A Guatemalan corruption scandal that toppled a presidential administration and led to the arrest of a former head-of-state has drawn scrutiny of transactions made within the United States.
Recent U.S. efforts to further clamp down on corruption and offshore bribery are likely to translate into renewed scrutiny of bank relationships with high-risk clients, say attorneys.
U.S. federal officials will soon resurrect an investigative unit targeting money launderers following a decision to shut down its predecessor two years ago in response to a budgetary sequester.
The Bank of New York Mellon will pay nearly $15 million to settle charges that it violated a U.S. anti-bribery law by granting internship positions to relatives of foreign clients.
A U.S. Senate committee on Wednesday unanimously approved a measure that would empower the White House to blacklist corrupt foreign officials and individuals responsible for human rights abuses worldwide.
Federal officials intend to investigate whether financial institutions knowingly laundered bribe payments for several indicted leaders of the world's top soccer organization, FBI Director James Comey said Wednesday.
ACAMS moneylaundering.com recently spoke with officials from the FBI's kleptocracy squad about the unparalleled cooperation and inevitable difficulties in following the money.