A series of news reports alleging improper, potentially illegal dialogue and other ties between Russian officials and aides of U.S. President Donald Trump should prompt financial institutions to review batches of transactions for suspicious activity, several industry sources told ACAMS moneylaundering.com. In a public hearing Monday, FBI Director James Comey told lawmakers that federal officials are investigating "any links" between members of Trump's election team and Russian government officials for evidence of a coordinated scheme to defeat the presidential campaign of then-Democratic nominee Hillary Clinton. The U.S. Financial Crimes Enforcement Network, or FinCEN, is also investigating financial ties between current...
U.S. Democratic lawmakers introduced a raft of resolutions Friday requesting the production of President Donald Trump's tax returns, bank records and other documents they believe may expose alleged financial crimes or conflicts of interest.
Several global lenders based in Europe have ordered highly sensitive, enterprise-wide internal reviews of their clients and accounts to identify any ties they may have with U.S. officials and individuals close to President Donald Trump, sources told ACAMS moneylaundering.com.
The U.S. financial intelligence unit is taking too long to provide Congress with restricted information that some say may indicate criminal ties between Russia and President Donald Trump, his relatives and associates, say federal lawmakers.
U.S. financial institutions should respond to negative media coverage of current and former associates of President Donald Trump by reassessing the compliance challenges affected customers and transactions present, according to a former federal regulator.
A former U.K. agent has claimed in an unverified, previously secret dossier published Tuesday that Russian officials threatened to blackmail U.S. President-elect Donald Trump and attempted to infiltrate Western financial institutions.
A bipartisan group of 10 senators unveiled legislation Tuesday that would require the U.S. Treasury Department to establish a "high level task force" to focus exclusively on tracking and stopping Russian money laundering operations.