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 of ₹1 Crore (Rupees One Crore) on the Mumbai, India-based bank for non-compliance with directions relating to its fraud detection capabilities.
The Commission de Surveillance du Secteur Financier of Luxembourg imposed a reprimand on the Luxembourg-based financial institution after an on-site inspection identified anti-money laundering and counterterrorist financing weaknesses.