TOP STORY

Nov

29

Massachusetts Targets 10 Percenting Lottery Schemes

Federal prosecutors in Massachusetts recently filed money laundering charges against suspects accused of running “10 percenting” lottery schemes. (Getty Images)

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Legs & Regs

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Enforcement Actions

The Reserve Bank of India imposed a monetary penalty on the Indian bank for noncompliance with the regulator's directions concerning the bank's Know Your Customer obligations.
The Financial Intelligence Analysis Unit of Malta issued a €15,000 penalty against an unnamed corporate services provider after the regulator found two instances where the individual failed to file expected suspicious activity reports.