A crackdown on Dutch financial gatekeepers who fail to comply with anti-money laundering rules is handing investigators in the Netherlands a cache of useful leads.
The U.S. government's increased scrutiny of legal and financial gatekeepers tied to money laundering schemes is likely to motivate some banks to spend more time reviewing related accounts, say compliance professionals.
Banks should expect more governmental oversight of financial crime controls under a Democratic administration and Congress, despite renewed industry calls for regulatory relief, say observers.
Most U.K. lawyers have adjusted their policies and procedures to comply with the country's latest Money Laundering Regulations, but are unhappy about the burden of the new requirements, according to an online survey by the Law Society of England and Wales.
The U.S. Justice Department, in an indictment unsealed Thursday, accused Ben Kuehne and two other individuals of helping to disguise the origin of more than $5 million in payments from a narcotics trafficker to his defense attorney.
print