by AdrianaAMLP | Oct 2, 2024
The FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also repeatedly breached a requirement not to open accounts for high-risk customers.
by AdrianaAMLP | Sep 26, 2024
The company was found to have facilitated property management services for a sanctioned individual, making or receiving 26 payments between 2022 and 2023, despite knowing these transactions likely breached sanctions. The total amount involved in these payments was...
by AdrianaAMLP | Sep 26, 2024
Order identifies PM2BTC—a Russian virtual currency exchanger associated with Russian individual Sergey Sergeevich Ivanov (Ivanov)—as being of “primary money laundering concern” in connection with Russian illicit finance. Concurrently, OFAC is sanctioning Ivanov and...
by AdrianaAMLP | Sep 26, 2024
On February 16, 2018, FinCEN issued an NPRM that set forth FinCEN’s findings of money laundering concern regarding ABLV, a commercial bank located in Riga, Latvia, and proposed imposing special measure five under section 311, prohibiting covered financial institutions...
by AdrianaAMLP | Sep 25, 2024
Settled charges announced against 23 entities and individuals for failures to timely report information about their holdings and transactions in public company stock, including Alphabet, Goldman Sachs among parties charged for late filings.
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