The Financial Intelligence Service of Guernsey released an annual report analyzing trends within suspicious activity reports of money laundering and terrorist financing submitted to the regulator during the course of the 2019 year.
Denmark drops charges against former Danske Bank managers, Lithuanian lenders escape U.S. probe into money laundering in the Baltics, and more, in the weekly roundup.
FATF penalizes Iran, Facebook’s new cryptocurrency draws regulatory scrutiny, and more, in this week’s roundup.
The Guernsey Financial Services Commission imposed financial penalties on the Guernsey-based firm and five current and former directors for failing to comply with applicable anti money laundering and counterterrorist financing regulations.
On Aug. 24, 2015 the Guernsey Financial Services Commission imposed financial penalties against five directors of the Guernsey-based company due to significant failings concerning its anti-money laundering and counter terrorism financing systems and controls.