FCA fines NatWest over AML failures

NatWest fined £264.8 million after failing to comply with account-monitoring requirements, becoming the first bank to be criminally convicted under the UK’s AML regulations. The ‘red flags’ that were reported included significant amounts…

US DoJ sentences former DEA special agent for ML

A former Drug Enforcement Administration (DEA) special agent was sentenced in prison for operating a money laundering and fraud scheme. This included conspiracy to commit money laundering, honest services wire fraud, bank fraud, and aggravated identity...