The European Parliament in Strasbourg is pictured in this Shutterstock photo. Recent investigations in Europe and the United Kingdom indicate that enforcement and prosecution against financial crime will increase in 2018, a panel of attorneys said during an ACAMS webinar.
Federal prosecutors in Massachusetts charged two Jordanian residents of Cyprus with running a money laundering scheme involving a bank account in Jordan, a wire transfer to an American lender and a forged invoice for medical equipment, court documents show.
The largest lender in Cyprus dropped 3,500 high-risk clients and four-fifths of its third-party business introducers over the past two years to reduce its exposure to financial crime, a senior executive with the bank said.
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