Showing 1 to 12 of 22 results
KuCoin Hit with Record $19.5M Canadian AML Penalty
Canada's FinTRAC levied a nearly $20 million penalty against cryptocurrency exchange KuCoin for violating anti-money-laundering laws, marking its largest-ever such penalty, due to unregistered business status and failure to report suspicious transactions.
KuCoin Hit with Record $19.5M Canadian AML Penalty
Canada's FinTRAC levied a nearly $20 million penalty against cryptocurrency exchange KuCoin for violating anti-money-laundering laws, marking its largest-ever such penalty, due to unregistered business status and failure to report suspicious transactions.
Progress
8% Bias Score
AUSTRAC Sues Sydney Club Group for Alleged $140 Million Money Laundering Failure
AUSTRAC is suing Mounties, a Sydney club group, for allegedly failing to prevent $140 million in money laundering by 10 customers who exhibited clear money-laundering behaviors between 2019 and 2023 through poker machines, highlighting systemic deficiencies in their anti-money laundering program, Be...
AUSTRAC Sues Sydney Club Group for Alleged $140 Million Money Laundering Failure
AUSTRAC is suing Mounties, a Sydney club group, for allegedly failing to prevent $140 million in money laundering by 10 customers who exhibited clear money-laundering behaviors between 2019 and 2023 through poker machines, highlighting systemic deficiencies in their anti-money laundering program, Be...
Progress
40% Bias Score
FinTRAC Tightens Scrutiny of Iran Transactions Amid Rise in Suspicious Activity
FinTRAC, Canada's anti-money-laundering agency, will soon issue stricter guidelines for businesses handling transactions to or from Iran due to a sharp increase in suspicious activity, rising from 6,866 reports in 2023-24 to 19,572 in 2024-25, following a global call for action from the FATF highlig...
FinTRAC Tightens Scrutiny of Iran Transactions Amid Rise in Suspicious Activity
FinTRAC, Canada's anti-money-laundering agency, will soon issue stricter guidelines for businesses handling transactions to or from Iran due to a sharp increase in suspicious activity, rising from 6,866 reports in 2023-24 to 19,572 in 2024-25, following a global call for action from the FATF highlig...
Progress
24% Bias Score
EU Considers Adding Russia to Money Laundering Grey List
The European Union is considering adding Russia to its grey list for insufficient anti-money laundering measures, increasing financial pressure on Moscow, following Russia's suspension from the FATF and despite potential political hurdles within the EU parliament.
EU Considers Adding Russia to Money Laundering Grey List
The European Union is considering adding Russia to its grey list for insufficient anti-money laundering measures, increasing financial pressure on Moscow, following Russia's suspension from the FATF and despite potential political hurdles within the EU parliament.
Progress
36% Bias Score
U.S.-Mexico Collaboration to Combat Drug Cartel Finances
The U.S. Treasury Department is working with Mexican banking authorities to enhance anti-money laundering efforts following the designation of six Mexican drug cartels as terrorist organizations, leading to asset freezes and increased scrutiny of financial flows.
U.S.-Mexico Collaboration to Combat Drug Cartel Finances
The U.S. Treasury Department is working with Mexican banking authorities to enhance anti-money laundering efforts following the designation of six Mexican drug cartels as terrorist organizations, leading to asset freezes and increased scrutiny of financial flows.
Progress
40% Bias Score
Rabobank Faces Prosecution for Anti-Money Laundering Violations
The Dutch Public Prosecution Service is prosecuting Rabobank for structurally violating anti-money laundering laws between October 2016 and the end of 2021, following a 2021 report from De Nederlandsche Bank (DNB) about deficient anti-money laundering controls; the bank failed in customer due dilige...
Rabobank Faces Prosecution for Anti-Money Laundering Violations
The Dutch Public Prosecution Service is prosecuting Rabobank for structurally violating anti-money laundering laws between October 2016 and the end of 2021, following a 2021 report from De Nederlandsche Bank (DNB) about deficient anti-money laundering controls; the bank failed in customer due dilige...
Progress
48% Bias Score
Russia Limits Bank Cards to Ten Per Person to Curb Financial Fraud
The Russian government introduced a new rule limiting individuals to a maximum of ten bank cards to combat financial fraud by making it harder for criminals to use multiple cards for illegal activities, while claiming it won't affect law-abiding citizens.
Russia Limits Bank Cards to Ten Per Person to Curb Financial Fraud
The Russian government introduced a new rule limiting individuals to a maximum of ten bank cards to combat financial fraud by making it harder for criminals to use multiple cards for illegal activities, while claiming it won't affect law-abiding citizens.
Progress
52% Bias Score
Canaccord Genuity Fined $544,500 for Anti-Money Laundering Violations
FinTRAC, Canada's financial crime agency, fined Canaccord Genuity Inc. $544,500 on May 14 for violating anti-money-laundering laws by failing to report suspicious transactions and maintain proper compliance policies; the penalty is part of a wider government crackdown ahead of an international revie...
Canaccord Genuity Fined $544,500 for Anti-Money Laundering Violations
FinTRAC, Canada's financial crime agency, fined Canaccord Genuity Inc. $544,500 on May 14 for violating anti-money-laundering laws by failing to report suspicious transactions and maintain proper compliance policies; the penalty is part of a wider government crackdown ahead of an international revie...
Progress
24% Bias Score
EU Parliament Rejects Commission's AML/CTF List Update, Citing Russia Sanctions Concerns
The European Parliament and the EU Commission are at odds over an updated list of countries deemed insufficient in their anti-money laundering and counter-terrorist financing efforts, with the Parliament opposing the delisting of several countries due to concerns about Russia sanctions circumvention...
EU Parliament Rejects Commission's AML/CTF List Update, Citing Russia Sanctions Concerns
The European Parliament and the EU Commission are at odds over an updated list of countries deemed insufficient in their anti-money laundering and counter-terrorist financing efforts, with the Parliament opposing the delisting of several countries due to concerns about Russia sanctions circumvention...
Progress
44% Bias Score
Star Entertainment Faces \$400 Million Fine, Threatening Bankruptcy
Star Entertainment faces a potential \$400 million fine from AUSTRAC for money laundering violations, threatening its financial stability and recently secured rescue package; the fine's size is based on a precedent with Crown Resorts.
Star Entertainment Faces \$400 Million Fine, Threatening Bankruptcy
Star Entertainment faces a potential \$400 million fine from AUSTRAC for money laundering violations, threatening its financial stability and recently secured rescue package; the fine's size is based on a precedent with Crown Resorts.
Progress
52% Bias Score
NY Regulator Fines Block Inc. $40 Million for AML Compliance Failures
New York's financial regulator fined Block Inc. \$40 million for serious anti-money laundering compliance failures involving cryptocurrency transactions, highlighting the challenges of regulating rapid fintech growth and the risks of terrorist financing.
NY Regulator Fines Block Inc. $40 Million for AML Compliance Failures
New York's financial regulator fined Block Inc. \$40 million for serious anti-money laundering compliance failures involving cryptocurrency transactions, highlighting the challenges of regulating rapid fintech growth and the risks of terrorist financing.
Progress
44% Bias Score
FinCEN Revises Beneficial Ownership Reporting: Exempts Domestic Companies
FinCEN's interim final rule exempts domestic companies from beneficial ownership reporting under the Corporate Transparency Act, citing excessive compliance costs (\$21.7 billion initially, \$3.3 billion annually) and limited national security benefits; foreign companies face extended deadlines and ...
FinCEN Revises Beneficial Ownership Reporting: Exempts Domestic Companies
FinCEN's interim final rule exempts domestic companies from beneficial ownership reporting under the Corporate Transparency Act, citing excessive compliance costs (\$21.7 billion initially, \$3.3 billion annually) and limited national security benefits; foreign companies face extended deadlines and ...
Progress
44% Bias Score
Showing 1 to 12 of 22 results