Category: Banking

Page 35/76

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NEWS: PwC Cyprus moves £1BN for Russian tycoon on day of sanctions

INSIGHT: The behaviours that are leading to big AML fines for banks – and how to fix them

Warning from UBS audit on bank's statements

BREAKING: UBS fails to overturn guilty verdict in money laundering case – but France’s top court orders re-trial over €1.8BN fine

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NEWS: Britain’s Metro Bank placed on FCA’s ‘watchlist,’ is under enhanced supervision

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NEWS: Singapore’s biggest bank makes $74M allowance to cover off exposure to money laundering scandal

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LATEST: Banker sacked over claiming expenses for two sandwiches at lunch is fincrime analyst, it emerges

NEWS: FCA’s Synthetic Data Expert Group issues update after first four meetings; plans final report in 12 months

INSIGHT: What new Dutch report on ‘gatekeepers’ reveals on enhancing private and public sector AML and sanctions roles

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REACTION: UAE welcomes FATF decision to conduct on-site visit, paving way to being de-listed

NEWS: Woes pile up for NatWest as FCA announces formal probe into group over Farage de-banking controversy

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NEWS: NatWest boss Alison Rose broke data rules over Farage – finding; internal messages show staff gloated when politician was de-banked

INSIGHT: AI is not coming for AML jobs, say bank fincrime staff; perennial staff shortage problems also highlighted

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Florida Man Pleads Guilty to Conspiracy to Defraud the United States
US Department of Justice
May 14, 2025

Defendant’s Scheme Caused $3M Loss to the U.S. Treasury

Last week, a Florida man pleaded guilty before Magistrate Judge David A. Baker for the Middle District of Florida to conspiring to defraud the United States by filing false tax returns for clients. The plea must be accepted by a U.S. district court judge. The following is according to court documents and statements made in court: Diandre Mentor, of Miami, worked for a tax return preparation company between January 2017 and 2019 named Neighborhood Advance Tax (NAT). Mentor and his co-conspirators operated a dozen offices throughout Florida that fraudulently inflated client tax refunds by fabricated deductions on their returns.
FCA confiscates over £300,000 from convicted fraudsters
Financial Conduct Authority
May 14, 2025

The FCA has secured confiscation orders of £305,284 against Raheel Mirza, Cameron Vickers and Opeyemi Solaja for their roles in an investment fraud. This amounts to all their remaining assets.

The confiscation proceedings for Reuben Akpojaro have been adjourned to a later date. The money will be returned to investors at the earliest opportunity. Failure to pay can lead to imprisonment.
Arrest in joint money laundering investigation by police and FIOD
Fiscal Information and Investigation Service - FIOD
May 14, 2025
On May 13, the joint investigation team IFi of the police and FIOD arrested a man (57) and a woman (37) from Amsterdam. They are suspected of money laundering and forgery. A number of homes and a business premises in Amsterdam were searched, and physical and digital administration and data carriers, such as telephones, computers and identity documents, were seized.

The man has a company that does money transfers, among other things. It is suspected that the man and woman transferred cash of criminal origin abroad. Both were taken to a cell complex for questioning.