Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series of banking scandals in Latvia, Estonia and Malta. According to Reuters, this fifth review of the EU anti-money laundering directive...
The Commonwealth Bank of Australia (CBA) has formally agreed to a record fine of A$700 million ($529.3 million) in the hopes of bringing to an end the money laundering scandal that it has found itself wrapped up in. The fine marks the largest ever handed out...
September 18, 2018
Danske Bank officials were aware of problems at its Estonian branch earlier than they indicated, reported The Wall Street Journal. According to the report, citing a correspondence seen by the paper, the bank officials knew that the branch in Estonia had accounts for Russian clients who had been blacklisted. This is the latest indication that […]
July 10, 2018
Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series of banking scandals in Latvia,...
June 04, 2018
The Commonwealth Bank of Australia (CBA) has formally agreed to a record fine of A$700 million ($529.3 million) in the hopes of bringing to an end the money laundering scandal that...
