registered in England and Wales as company number 4919193

NEWSROOM

17 December 2021

UK’s FCA fines HSBC plc £63,946,800 for AML failings

15 December 2021

Swiss bank fined for AML failings, while ex-CEO acquitted of money laundering charges, in 1MDB-connected money laundering trial

13 December 2021

NatWest fined £264,772,619.95 for AML failings

9 December 2021

Former Drug Enforcement Administration officer jailed in the US for more than 12 years for fraud and money laundering committed while serving with the DEA

9 December 2021

Bank of Cyprus fined €790,000 for AML failings

2 December 2021

Online casino Greentube Alderney Limited fined £685,000 for social responsibility and AML failings

3 December 2021

Pakistan’s Federal Bureau of Revenue wins its first-ever case of money laundering against a tax evader

30 November 2021

Wife of “El Chapo” jailed for three years in the US for drug trafficking and money laundering

28 November 2021

Australian authorities allege that more than A$1 billion has been laundered through poker machines in pubs and clubs

27 November 2021

Argentinian Vice-President Cristina Fernández de Kirchner and her son and daughter cleared in money laundering case

19 November 2021

Hong Kong Monetary Authority fines four banks for AML failings

19 November 2021

Californian man jailed for three years for laundering US$13 million drug proceeds through Bitcoin

18 November 2021

Swiss financial regulator reprimands two more banks for involvement in Venezuelan money laundering

12 November 2021

UK’s FCA fines Sunrise Brokers LLP £642,400 for serious AML failings

9 November 2021

Former chief justice of Bangladesh jailed for eleven years for abuse of trust and money laundering

9 November 2021

Head of Mexico’s FIU resigns over wedding party scandal

8 November 2021

Former chairman of Nigeria’s Pension Reform Task Team jailed for money laundering

7 November 2021

LA’s Bicycle Hotel and Casino fined US$500,000 for AML failings

3 November 2021

China reports first case of money laundering using digital yuan

29 October 2021

Chinese-American “kingpin” jailed for 15 years in the US for laundering US$30 million drug proceeds

26 October 2021

Lincolnshire teenager who ran sophisticated money laundering operation has £2 million of bitcoin seized

22 October 2021

Cypriot company and South African law firm agree to forfeit £29 million allegedly linked to money laundering in the UK

22 October 2021

UK’s FCA fines Credit Suisse £147,190,276 for financial crime due diligence failings related to Mozambican loans

21 October 2021

FATF updates its list of jurisdictions under increased monitoring

20 October 2021

Swedish financial regulator orders Danske Bank to rectify its AML/CFT risk assessment by end June 2022

14 October 2021

UK’s OFSI publishes its annual review to end March 2021

13 October 2021

Police in China crack 800 million yuan cryptocurrency laundering scam

7 October 2021

NatWest pleads guilty in the UK to failing to prevent alleged money laundering

6 October 2021

Chinese man jailed in the US for laundering money to fund the illegal trade in protected turtles

6 October 2021

US lauches new Cryptocurrency Enforcement Team to tackle money laundering and ransomware attacks

3 October 2021

ICIJ annouces latest investigation into leaked data: the Pandora Papers come from fourteen offshore service providers

1 October 2021

Former MLRO of Pilatus Bank in Malta charged in her personal capacity over money laundering allegations

23 September 2021

UK publishes first National Risk Assessment of proliferation financing

23 September 2021

UK online gambling business EU Lotto fined £760,000 for AML failings

20 September 2021

London solicitor fined and banned from compliance roles for ignoring AML obligations

19 September 2021

South African Reserve Bank imposes financial penalties on two life insurers for AML failings

16 September 2021

Welsh barber jailed for £90,000 romance fraud and money laundering

13 September 2021

Basel AML Index 2021 is published

10 September 2021

Maltese notary fined €61,573 for AML failings

9 September 2021

French court sentences Bashar al-Assad’s uncle to four years in prison for money laundering and other financial crimes

9 September 2021

German finance ministry raided in money laundering investigation

9 September 2021

Stockbroker Richard Faithfull jailed for 5 years and 10 months in the UK for laundering £2.5 million proceeds of investment fraud

6 September 2021

New Zealand authorities fine derivatives issuer CLSA Premium NZ$770,000 for AML failings

4 September 2021

Durham-based drug-trafficking, money-laundering, tax-evading property developer forfeits £850,000 to the National Crime Agency

31 August 2021

Reserve Bank of New Zealand fines TSB Bank NZ$3.5 million for AML failings

31 August 2021

Maltese authorities fine Pilatus Bank €4.9 million for AML failings

27 August 2021

Austria’s former far-right chancellor found guilty of corruption

25 August 2021

William Hill online gambling subsidiary Mr Green fined SEK 31.5 million by Swedish Gambling Authority for AML failings

25 August 2021

Hong Kong customs smashes money laundering ring accused of smuggling HK$166 million over world’s longest sea crossing

25 August 2021

US sanctions Paraguayan money laundering network

25 August 2021

Danske Bank defeats shareholder appeal in the US over money laundering scandal in Estonia

25 August 2021

Nicaraguan authorities accuse prominent journalist of money laundering

17 August 2021

Forty people jailed in Abu Dhabi for fraud and money laundering

16 August 2021

Maltese money transfer firm fined €502,000 for AML failings

12 August 2021

Bermuda Monetary Authority fines Allianz Life Bermuda Limited US$1.7 million for AML and sanctions failings

11 August 2021

Reserve Bank of New Zealand issues formal warning to Westpac Banking Corporation concerning AML/CFT failings

10 August 2021

FinCEN fines virtual currency exchange BitMEX US$100 million, in part for AML failings

6 August 2021

Two more members of QQAAZZ cyber-laundering gang plead guilty in the US to money laundering

5 August 2021

UK’s OFSI announces £50,000 penalty on payment service provider TransferGo for beaching Ukraine sanctions

5 August 2021

CEO of US payroll firm jailed for fraud and US$1 billion money laundering

30 July 2021

Digital bank Monzo under investigation by the UK’s FCA for potential AML failings

30 July 2021

UK AML expert given suspended jail sentence and community order for money laundering

29 July 2021

Nigerian “influencer” Hushpuppi pleads guilty in the US to money laundering

29 July 2021

UK to scrap national fraud reporting centre Action Fraud after failings revealed

27 July 2021

Leeds woman jailed for 34 months for laundering over £5 million cash

26 July 2021

El Salvador’s ex-president and nine other former officials charged with illegal enrichment and money laundering

24 July 2021

Vatican reveals property holdings for the first time in a drive for transparency

24 July 2021

Female leader of Kent drugs and money laundering gang jailed for fifteen years

23 July 2021

Reserve Bank of New Zealand fines TSB NZ$3.85 million for AML failings

12 July 2021

UK’s FCA warns retail banks to take stronger action against financial crime

8 July 2021

EU to create new AML agency

5 July 2021

Jersey jeweller jailed for 7½ years for money laundering for drug gang

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ANTI-MONEY LAUNDERING TRAINING AND ADVICE

News archive

Part of the work of Thinking about Crime Limited is keeping up with developments and changes in legislation, regulation and guidance in the global world of money laundering. This page highlights money laundering (and connected) stories, issues and developments that may be of concern to you. Please note that the news on this page is for information only: you should seek your own legal and compliance advice before taking action based on anything you read on this page.

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