Dutch Finance Minister Signals AML Reporting OverhaulGetty Images
Enforcement Actions
The Solicitors Regulation Authority entered into a settlement agreement with the Birmingham, U.K.-based firm that requires it to pay a £7,282 fine and investigation costs of £600 for violating anti-money laundering and counterterrorist financing regulations.
February 4, 2025
India’s Financial Intelligence Unit imposed a fine of ₹9.27 crore on the Dubai, United Arab Emirates-based virtual digital asset service provider for violations of the Prevention of Money Laundering Act, 2002.
January 31, 2025
Legs & Regs
Acting Chairman of CFTC Announces Plans to Stop Regulation by Enforcement
Commodity Futures Trading Commission Acting Chairman Caroline D. Pham announced that the Division of Enforcement is being reorganized to focus efforts on combating fraud while halting the practice of regulation by enforcement.
February 4, 2025
North Carolina Man Admits to $100 Million Medicare Fraud, ML Scheme
Federal prosecutors in North Carolina announced that Chaudhry Shabbir Ahmed pleaded guilty to conspiring to launder over $3 million linked to a $100 million Medicare fraud scheme.
February 4, 2025
GFI Publishes Report on Illicit Financial Flows in Ghana Gold Sector
Global Financial Integrity, a Washington, D.C.-based think tank, announced that it published a report focused on illicit financial flows risks related to gold mining in Ghana.
February 4, 2025
European Commission Revamps FIU.net System
The European Commission announced that ‘Next‑Generation’ FIU.net is now live and it includes three new main upgrades.
February 4, 2025
December 3, 2024
In this episode of Financial Crime Matters, author Zeke Faux, former public prosecutor Erin West and freelance reporter Danielle Keeton-Olsen dissect cryptocurrency-related fraud schemes and forced labor operations in Cambodia with Kieran Beer, editor in chief of ACAMS moneylaundering.com.
February 3, 2025
In the latest episode of the Sanctions Space Podcast, Justine is joined by Elaine K. Dezenski, senior director and head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies. They discuss predictions for U.S. sanctions in 2025 under the new administration, including how sanctions may be positioned within a broader set of economic tools and economic statecraft, how global alliances may evolve, as well as how the U.S. and its partners can combat transnational kleptocracy.
DATE: 04/28/25 - 04/30/25
LOCATION: Diplomat Resort & Spa,
3555 South Ocean Drive
Hollywood, FL 33019 United States
Hollywood, FL 33019 United States
More News
EU Upgrades Financial-Intelligence Sharing Portal
By Koos Couvée
The European Commission, the EU's executive branch, has overhauled the online portal through which the bloc's 27 nations, Norway and Europol share details of suspicious transactions and other intelligence with one other, officials disclosed Tuesday.
February 4, 2025
The ACAMS moneylaundering.com legal team examines the U.S. and EU's use of secondary sanctions and other extraterritorial measures against Russia.
February 3, 2025
Banking lobby takes on FDIC, Luchese crime associates plead guilty, and more, in the weekly roundup.
January 31, 2025
Powerful Allies in Tow, Small Kansas Bank Takes on FDIC
By Chelsea Carrick
The powerful U.S. banking lobby has thrown its support behind a rural Kansas lender in a lawsuit that could upend AML penalties going forward.
January 31, 2025
Dutch Bank Fined €20 Million for AML, Governance Failures
By Koos Couvée
De Volksbank failed to regularly monitor customers and properly manage credit, counterparty, capital and operational risks.
January 30, 2025
Enforcement Actions
The Solicitors Regulation Authority entered into a settlement agreement with the Birmingham, U.K.-based firm that requires it to pay a £7,282 fine and investigation costs of £600 for violating anti-money laundering and counterterrorist financing regulations.
February 4, 2025
India’s Financial Intelligence Unit imposed a fine of ₹9.27 crore on the Dubai, United Arab Emirates-based virtual digital asset service provider for violations of the Prevention of Money Laundering Act, 2002.
January 31, 2025