Category: Banking

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French banking giant under fire for links to ‘crimes against humanity’

Global money laundering ‘drains’ $1.6 trillion annually from world resources

Swiss bank is criticised for failing to probe Angolan client who may have laundered tens of millions of euro

Swedish bank SEB hits back at TV programme which didn’t show the full picture of its actions in FinCEN Leaks

New research sheds light on using Bitcoin as a laundering channel

FinCEN files ‘a blessing in disguise’ for law-reform advocates

Malaysia’s reputation suffers as FinCEN files reveal laundering trails

Hong Kong makes reassurances following FinCEN files release

JPMorgan allegedly helped Russian mafia launder funds – FinCEN leak

Swedbank reveals it is under fresh investigation for ‘suspected breaches of the regulation on market abuse’

Nasdaq launches AI system in AML fight

US plans major update to AML rules to ensure financial institutions have ‘effective and reasonably designed anti-money laundering program’

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100 sanctioned under the Russia Sanctions Regime
UK Government
May 20, 2025
Today, 20 May, the UK Government has sanctioned 20 individuals, 62 entities, and 18 ships under the Russia (Sanctions) (EU Exit) Regulations 2019. This package targets Russian revenue generating sectors, including energy, communications and financial services, the Russian military industrial complex (RMIC) and its third country suppliers, and malign actors involved in democratic interference and Russia’s information war on Ukraine. Click here for further details.
Greece: EPPO probes OPEKEPE officials over alleged organised agricultural subsidy fraud and corruption
European Public Prosecutor's Office
May 20, 2025
(Luxembourg, 20 May 2025) – Since yesterday until early hours this morning, the European Public Prosecutor’s Office (EPPO) in Athens (Greece) has led searches as part of an ongoing investigation into an alleged organised fraud scheme involving agricultural funds and corruption involving public officials of the Greek Payment and Control Agency for Guidance and Guarantee Community Aids (OPEKEPE).
A fifth admit to retail refund fraud or knowing someone who has, Cifas warns
CIFAS
May 20, 2025
New research from leading fraud prevention service Cifas reveals that 19% of UK consumers have either falsely claimed a failed delivery or know someone who has – often to get a refund after using the product. The findings highlight a worrying surge in opportunistic fraud that is hitting retailers hard. With 80% of UK shoppers now buying online, the stakes are high: the retail sector is already losing over £11 billion annually to payment fraud.