Weekly Roundup: U.S. to Launch Thousands of New Tax Evasion Investigations, Actor Sean Connery Reportedly Facing Laundering Charges, And More

For the anti-money laundering (AML) compliance industry, it was a week of modest fines. On Tuesday, U.S. financial regulators disclosed that they had fined Puerto Rico-based bank $25,000 for AML problems just days before the company went into receivership in April. The United Kingdom's chief financial regulator penalized a foreign exchange brokerage and its former compliance officer over 150,000 pounds for similar compliance troubles the following day. More Canada's Financial Transaction and Reports Analysis Centre (Fintrac) meted out the smallest fines of the week, penalizing a money services business C$6,000 for failing to develop an AML program on Friday and...