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Money Laundering

American Express National Bank Hit With $350 Million OCC Penalty Over AML Failures Involving $13 Billion in Suspected Money Laundering

Money Laundering
The Office of the Comptroller of the Currency (OCC) has issued a cease-and-desist order and imposed a $350 million civil money penalty against American Express National Bank, headquartered in Sandy, Utah, over significant deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) compliance programme. The enforcement...

Former Republican Congressman David Rivera Sentenced to 10 Years for Secret $50 Million Venezuela Lobbying Campaign

Former Republican congressman David Rivera was sentenced to 10 years in prison on Friday after being convicted of conspiring to commit money laundering and failing to register as a foreign agent in connection...

Former Venezuelan Minister Alex Saab Pleads Guilty in U.S. Money-Laundering Case

Alex Nain Saab Moran, a 54-year-old Venezuelan businessman and former Minister of Industry under the government of former Venezuelan President Nicolás Maduro, has pleaded guilty in a U.S. federal court to conspiring to...

Former Georgian Defense Minister Juansher Burchuladze Receives Reduced Sentence in Plea Deal

A high-profile criminal case involving former Georgian Defense Minister Juansher Burchuladze has concluded with a plea agreement that significantly reduces his period of imprisonment while imposing substantial financial penalties and property confiscation. Burchuladze was found guilty...

Money Laundering

American Express National Bank Hit With $350 Million OCC Penalty Over AML Failures Involving $13 Billion in Suspected Money Laundering

Money Laundering
The Office of the Comptroller of the Currency (OCC) has issued a cease-and-desist order and imposed a $350 million civil money penalty against American Express National Bank, headquartered in Sandy, Utah, over significant deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) compliance programme. The enforcement...

Former Republican Congressman David Rivera Sentenced to 10 Years for Secret $50 Million Venezuela Lobbying Campaign

Former Republican congressman David Rivera was sentenced to 10 years in prison on Friday after being convicted of conspiring to commit money laundering and failing to register as a foreign agent in connection...

Former Venezuelan Minister Alex Saab Pleads Guilty in U.S. Money-Laundering Case

Alex Nain Saab Moran, a 54-year-old Venezuelan businessman and former Minister of Industry under the government of former Venezuelan President Nicolás Maduro, has pleaded guilty in a U.S. federal court to conspiring to...

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

Singapore Tightens AML/CFT Expectations for Digital Payment Token Service Providers

Due Diligence
Singapore’s monetary and financial regulator has set out detailed supervisory expectations for digital payment token service providers (DPTSPs), signalling a continued push toward stronger anti-money laundering and countering the financing of terrorism controls...

What Makes Someone a High-Risk Customer for Enhanced Due Diligence?

Due Diligence
In financial crime compliance (FCC), few topics generate more confusion and more consequential errors than Enhanced Due Diligence (EDD) Ask a room full of compliance professionals who qualifies as a high-risk customer, and you'll...

ESG

ESG Screening in 2026: Financial Institutions Navigate Climate, Governance, and Financial Crime Convergence

ESG
ESG screening has undergone a significant conceptual expansion in 2026: what began as a sustainability and reputational risk exercise is now formally integrated into AML, sanctions compliance, and financial crime risk management frameworks at leading financial institutions. The convergence reflects a structural recognition that environmental crime, governance failures, and financial crime are not parallel risks — they are frequently the same risk expressed through different channels. Climate-linked financial crime typologies now include illegal deforestation proceeds, illicit wildlife trade, illegal gold and artisanal mining laundering, and carbon credit fraud — all of which generate proceeds that enter the financial system through patterns that standard transaction monitoring may not capture without ESG-enriched...

Crypto

Coinme Agrees to $2.5 Million Settlement With 34 State Regulators Over BSA/AML Violations

Coinme Inc., a Seattle-based cryptocurrency money transmitter and kiosk operator, has reached a $2.5 million settlement with the Illinois Department of Financial and Professional Regulation (IDFPR) and 33 other state financial regulatory agencies...

Check out other categories:

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Fraud, Bribery & Corruption

Former Venezuelan Minister Alex Saab Pleads Guilty in U.S. Money-Laundering Case

Fraud, Bribery & Corruption
Alex Nain Saab Moran, a 54-year-old Venezuelan businessman and former Minister of Industry under...

Former Georgian Defense Minister Juansher Burchuladze Receives Reduced Sentence in Plea Deal

A high-profile criminal case involving former Georgian Defense Minister Juansher Burchuladze has concluded with a plea agreement that significantly reduces his period of imprisonment while imposing substantial financial penalties and property confiscation. Burchuladze was...

Regulations

Big 4 Corner

Sanctions

EU Adopts Largest-Ever Sanctions Listing Against Russia, Targeting 1,569 Individuals and Entities in Military Supply Chains

The Council of the European Union has adopted its largest-ever round of sanctions listings against Russia, adding 1,569 individuals...

Human Rights

Corrupt Guatemalan Mayor Pleads Guilty to Drug Trafficking Conspiracy Charge as Part of Homeland Security Task Force (HSTF) Initiative

A former Guatemalan mayor, Romeo Ramos Cruz, 58, pleaded...

Former Honduran President Juan Orlando Hernández Returns Home Amid Ongoing Legal Battle

Former Honduran President Juan Orlando Hernández is set to...

Repeat offender sentenced to 12 years for drug trafficking, money laundering crimes

ANCHORAGE, Alaska – An Anchorage woman was sentenced today...

Shooter Gets 22 Years in Prison for June 2020 Killing of Father of Four

Jamil Whitley, 38, of Washington, D.C., was sentenced today...

AI / ML

Synthetic Identities: When the Fraudster Stops Stealing People and Starts Inventing Them

The defining challenge for banks is shifting from “Is...

Four Men Plead Guilty to $2M Minnesota Medicaid Fraud

Four Minnesota men pleaded guilty to defrauding Minnesota’s Housing...

How MIT students are helping to prevent cyberattacks

In May 2019, the government of Baltimore, Maryland, fell...

Compliance Teams Cross the Adoption Threshold on AI Agents, Industry Survey Finds

A comprehensive practitioner survey released in mid-July by identity...

MIT in the media: Innovating and educating for the next 250 years of America | MIT News

Without federal support for curiosity-driven research, the innovation and...

EU Adopts Largest-Ever Sanctions Listing Against Russia, Targeting 1,569 Individuals and Entities in Military Supply Chains

The Council of the European Union has adopted its largest-ever round of sanctions listings against Russia, adding 1,569 individuals and entities associated with the...

Coinme Agrees to $2.5 Million Settlement With 34 State Regulators Over BSA/AML Violations

Coinme Inc., a Seattle-based cryptocurrency money transmitter and kiosk operator, has reached a $2.5 million settlement with the Illinois Department of Financial and Professional...

American Express National Bank Hit With $350 Million OCC Penalty Over AML Failures Involving $13 Billion in Suspected Money Laundering

The Office of the Comptroller of the Currency (OCC) has issued a cease-and-desist order and imposed a $350 million civil money penalty against American...

Former Republican Congressman David Rivera Sentenced to 10 Years for Secret $50 Million Venezuela Lobbying Campaign

Former Republican congressman David Rivera was sentenced to 10 years in prison on Friday after being convicted of conspiring to commit money laundering and...

Former Venezuelan Minister Alex Saab Pleads Guilty in U.S. Money-Laundering Case

Alex Nain Saab Moran, a 54-year-old Venezuelan businessman and former Minister of Industry under the government of former Venezuelan President Nicolás Maduro, has pleaded...

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