money laundering
- Finance
FCA fines broker over failures to spot ‘suspicious’ trades
A UK broker has been hit with a £642,400 fine over failures in its anti-money laundering controls, which failed to spot potential…
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NatWest racks up £300m legal bill amid money laundering fallout
NatWest has racked up a legal bill of nearly £300m as it continues to deal with the fallout from a…
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Budget 2021: What the economic crime levy means for the City and how it will work
The UK government is pushing ahead with a levy designed to tackle the £37bn annual cost of economic crime, much of…
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Delay over NatWest money laundering probe angers MPs
Lawmakers have expressed their frustration that a recent prosecution of NatWest over money laundering failures took five years to reach…
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If banks can’t stop money laundering, it is time for regulators to do more
Some financial crimes are so sophisticated it is easy to see how they went undetected. The NatWest money laundering debacle…
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NatWest pleads guilty to compliance failure over money laundering
NatWest Group pleaded guilty to criminal charges for failing to comply with regulation that requires systems and controls to prevent…
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NatWest faces huge fine over money laundering
The bank, previously Royal Bank of Scotland admitted that it failed to comply with the rules over a four-year period…
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NatWest Pleads Guilty Over Money-Laundering Breach, Will Take 3Q Provision
By Sabela Ojea NatWest Group PLC said Thursday that it has pleaded guilty to breaches of money-laundering regulations and warned…
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FCA warns firms on Afghanistan terror financing and money laundering risks
The FCA has told financial services firms to be on guard against the risks of money laundering or terror financing…
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Operator of bitcoin ‘mixer’ enters guilty plea
An operator of a bitcoin “mixer” has pleaded guilty to conspiracy to launder money, the US Justice Department said. Larry…
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Fines for money laundering breaches total around $930m globally, drop 40% in second pandemic year
Penalties imposed on global finance companies for breaching anti-money laundering rules almost halved in the first six months of 2021…
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Binance hires ex-US Treasury investigator to combat crypto money laundering
Crypto exchange Binance has hired a former US Treasury criminal investigator as its global money laundering reporting officer. Greg Monahan…
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