

20 November 2023

Records show decline in new FCPA cases at SEC continues

Lawyers say the continued downturn in new cases at the SEC’s foreign bribery unit could be related to DOJ guidance on self-disclosure and sanctions.

15 November 2023

Somali asset recovery case leads to discovery dispute with State Department

A lawyer who is accused of illicitly gaining access to Somali assets that were frozen throughout the country’s civil war alleges that both prosecutors and the State Department have been withholding exculpatory information.

15 November 2023

Lawyer guilty of “tipping off” businessman during SFO’s ENRC probe

Featured in Investigator's Guide to the UK

London solicitor William Osmond has been convicted of forgery and illicitly disclosing the existence of a money laundering investigation after the Serious Fraud Office accused him of leaking details about an evidence-gathering order during the now-shuttered ENRC investigation.

15 November 2023

California judge throws out Amadea ownership dispute

A judge dismissed a case in which a former executive for a major Russian oil company contested the DOJ’s seizure of a yacht because the ownership battle should be brought to Manhattan, where prosecutors are seeking its forfeiture.

14 November 2023

People News: Swedbank selects new interim head of financial crime

In the latest roundup, Swedish lender Swedbank has appointed its head of operational risk to temporarily lead its anti-financial crime operations and the former US attorney for the Southern District of California has moved back to private practice.

14 November 2023

Estonia money laundering trial of ex-Danske managers begins

The trial in Estonia of six defendants accused of taking part in a $1.6 billion money laundering scheme at Danish lender Danske Bank’s Estonian branch has begun.

14 November 2023

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