Latvia’s Fintech Pivot Carries Considerable Risk
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Enforcement Actions
The Hong Kong Monetary Authority imposed a HK$4 million monetary fine against the Hong Kong, China-based bank for contraventions of the Anti-Money Laundering and Counter-Terrorist Fi.nancing Ordinance
December 6, 2024
The Reserve Bank of India imposed a monetary penalty against the Andhra Pradesh, India-based bank for failure to adhere to its know your customer obligations.
December 5, 2024
Legs & Regs
Europol Financial Intelligence Partnership Hosts Plenary
The Europol Financial Intelligence Public-Private Partnership hosted its 25th plenary in The Hague, bringing together EU delegates to discuss issues surrounding the fight against financial crime.
December 6, 2024
Massachusetts Sober Home Operator Pleads Guilty to Fraud, ML
Federal prosecutors announced that Daniel Cleggett, the operator of multiple sober homes and insulation companies in Massachusetts, pleaded guilty for his involvement in multiple fraud schemes.
December 6, 2024
HM Treasury Corrects One Entry on Domestic Terrorism Sanctions List
HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning corrections made to the sanctions entry for one individual designated under the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019.
December 6, 2024
AUSTRAC Targets Noncompliant Crypto ATM Providers
The Australian Transaction Reports and Analysis Centre announced a crackdown on cryptocurrency ATM providers who fail to comply with the country’s anti-money laundering and counterterrorist financing regulations.
December 6, 2024
December 3, 2024
In this episode of Financial Crime Matters, author Zeke Faux, former public prosecutor Erin West and freelance reporter Danielle Keeton-Olsen dissect cryptocurrency-related fraud schemes and forced labor operations in Cambodia with Kieran Beer, editor in chief of ACAMS moneylaundering.com.
October 16, 2024
In the latest episode of Sanctions Space, Justine is joined by Jessica Bartlett, managing director and head of Global Financial Crime Legal at Barclays. They discuss how the global sanctions landscape has changed over the past decade, the interlinkage between sanctions and export controls and how financial institutions need to undertake a mindset shift to strengthen sanctions compliance.
DATE: 04/28/25 - 04/30/25
LOCATION: Diplomat Resort & Spa,
3555 South Ocean Drive
Hollywood, FL 33019 United States
Hollywood, FL 33019 United States
More News
FCA under pressure, regtech carries risks, and more, in the weekly roundup.
December 6, 2024
EXCLUSIVE: Regtech Failures Plaguing European Banks
By Koos Couvée
Around half of the 256 EU financial institutions caught breaching AML rules this year exhibited an "unthinking" reliance on new technology to carry their compliance programs.
December 5, 2024
CTA halted, Deutsche Bank exits monitorship, and more, in the midweek roundup.
December 4, 2024
Federal Judge Orders Nationwide Halt of Beneficial Ownership Reporting
By Chelsea Carrick
A federal court in Texas banned enforcement of the Corporate Transparency Act across the U.S. on Tuesday, less than a month out from the measure's first deadline for tens of millions of legal entities to identify their true owners to the Financial Crimes Enforcement Network, or FinCEN.
December 4, 2024
Breaking December 4, 2024: 10:51 am ET
Enforcement Actions
The Hong Kong Monetary Authority imposed a HK$4 million monetary fine against the Hong Kong, China-based bank for contraventions of the Anti-Money Laundering and Counter-Terrorist Fi.nancing Ordinance
December 6, 2024
The Reserve Bank of India imposed a monetary penalty against the Andhra Pradesh, India-based bank for failure to adhere to its know your customer obligations.
December 5, 2024