Wednesday, November 30, 2022

anti-money laundering

Australia’s Crown Resorts fined $77 million by regulators

Australian casino operator Crown Resorts has been fined A$120 million ($77.3 million) for serious misconduct, regulators of the state of Victoria said on Monday. The breaches by Crown, which was acquired by private equity firm Blackstone Inc for $6.3 billion,...

German police raid banks in money laundering probe of Russian

Police raided two branches of Swiss bank UBS in Germany in connection with alleged money laundering by a Russian businessman, German officials and media said Tuesday. Frankfurt prosecutor Georg Ungefuk did not identify the suspect by name, but said the...

Grant Thornton managing partner charged with money laundering involving RM115 million

Grant Thornton Malaysia's managing partner  Datuk C R Narendrakumar was brought to the Sessions Court here on Thursday and charged with money laundering involving RM115 million, allegedly committed four years ago. Narendrakumar, 72, pleaded not guilty to the charge before...

FCA fines Gatehouse Bank £1.5m for poor anti-money laundering checks

Between June 2014 and July 2017 Gatehouse failed to conduct sufficient checks on its customers based in countries with a higher risk of money laundering and terrorist financing. Gatehouse also failed to undertake the correct checks when some of...

India agency raids Coda offices in money laundering probe involving Free Fire

India's financial crime fighting agency on Tuesday searched the premises of Coda Payments India as part of a money laundering probe into the fintech firm and Sea Ltd's (SE.N) Free Fire. The Enforcement Directorate (ED) said it had started an investigation into...

Spain, Europol arrest ‘one of Europe’s biggest money launderers’

Police have arrested “one of Europe’s biggest money launderers” after a raid in southern Spain, saying the British-Irish suspect is believed to have shifted more than 200 million euros ($200m) in illicit cash. The operation led by Spain’s Guardia Civil...

Danske Bank fined €1.82m in Ireland for money-laundering law breaches

Denmark’s Danske Bank has been fined €1.82 million by the Central Bank of Ireland for failing to ensure that its Dublin-based branch properly monitored transactions for potential money laundering or terrorist financing for almost a decade. The Central Bank found...

Police raids home of Jumbo CEO in money laundering inquiry

Police and fraud investigators have raided the home of the CEO of supermarket chain Jumbo in connection with a money-laundering investigation, local media reported.  Dozens of officers were seen taking boxes out of the house belonging to Frits van Eerd...

Robinhood Crypto Fined $30 Million Over Alleged Violations Of Anti-Money Laundering Rules

Robinhood Crypto, the cryptocurrency arm of Robinhood, has been fined a whopping $30 million by the New York Department of Financial Services (NYDFS) for allegedly violating anti-money laundering (AML), cybersecurity and consumer protection laws. In a statement Tuesday, Adrienne Harris, the superintendent...

Money Laundering Seen a High Risk Threat for South African Banks

South Africa’s banking regulator said there is a high risk of money laundering and terrorist financing activity in the industry, citing the extensive use of cash and exposure to overseas lenders. The Prudential Authority of the South African Reserve Bank in a...

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Tokyo prosecutors raid ad giant Dentsu as Olympics bribery scandal widens

Tokyo prosecutors raided the headquarters of ad agency Dentsu Inc and an events company on Friday, part of a...