TOP STORY

Nov

18

Florida Anti-Corruption Expert Charged with Handling Proceeds of Corruption

Bruce Bagley, a professor of international relations at the University of Miami, is interviewed in Mexico on Saturday, July 21, 2012. A U.S. indictment unsealed Monday, Nov. 28, 2019, charges Bagley with laundering the proceeds of corruption. (AP Images)

lock

Legs & Regs

lock
The new owner of City National Bank of New Jersey, a community lender that processed millions of dollars for suspected criminals and also violated federal safety-and-soundness rules, will not face enforcement for the institution's prior misdeeds, U.S. regulators said.
European officials revoke Anglo-Austrian Bank's license, SEB given list of around 200 suspected money-laundering firms, and more, in the midweek roundup.
In a draft report that all but promises to elicit sharp criticism from bankers, anti-graft advocates and governments alike, a group that promulgates global anti-money laundering standards has found that Russia's controls against financial crime rank among the best in the world.

Legal Brief: Cybercriminal Reliance on Money Mules Furthers Growing Problem

By : Silas Bartels, moneylaundering.com legal writer

lock

Enforcement Actions

The Securities and Futures Commission of Hong Kong banned Ma Sin Chi, a former responsible officer of Deutsche Securities Asia Limited, a subsidiary of Deutsche Bank, for life in connection with his crime of accepting bribes of approximately HK$6.4 million.
The U.S. Department of the Treasury’s Office of Foreign Assets Control entered into a settlement with the Miami, FL-based company, now doing business as Carlyle Aviation Partners Ltd, to settle its potential civil liability for apparent violations of the Sudanese Sanctions Regulations.