Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
The Financial Supervisory Authority (FSA) in Norway has fined Santander, a Spanish bank, $1 million for violating Norwegian anti-money laundering (AML) statutes, according to a...
As the quickly growing lender bolsters its governance and faces scrutiny from a financial watchdog, Australia’s Afterpay Touch Group Ltd is said to be working...
When reports last week in the Financial Times (FT) highlighted the thousands of offshore bank accounts frozen by Lloyds Banking Group, the news thrust the...
Oracle is broadening availability of its Oracle Financial Services Anti-Money Laundering solution for smaller banks, the company said Tuesday (June 25). Get the Full Story...
Deutsche Bank has been implicated in a criminal probe for failing to follow money laundering laws, according to a report by The Financial Times. Get...
The last thing anyone wants to hear from a financial organization is that the people tasked with risk management are feeling less than confident about...
In an effort to clamp down on cross-border money laundering, the People’s Bank of China (PBOC) plans to bolster cooperation with other nations such as...
Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in...
This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director. Get the Full Story Complete...