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Weekly Roundup: ‘El Chapo’ Arrives in New York, 1MDB Suspect’s Family Changes Trustees, and More Mexican drug kingpin Joaquin “El Chapo” Guzman has been extradited to the U.S., global banks HSBC and UBS may relocate 2,000 employees out of London due to Brexit, and more, in this week's roundup.
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January 20, 2017
EU Lawmakers Want AML Blacklist to Include Tax Havens The European Parliament on Thursday overwhelmingly rejected a proposed blacklist of nations prone to financial crimes because it did not include offshore jurisdictions frequently involved in tax violations, say sources.
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January 20, 2017
Western Union Settles Federal AML and Wire Fraud Charges The world’s largest remitter has agreed to pay $770 million for transferring hundreds of millions of dollars over a period of several years for human smugglers, drug traffickers and fraudsters in the United States and abroad, U.S. officials said Thursday.
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January 19, 2017
Rolls-Royce Fined $830 million in Landmark Global Bribery Settlement In the United Kingdom’s largest deferred-prosecution to date, iconic British engine manufacturer Rolls-Royce agreed Tuesday to pay more than $800 million for bribing dozens of foreign officials in seven countries to secure business over a 24-year period.
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January 19, 2017
WesternUnion
Western Union agreed to hand over $770 million to U.S. authorities for ignoring fraud schemes involving several of its agents in the United States and overseas, among other violations, federal prosecutors disclosed Thursday. The MSB has been the target of multiple enforcement actions in recent years for a wide range of compliance-related offenses. More
DOJ: Sinaloa Cartel Leader Faces Drug-Related, Money Laundering Charges Acting Attorney General Sally Q. Yates announced that Joaquin Archivaldo Guzman Loera has been extradited to the United States from Mexico to face a superseding indictment filed in the Eastern District of New York alleging a variety of drug-related crimes and money laundering.
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January 20, 2017
Australian Regulator Publishes Latest Edition of Consolidated Sanctions List Australia's Department of Foreign Affairs and Trade updated its Consolidated List that includes all persons and entities subject to financial sanctions under the Charter of the United Nations Act 1945 and the Autonomous Sanctions Act 2011.
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January 20, 2017
FCA Enforcement Director Discusses Senior Manager's Regime, International Collaboration Financial Conduct Authority Director of Enforcement and Market Oversight Mark Steward issued remarks at the Practising Law Institute’s annual seminar on securities regulation in Europe concerning the senior manager’s regime and international cooperation on enforcement efforts.
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January 19, 2017
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On Nov. 9, 2016, the Caribbean Financial Action Task Force asked its members to consider the risks arising out of:
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From the Editor: Cyberattacks Require Response from AML Pros

September 23, 2016

Proposed regulations from the New York State Department of Financial Services and guidance from the Central Bank of Ireland released this month should prod compliance officers to talk more about the growing elephant in the room: cybersecurity.

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DOJ: Las Vegas Sands Corp. to Pay $6.96 Million for FCPA Violations The U.S. Justice Department entered into a deferred prosecution agreement with the Las Vegas, NV-based gaming and resort company requiring it to pay the penalty and cooperate in connection with violations of the Foreign Corrupt Practices Act and its failure to implement adequate accounting controls.
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January 19, 2017
FTC Orders The Western Union Company to Satisfy $586 Million Monetary Judgment, Implement Anti-Fraud Program The Federal Trade Commission entered into an agreement with the Englewood, CO-based company for alleged violations of the Federal Trade Commission Act and other anti-fraud laws.
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January 19, 2017
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