FCA fines Santander UK for repeated AML failures

The FCA found serious and persistent gaps in its anti-money laundering (AML) controls, affecting its Business Banking customers. Santander failed to properly oversee and manage its AML systems, which significantly impacted the account oversight of…

US Treasury sanctions illicit fentanyl-trafficking

OFAC sanctioned La Nueva Familia Michoacana, the violent drug organization behind the increasing U.S. presence of “rainbow fentanyl” and a variety of other deadly drugs. Fentanyl claimed the lives of more than 71,000 Americans last year. The rainbow fentanyl appears...