News

The U.S. financial intelligence unit assessed a $15 million penalty against a Puerto Rican "international banking entity" for violating anti-money laundering rules, ACAMS moneylaundering.com reported. More Nine additional lawmakers have backed a proposal by Sen. Elizabeth Warren (D-MA) to impose AML obligations on virtual asset service providers, Politico reported. More TD Bank's U.S. head of retail operations said the federal investigation into the lender's AML program is "manageable" after claiming in August that the company expects fines and other penalties, Reuters reported. More Swiss asset-management firm Finport served politically exposed persons accused of corruption and embezzlement despite adverse news and...