News

The U.S. Treasury's Financial Crimes Enforcement Network and Commerce Department's Bureau of Industry and Security advised banks on strategies they could use to prevent attempts to obtain "low-technology consumer goods" and "critical components" with military uses for Russia, ACAMS moneylaundering.com reported. More Mihails Ulmans, who co-owns Latvia's LPB Bank, faces trial after allegedly masterminding a conspiracy to murder a local attorney who reported the lender to local authorities for enabling money laundering, the Financial Times reported. More U.K. regulators plan to refuse a bid by Revolut, Britain's most valuable electronic money institution, to obtain a banking license following a two-year...