The US Department of Justice

Bitcoin Used in Money Laundering Scheme

Bitcoin was used in another widespread criminal scheme. The US Department of Justice announced an indictment about a money laundering scheme which used the darknet and Bitcoin. “An Ohio man was arrested for his operation…

FMA Featured

10 Formal AML/CFT Warnings Issued by FMA

The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). The FMA carried out a risk-based assessment…

FCA

FCA Fines Standard Chartered Bank £102.2 Million for…

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML…

Financial Transactions and Reports Analysis Centre of Canada

FINTRAC Announces Better Support for Canadian Businesses

FINTRAC today launched a number of new tools aimed at better supporting Canadian businesses in meeting their obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act). This initiative includes: FINTRAC’s…