Anti-Money Laundering

South Korea's top crypto exchange UpBit was hit with a business suspension over alleged violations of anti-money laundering (AML) regulation.

ING is under investigation in Belgium in connection with a money laundering case surrounding former European Commissioner Didier Reynders, the newspaper Le Soir reported. The bank is said to have been aware since 2018 of regular cash deposits by Reynders, who is suspected of money laundering.

The Finance Ministry has completed drafting the financial hub legislation and expects to submit it to the cabinet in early February.

Turkey has become a key hub for money laundering due to deep-seated corruption, repeated amnesty programs and weak enforcement of financial regulations, allowing billions of dollars in illicit funds to enter the country, according to a special report published by the Kısa Dalga news website citing economists.

The Biden administration came to the Supreme Court on Tuesday afternoon, asking the justices to let it enforce an anti-money-laundering law while the government appeals to the U.S. Court of Appeals for the 5th Circuit and, if necessary, the Supreme Court. U.S. Solicitor General Elizabeth Prelogar to

Moving into the new year, headlines swirled around bank stress tests and rulemaking from the Federal Reserve.  And while much attention has been paid to

The FinCEN 314(a) Updates section is published on a periodic basis to better capture the trend line for 314(a) usage.

The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. (bank) for deficiencies related to its Bank Secrecy Act (BSA) and sanctions compliance programs.

The CEO of Klarna said the Swedish financial regulator had a "strange role as police, prosecutor and court".

The consultation will inform a review of laws and regulation to combat terrorist financing abuse in the sector

CBW Bank, charged with failing to maintain adequate anti-money laundering controls, has filed a lawsuit challenging the agency’s action, calling the penalty “unreasonable and unprecedented for a bank of this size.”

he aim of the EC-S handbook is to give you clear and comprehensive guidance on how to undertake your role within EC-S. It will help you understand the legislation, how our policies work and how they should be applied.

Africa's crypto regulation landscape is diverse and dynamic with 54 countries, six major languages, and over 1 billion people.

MANILA, Philippines — The Philippine government has made significant progress in addressing money laundering and counter-terrorism financing, the International Monetary Fund (IMF)

(Reuters) -A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S. Treasury Department ahead of a deadline for most companies to do so. 

Turkey has introduced new AML crypto regulations that will require user information for transactions above $425, starting from Feb. 25, 2025.

Klarna has been fined $50 million in Sweden over faults in its anti-money laundering protections. Sweden's Financial Supervisory Authority, or FI,

Gambling giant, which runs Ladbrokes and Neds, was aware patrons may have been laundering money, according to federal court documents

U.K. FinTech Stenn has reportedly collapsed over possible ties to a Russian money laundering scheme. The company was placed into administration — a type

Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues. Charlie Scharf’s comments, as reported Wednesday