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The FINRA National Adjudicatory Council ("NAC") affirmed a Hearing Panel's findings against a broker-dealer firm and two of its general securities ...

On Friday, September 11, 2009, Gerald and Patricia Green were found guilty of violating and conspiring to violate the Foreign Corrupt Practices Act ("FCPA") and money laundering laws of the United States.

Federal banking agencies and FinCEN have issued coordinated proposals to modernize anti-money laundering and countering the financing of terrorism compliance frameworks across financial services. This regulatory initiative represents a fundamental shift from traditional "check-the-box" compliance toward a risk-based, effectiveness-driven model that could reshape how institutions approach AML/CFT obligations. The proposals introduce new requirements for institutions to not only establish compliance programs

Marc-Alain Galeazzi spoke to Global Trade Review about trade-based money laundering, and how the manual financing of trade documentation creates challenges for compliance staff...

On March 1, 2024, the U.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act ("CTA") exceeded Congress's Constitutional authority...

CCN.com reported that a court ruled that the South Korean commercial bank Nonghyup could not terminate a contract even though Nonghyup was trying to comply with ...

On June 21, 2019 the Financial Action Task Force (the "FATF"), published its long-awaited Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (the "Guidance").

The Storm Continues: Federal Court Upholds Tornado Cash Sanctions and DOJ Files Criminal Charges Against Two Tornado Cash Cofounders on all of the plaintiffs' claims...

In October, the U.S. Department of the Treasury (the "Treasury") released its Annual Plan, outlining the Office of Inspector General's audit and investigative priorities for fiscal year 2018.

At least $2.8 billion worth of bitcoin from illicit transactions was laundered through cryptocurrency exchanges in 2019, according to a well-known cryptocurrency analytics firm.

Instead, the UK law refers only to a prohibition of the establishment of SSPEs established in FATF "blacklist" jurisdictions.

On Thursday, December 5, 2024, the U.S. Department of Justice filed notice that it plans to appeal the nationwide injunction issued by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop v. Garland, et al.

The Access Rule is the second of three planned FinCEN rulemakings pursuant to the CTA.

In a significant move to bolster its anti-money laundering and anti-tax evasion efforts, the federal government introduced new regulations set to reshape the landscape for businesses formed in 2024 and beyond.

In recent years, there has been significant interest in identifying the "beneficial owners" of U.S. businesses to combat perceived financial crimes such as money laundering...

Join hosts Diana Shaw and Tatiana Sainati as they delve into the gripping tale of Operation Car Wash, one of the largest corruption scandals in history.

Congressmen Steve Pearce (R-NM) and Blaine Luetkemar (R-MO) introduced legislation that would increase longstanding reporting thresholds for financial institutions subject to the Bank Secrecy Act...

For the first time, the report presents a collective snapshot of the financial crime risks facing the UK's financial services sector.