News
July 12, 2024
City Heights Legal Solutions Limited, a recognised body authorised and regulated by the Solicitors Regulation Authority (SRA), has agreed to pay a financial penalty following an […]
July 5, 2024
The Federal Reserve Board has issued an enforcement action against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, for failing to adhere to essential anti-money-laundering […]
June 28, 2024
A West London solicitor fined £10,000 by the Solicitors Regulation Authority (SRA). The solicitor was fined after amending and lodging a property transfer without the knowledge […]
June 24, 2024
In a significant regulatory move, India’s Financial Intelligence Unit (FIU-IND) has imposed a hefty fine of $2.25 million (₹18.8 crore) on Binance, the world’s largest cryptocurrency […]
June 21, 2024
Switzerland’s financial regulatory authority, Finma, has imposed strict sanctions on HSBC’s Swiss private bank subsidiary following serious violations of anti-money laundering (AML) regulations. The enforcement includes […]
June 17, 2024
Toronto-Dominion Bank (TD), Canada’s second-largest lender, faces significant financial penalties due to its involvement in U.S. money-laundering probes. Analysts at Jefferies Financial Group Inc. have projected […]
June 13, 2024
The Epoch Times‘ Chief Financial Officer, Bill Guan has been arrested under accusations of his involvement in an extensive money-laundering operation. Federal prosecutors allege that Guan […]
June 12, 2024
Almost half of financial firms have expressed concerns that current anti-money laundering (AML) regulations lack clarity and fail to address many practical aspects of modern AML […]
June 6, 2024
In a significant blow to cybercrime, a £1.2 Million money laundering scheme has been unravelled. Five individuals involved in laundering the proceeds of a computer scam […]