Money laundering
If banks can’t stop money laundering, it is time for regulators to do more
Firms spend around £28.7bn a year on anti-money laundering compliance but there is little evidence that things are getting better
4 min read
FCA warns firms on Afghanistan terror financing and money laundering risks
2021-08-31T10:11:30Z
2 min read
EU watchdog preparing to issue guidance on anti-money laundering rules
2021-08-06T12:31:01Z
3 min read
Danske Bank CEO quits amid ABN’s €480m settlement in Dutch money laundering probe
2021-04-19T08:16:12Z
2 min read
FCA launches criminal proceedings against NatWest over money laundering failures
2021-03-16T08:25:57Z
2 min read
UBS chief executive Ralph Hamers drawn into ING anti-money laundering probe
2020-12-09T14:50:14Z
1 min read
Treasury Committee writes to FCA, HMRC over ‘deeply troubling’ FinCen files
2020-09-23T13:29:22Z
3 min read
HSBC and Deutsche get bad headlines, but regulators will probably shrug
2020-09-21T14:42:28Z
3 min read
Bank regulators clarify diligence rules for politically exposed persons
2020-08-25T07:29:55Z
2 min read
HSBC defends cooperation with US prosecutors, denies Huawei entrapment
HSBC said it wasn’t involved in the DOJ’s decision to investigate Huawei or to arrest Huawei finance chief Meng Wanzhou and doesn’t have any hostility to the company
Revealed: Conservatives’ surge in donations from Russian-born benefactors
The donations spike came despite a pledge from the former Conservative Prime Minister Theresa May to distance the Tories from Russian money
London’s finance sector under scrutiny over damning Russia report
The UK’s National Crime Agency estimates more than £100bn in illicit funds impacts the economy each year
Watchdog slaps Commerzbank with £38m fine over money laundering failures
Commerzbank failed to conduct 'timely periodic due diligence on its clients' and to address 'long-standing weaknesses' in an automated money laundering prevention tool
