Banking, Compliance News, EU/Europe
Premium
Premium
The German financial crime watchdog has ordered a Greek bank to improve AML standards.
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
Premium Premium
OFAC
Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) is releasing the fourth video in its "OFAC Basics" video series, "Requesting OFAC Guidance." This video provides a tutorial on how to contact the OFAC Compliance Hotline with questions about how to comply with OFAC-administered sanctions programs or where to find helpful guidance on OFAC's website. You can find all of OFAC's video guidance on the OFAC Video Series page.
Financial Conduct Authority
Ms. Subeva is the third former Credit Suisse employee banned for lacking integrity, following their US convictions for conspiracy to commit money laundering connected to corrupt loans to the Republic of Mozambique. On 20 May 2019, Ms Subeva pleaded guilty in the US for her role in a conspiracy to commit money laundering, which included accepting and retaining US$200,000 from one of her co-conspirators in unlawful kickbacks in connection with the loans
Europol
Cybercriminals around the world have suffered a major disruption after law enforcement and judicial authorities, coordinated by Europol and Eurojust, dismantled key infrastructure behind the malware used to launch ransomware attacks. From 19 to 22 May, authorities took down some 300 servers worldwide, neutralised 650 domains, and issued international arrest warrants against 20 targets, dealing a direct blow to the ransomware kill chain.