Former US Officials, Prosecutors
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Anti-graft Campaigners Hail EU Ruling on Malta’s ‘Golden Passport’ Scheme
By Gabriel Vedrenne
Tuesday's decision by the EU's top court to declare Malta's "golden passport" program unlawful will likely boost the bloc's fight against illicit finance by dissuading other nations to launch or resurrect similar schemes, sources told ACAMS moneylaundering.com.
April 29, 2025
Remittance Industry Expects More Legal Challenges to Border GTO
By Charlie Passut
The number of money services businesses in border regions suing the U.S. government over a new requirement to file currency transaction reports on cash transfers worth $200 or more is likely to grow, Western Union's compliance chief told ACAMS moneylaundering.com.
April 29, 2025
Breaking April 29, 2025: 4:45 am ET
EU’s Top Court Declares Malta’s ‘Golden Passports’ Scheme Unlawful
FDIC Scrubbing All Mentions of Reputational Risk
By Chelsea Carrick
The Federal Deposit Insurance Corp. has begun removing all references to the concept from the agency's examination manuals and guidance.
April 28, 2025
A raft of executive actions could herald a change in the White House's approach towards the global anti-financial crime group it helped create.
April 28, 2025
Enforcement Actions
South African Regulator Fines Absa Bank Limited R10 Million for CDD, Transaction Monitoring Failures
The South African Reserve Bank announced that the Prudential Authority imposed administrative sanctions on the Johannesburg, South Africa-based bank for multiple violations of the Financial Intelligence Centre Act.
April 25, 2025
The Solicitors Regulation Authority entered into a regulatory settlement agreement with the Alnwick, U.K.-based law firm that requires it to pay a £15,598 fine and investigation costs of £600 for violating anti-money laundering and counterterrorist financing requirements.
April 29, 2025
Legs & Regs
DOJ Announces Sentencing of Two California Men for ML, Fraud
The U.S. Attorney’s Office for the District of New Jersey announced that Eric Bullard and Anthony Hannah were sentenced to federal prison for laundering funds tied to internet fraud and COVID-19 relief loan fraud schemes.
April 29, 2025
India ED Freezes Over ₹1,660 Crore in ML, Fraud Cases
India’s Directorate of Enforcement announced that it provisionally attached assets worth over ₹1,660 crore in two separate money laundering cases under the Prevention of Money Laundering Act, 2002.
April 29, 2025
EU Court of Justice Halts Maltese Investor Citizenship Scheme
The Court of Justice of the EU declared that the investor citizenship scheme of Malta has infringed EU law by rendering the acquisition of EU citizenship a mere commercial transaction that undermines the principle of sincere cooperation between member states.
April 29, 2025
OFAC Adds Six Individuals, Six Entities to Iran Sanctions List
The U.S. Treasury Department’s Office of Foreign Assets Control issued a notice concerning the addition of 12 entries to the Specially Designated Nationals List with respect to Iran and non-proliferation issues.
April 29, 2025
January 27, 2025
In this episode of Financial Crime Matters, Michael Bruno, an AML manager at the U.S. Postal Inspection Service, and Kieran Beer, editor in chief of ACAMS moneylaundering.com, discuss efforts to combat check fraud and money laundering.
March 17, 2025
In the latest episode of the Sanctions Space Podcast, Justine and Marshall Billingslea, former U.S. assistant secretary for terrorist financing, discuss the second Trump administration's use of banking-related sanctions against Russia as leverage in negotiations and as a tool to bring "maximum pressure" to bear on Iran, and how financial institutions should prepare. They also discuss Trump's imposition of tariffs as an element of economic statecraft, and his administration's fentanyl strategy.
More News
Anti-graft Campaigners Hail EU Ruling on Malta’s ‘Golden Passport’ Scheme
By Gabriel Vedrenne
Tuesday's decision by the EU's top court to declare Malta's "golden passport" program unlawful will likely boost the bloc's fight against illicit finance by dissuading other nations to launch or resurrect similar schemes, sources told ACAMS moneylaundering.com.
April 29, 2025
Remittance Industry Expects More Legal Challenges to Border GTO
By Charlie Passut
The number of money services businesses in border regions suing the U.S. government over a new requirement to file currency transaction reports on cash transfers worth $200 or more is likely to grow, Western Union's compliance chief told ACAMS moneylaundering.com.
April 29, 2025
Breaking April 29, 2025: 4:45 am ET
EU’s Top Court Declares Malta’s ‘Golden Passports’ Scheme Unlawful
FDIC Scrubbing All Mentions of Reputational Risk
By Chelsea Carrick
The Federal Deposit Insurance Corp. has begun removing all references to the concept from the agency's examination manuals and guidance.
April 28, 2025
A raft of executive actions could herald a change in the White House's approach towards the global anti-financial crime group it helped create.
April 28, 2025
Enforcement Actions
South African Regulator Fines Absa Bank Limited R10 Million for CDD, Transaction Monitoring Failures
The South African Reserve Bank announced that the Prudential Authority imposed administrative sanctions on the Johannesburg, South Africa-based bank for multiple violations of the Financial Intelligence Centre Act.
April 25, 2025
The Solicitors Regulation Authority entered into a regulatory settlement agreement with the Alnwick, U.K.-based law firm that requires it to pay a £15,598 fine and investigation costs of £600 for violating anti-money laundering and counterterrorist financing requirements.
April 29, 2025