Weekly Roundup: London Law Firm Penalized for AML Lapses, Global Regulatory Fines Plummeted in 2021, and More

Mishcon de Reya received a record £232,500 fine from the legal sector regulator in England and Wales after the London-headquartered law firm admitted breaching anti-money laundering rules from 2015 to 2019, the Financial Times reported. More Global regulators in 2021 issued a combined $5.4 billion in fines for violations of AML and data protection rules, half the total monetary penalties they imposed the previous year, City A.M. reported, citing independent research. More Israel's central bank ordered domestic lenders to accept any funds derived from cryptocurrency-related activity that pass AML checks, Cointribune reported. More Estonia's cryptocurrency industry is especially vulnerable to exploitation by financial...