Our extensive knowledge at your fingertips

Fines & Enforcements

Over 40 years of articles and reference material

A page dedicated to global, regional, UK and US anti-money laundering developments and initiatives.

Browse the resource database or make a subselection.

Latest editions

Search

SEC charges Tenaris over alleged bribe

SEC announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with a bribery scheme...  

Read More

Online gambling businesses face regulatory action

Gambling Commission fines two online gaming businesses a total of £675,000 in regulatory settlements after revealed social responsibility and anti-money laundering failures. Jumpman Gaming Limited which runs 243...
Read More

OFAC settlement with Newmont Corporation

OFAC announces settlement with Newmont Corporation, a multinational mining firm, in relation to violations of the Cuban Assets Control Regulations. OFAC determined that Newmont voluntarily disclosed the apparent...
Read More

CPS sentences individuals for bribery and corruption schemes

The CPS announced that a group of individuals and entities were sentenced in the Southwark Crown Court for their roles in a bribery scheme involving a senior manager for Coca Cola Enterprises UK Limited (CCE), with each person avoiding prison for their role in the scheme...
Read More

NYDFS fines MoneyGram for AML failings

NYDFS found that MoneyGram had failed to maintain an effective and compliant AML program during the relevant period and that the company also failed to exercise reasonable supervision...
Read More

UKGC fines 888 for social responsibility & ML failings

The UK Gambling Commission (UKGC) has imposed a fine of £9.4 million on 888 UK Limited for social responsibility and anti-money laundering failures. 888 UK Limited, which operates 78 websites including...
Read More

SEC charges $124 Million in Crypto Fraud Operation

SEC charged siblings with defrauding thousands of retail investors out of more than $124 million through two unregistered fraudulent offerings of securities involving a digital token called “Ormeus Coin.”  They offered and sold it to investors on crypto trading platforms..
Read More

FCA fines Barclays Bank for oversight failings

The FCA censured Premier FX for failing to safeguard its customers’ money and seriously misleading its customers about the services it was authorised to provide. The FCA imposed a substantial financial penalty on...
Read More

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...
Read More

GRECO Fifth Round Compliance Report on Sweden

GRECO recommended developing and implementing a strategy, based on a risk analysis, to promote integrity and improve the prevention and management of conflicts of interest and corruption among persons entrusted with top executive functions...
Read More

US Treasury expands Syria NGO General License

OFAC amended existing rules called the Syrian Sanctions Regulations to expand the authorizations for NGOs to engage in certain transactions and activities. It also amended a general license for NGOs to enable them to take part in additional transactions and activities...
Read More

Bicycle Casino pays $500,000 settlement after AML investigation

ICE announces $500,000 settlement with Los Angeles casino which agreed to submit to increased review of its AML compliance program. The breaches took place after Bicycle Casino failed to appropriately file reports on an individual who conducted millions of dollars worth of cash transactions...
Read More