News

U.S. regulators ordered Michigan-based Live Life Federal Credit Union to refrain from opening new accounts for state-licensed cannabis firms after finding deficiencies in the lender's anti-money laundering controls, American Banker reported. More The chief AML officer of BGFI Bank in the Democratic Republic of the Congo has been arrested for allegedly authorizing a $250,000 withdrawal from a frozen account, Infobascongo reported. More Many European financial intelligence units lack the technology and staffing numbers necessary to fulfill their mission, ACAMS moneylaundering.com reported. More Danske Bank may still have to pay up to $1 billion in penalties to resolve U.S. and other...