News

The former top official at the Financial Action Task Force told ACAMS moneylaundering.com the anti-money laundering watchdog sometimes relies on antiquated processes for decision-making and often bows to political pressure, undermining its mission of boosting global standards against illicit finance. More U.S. regulators expect smaller banks will have to make more significant changes to their compliance programs to reflect a new U.S. list of priority financial crime threats than larger, global lenders, moneylaundering.com reported. More A U.S. federal appeals court suspended federal criminal proceedings against Halkbank for allegedly helping Iran evade U.S. sanctions pending the Turkish lender's appeal to the...