Tag: FinCrime

Page 2/9

Premium

NEWS: Blackstone-owned Crown faces probe by Victoria’s casino regulator

NEWS: Small changes in global AML laws would have major impact against human traffickers – UN

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

Premium

LATEST: French prosecutor probes transactions involving LVMH’s Arnault, Russian businessman

Premium

NEWS: Spanish banks join forces in the fight against financial crime

NEWS: FinCrime provider AML RightSource appoints new Chief Marketing Officer

Premium

NEWS: EU’s top prosecutor says it’s time the bloc got a specialised fincrime and fraud investigations team

NEWS: FinCrime provider AML RightSource announces brand re-fresh; aim to ‘optimize compliance teams and processes,’ says president

Premium

LATEST: Egmont Chair Xolisile Khanyile named as Financial Crime Fighter of the year

Premium

NEWS: Former CEO of FTX, Sam Bankman-Fried charged with ‘orchestrating a scheme to defraud equity investors’ by US SEC

Premium

LATEST: European Parliament Vice President charged with corruption linked to Qatar probe

NEWS: Malta’s FIAU hosts ‘first of its kind’ conference for administrators of bank account registers and retrieval systems

...

Memorandum of Understanding between OFAC and the Swiss State Secretariat for Economic Affairs
OFAC
May 16, 2025
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published its Memorandum of Understanding with Switzerland's State Secretariat for Economic Affairs (SECO).
Crime group used light aircraft to smuggle cocaine haul to UK
National Crime Agency
May 16, 2025
A qualified pilot used his light aircraft in a bid to smuggle cocaine into the UK. Pilot Anastasios Balian, 52, and accomplice Errol McCardo Weir, 48, admitted trying to bring 30kg of the Class A drug into the country, following a National Crime Agency investigation. On 20 March this year, they were stopped by Border Force officers at North Weald airfield in Epping, Essex, after landing from Belgium via Calais. Officers searched the small plane and discovered a concealment had been built into the rear seats. Inside it were 30 1kg blocks of cocaine with a street value of about £2.4m.
£2m fine for online operator Spreadex Limited
Gambling Commission
May 16, 2025
A gambling business will pay a £2,022,000 penalty after a Gambling Commission investigation revealed Anti-Money Laundering (AML) and social responsibility failings.
Spreadex Limited – which operates from Spreadex.com – will also have to undergo a third-party audit to ensure it is effectively implementing its anti-money laundering and safer gambling policies, procedures and controls. The failures were revealed during a compliance assessment in July 2023 and relate to the operator’s Gambling Commission licence to offer casino and fixed odds betting.