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Money Laundering

Swiss Attorney General Fines PKB PRIVATBANK AG for Money Laundering in LAVA JATO Case

The Swiss Attorney General's Office (OAG) has fined PKB PRIVATBANK AG CHF 750,000 for failing to prevent money laundering between 2011 and 2014 by two employees linked to the "LAVA JATO" corruption case centered in Brazil. The investigation found the bank lacked proper measures...

AML Breaches: Tax Advisers and Accountancy Firms Fined £98,870

Tax advisers and accounting firms faced fines totaling £98,870 for violating anti-money laundering (AML) regulations, with only one company contesting the penalty. The latest HMRC report covering April 1, 2023, to September 30, 2023,...

South African Ex-Speaker Faces Corruption Charges Amid Resignation

Former South African Parliament Speaker Nosiviwe Mapisa-Nqakula faces charges of corruption and money laundering, totaling 12 counts and one count respectively. She appeared in court after surrendering to police. Allegations suggest she sought bribes...

Argentina: Enactment of the regulatory framework for the prevention of money laundering and financing of terrorism

On 14 March, the amendments to the Law on the Prevention of Money Laundering and Financing of Terrorism (Law 27,739) were approved. They implement changes and updates to adjust local regulations to international standards and...

Money Laundering

Swiss Attorney General Fines PKB PRIVATBANK AG for Money Laundering in LAVA JATO Case

The Swiss Attorney General's Office (OAG) has fined PKB PRIVATBANK AG CHF 750,000 for failing to prevent money laundering between 2011 and 2014 by two employees linked to the "LAVA JATO" corruption case centered in Brazil. The investigation found the bank lacked proper measures...

AML Breaches: Tax Advisers and Accountancy Firms Fined £98,870

Tax advisers and accounting firms faced fines totaling £98,870 for violating anti-money laundering (AML) regulations, with only one company contesting the penalty. The latest HMRC report covering April 1, 2023, to September 30, 2023,...

South African Ex-Speaker Faces Corruption Charges Amid Resignation

Former South African Parliament Speaker Nosiviwe Mapisa-Nqakula faces charges of corruption and money laundering, totaling 12 counts and one count respectively. She appeared in court after surrendering to police. Allegations suggest she sought bribes...

USA
Events: 10,500 events
Fines: USD290 Bn
Imprisonment: 1,245,000 months
Entities (including individuals and organizations): 17K

UK
Events: 1,750 events
Fines: USD18 Bn
Imprisonment: 150,000 months
Entities: (including individuals and organizations): 3K

India
Events: 510 events
Fines: USD45 Mn
Imprisonment: 3,800 months
Entities: (including individuals and organizations): 400

South Africa
Events: 120 events
Fines: USD32 Mn
Imprisonment: 20,090 months
Entities: (including individuals and organizations): 190

Screening

AMLYZE and Plumery Join Forces to Redefine FinTech: Fusion of Cutting-Edge Anti-Financial Crime Tech with Next-Gen Digital Banking

AMLYZE, a distinguished RegTech specializing in combating financial crimes, and Plumery, a leading provider of digital banking solutions, have announced a strategic partnership. This collaboration aims to reshape the FinTech landscape by integrating...

UK Companies Lag in Sanction-Screening Compliance Amid Global Tensions, Reveals SmartSearch Survey

A recent survey by UK-based regtech SmartSearch reveals that UK companies are falling behind in meeting the requirements for sanction-screening potential clients, despite increased global geopolitical unrest. The data indicates that only 25%...

ESG

Global: Annual Compliance Virtual Conference 2024 (Webinar)

Our popular Annual Compliance Conference, which attracts over 4,000 in-house senior legal and compliance professionals every year from across the world, will be taking place from 30 April – 6 June (with a vacation break during the week commencing 27 May). We will be delivering our cutting-edge insights and guidance virtually on key global compliance, investigations and ethics trends.  We invite you to join us to gain practical insights and analysis on significant developments across: – antitrust and competition – export controls, sanctions and foreign investment – customs and FTAs – anti-bribery, corruption and economic crime – ESG, supply chain and product compliance View the detailed agenda for all sessions during the conference. All sessions will be hosted live online with a...

Crypto

The FSA publishes the status of loans held by all banks as of the end of September 2023, based on the Financial Reconstruction Act:FSA

Loans based on the Financial Reconstruction Act (FRA) The total amount of loans held by all banks as of the end of September 2023, based on the definition in the FRA (Act No. 132...

Check out other categories:

Fraud, Bribery & Corruption

Former Venezuelan Oil Minister Arrested in Alleged Corruption Scheme

Former Venezuelan oil minister Tareck El Aissami, once a close ally of Nicolás Maduro,...

South African Ex-Speaker Faces Corruption Charges Amid Resignation

Former South African Parliament Speaker Nosiviwe Mapisa-Nqakula faces charges of corruption and money laundering, totaling 12 counts and one count respectively. She appeared in court after surrendering to police. Allegations suggest she sought bribes...

Regulations

Big 4 Corner

Sanctions

Swiss Bank EFG Fined $3.74M for Sanctions Violations

EFG International AG, a Swiss-based global private banking group with around 40 subsidiaries worldwide, has agreed to pay $3,740,442...

Human Rights

Indian Court, Finding Lack of Evidence, Grants Bail to Activist

India’s Supreme Court on Friday granted bail to the activist...

Thailand: Court Ruling Could Subvert Democratic Rule

(Bangkok) – Thailand’s Constitutional Court will rule on a...

India: Technology Use Shouldn’t Undermine Free, Fair Elections

(New York) – Voters in India will cast their...

Gaza: Israel’s Imposed Starvation Deadly for Children

(Beirut, April 9, 2024) – Children in Gaza have...

AI / ML

A faster, better way to prevent an AI chatbot from giving toxic responses | MIT News

A user could ask ChatGPT to write a computer...

A new computational technique could make it easier to engineer useful proteins | MIT News

To engineer proteins with useful functions, researchers usually begin...

Most work is new work, long-term study of U.S. census data shows | MIT News

This is part 1 of a two-part MIT News...

New algorithm unlocks high-resolution insights for computer vision | MIT News

Imagine yourself glancing at a busy street for a...

Researchers enhance peripheral vision in AI models | MIT News

Peripheral vision enables humans to see shapes that aren’t...

Texas man sentenced to 16 years for human smuggling attempt that resulted in deaths following HSI San Antonio, local partner investigation

SAN ANTONIO — A central Texas man was sentenced to one count of conspiracy to transport noncitizens resulting in death and one count of...

Indian Court, Finding Lack of Evidence, Grants Bail to Activist

India’s Supreme Court on Friday granted bail to the activist Shoma Sen nearly six years after she was arrested in 2018 on politically motivated allegations...

A faster, better way to prevent an AI chatbot from giving toxic responses | MIT News

A user could ask ChatGPT to write a computer program or summarize an article, and the AI chatbot would likely be able to generate...

Thailand: Court Ruling Could Subvert Democratic Rule

(Bangkok) – Thailand’s Constitutional Court will rule on a petition that could result in dissolving the country’s main opposition party and banning its leaders...

Former Venezuelan Oil Minister Arrested in Alleged Corruption Scheme

Former Venezuelan oil minister Tareck El Aissami, once a close ally of Nicolás Maduro, has been arrested for his alleged involvement in an international...

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