23rd February 2016
Western Union Co. is at the center of a preliminary European Union antitrust inquiry into allegations the company colluded with banks to drive rivals out of the multibillion dollar money-transfer market. Read More
23rd February 2016
The UK government has introduced legislation to Parliament that, if passed, would increase the available prison sentences for financial sanctions violations and create new powers for the Treasury to impose civil fines on those it believes to have committed a sanctions breach. Read More
23rd February 2016
The Financial Conduct Authority (FCA) has fined W H Ireland Limited (WHI) £1.2million. The firm is also restricted for a period of 72 days from taking on new clients in its corporate broking division. Read More
23rd February 2016
Luanda — The Banco Nacional de Angola (BNA) has been freed from the global money laundering and terrorism financing monitoring process. Read More
23rd February 2016
KUALA LUMPUR — The Swiss private bank involved in a money laundering scandal related to 1Malaysia Development Berhad has been sold for US$1.34 billion (S$1.88 billion), says Reuters. Read More
23rd February 2016
LONDON--Standard Chartered PLC on Tuesday said earnings should "remain subdued" this year as it reported a $2.36 billion net loss for 2015 as the number of bad loans on its books soared. Read More
23rd February 2016
London: Indian tax authorities have issued notices to global banking giant HSBC, warning of prosecution against its Swiss and Dubai arms for allegedly abetting tax evasion by four Indians and their families. Read More
23rd February 2016
An international anti-money-laundering group wants government financial intelligence agencies to give extra scrutiny to transactions and business relationships involving Iran. Read More
22nd February 2016
WASHINGTON: FinCEN's withdrawal of its Section 311 notices against Banca Privada d'Andorra is a momentous victory for BPA's customers, employees, and all of its shareholders, including the majority shareholders, the Cierco family. Read More
22nd February 2016
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Defendants North American Asset Management, LLC (NAAM) of Fort Lauderdale, Florida; its owner and president Alexi Bethel of Miami, Florida; and its owner and managing director Steven Labadie of Lake Worth, Florida. Read More