News

The head of Australia's financial intelligence unit told the Sydney Morning Herald that the agency expects to disclose more anti-money laundering enforcement actions against institutions in the next 12 months following an uptick in self-disclosures of violations. More U.K. officials are preparing to assess a £10 million penalty against Standard Chartered for unspecified violations of sanctions rules, sources told Sky News. More Norwegian regulators found significant shortcomings in the AML compliance program of DNB during their latest examination of the bank, which specializes in serving the shipping, energy and seafood sectors, Reuters reported. More Netherlands-based Rabobank will stop onboarding professional...