New AML Index released by Basel Institute | Weekly Words of Wisdom
The Basel Institute on Governance, a global NGO focused on combating corruption and strengthening governance, has published its annual AML Index. The […]
Lockdown drug profits laundered through Russian crime network
A multi-billion-pound money laundering operation which emerged during lockdown, has been uncovered by the National Crime Agency (NCA). Investigators have described the […]
Perfume boss admitted he ignored Russian sanctions | Weekly Words of Wisdom
A British businessman, David Crisp, was caught on camera admitting to illegally selling luxury perfume, despite Russian sanctions. He told an undercover […]
Couple in Ireland charged over money laundering operation | Weekly Words of Wisdom
A couple in Blackrock, Dublin in Ireland, have been denied bail over charges related to a €21 million international money laundering scheme. […]
Metro Bank fined over £16m for “financial crime failings” | Weekly Words of Wisdom
The Financial Conduct Authority (FCA) has fined Metro Bank PLC (Metro) £16,675,200 for failing to maintain suitable systems and controls to effectively […]
Failure to prevent fraud guidance introduced in UK
Today the government has published guidance that will provide organisations with advice on the new corporate criminal offence, “failure to prevent fraud”. […]
The outcomes of the FATF Paris Plenary 23rd-25th October 2024 | Weekly Words of Wisdom
The first FATF Plenary under the two-year Mexico Presidency of Elisa de Anda Madrazo was held from 23rd-25th October. Delegates from over […]
Key insights from India’s Mutual Evaluation Report (MER) 2024
Overview India’s 2024 Mutual Evaluation Report (MER) offers a detailed look at the country’s approach to tackling money laundering (AML) and terrorism […]
Event: FinCrime Leaders Summit Southeast Asia
Alex Oxford and Carlo Oreta had a fantastic time at the FinCrime Leaders Summit in Singapore representing AML Analytics. We’d like to […]
TD Bank to pay record $3 billion penalty over AML failures
TD Bank, one of the largest financial institutions in North America, has agreed to pay a record $3 billion penalty after pleading […]
New FATF president announces grey list changes for low income countries
The Financial Action Task Force (FATF) has announced significant changes to how countries are added to its grey list, with low-income nations […]
Starling Bank fined £29m by FCA for financial crime system failings
Starling Bank has been fined just shy of £29m for financial crime failings related to its sanctions screening systems. Starling saw rapid […]