U.S. Treasury Revamps Bank Secrecy Act, Allowing Banks to Shift Focus Away from Low-Risk Customers
In a sweeping change to America’s anti-money laundering framework, the U.S. Treasury has announced a major overhaul of the Bank Secrecy Act (BSA), empowering...
Malaysian High Court Drops 27M Ringgit Money Laundering Charges Against Ex-PM Najib — But Case Could Be Reopened
In a significant turn of events, Malaysia’s High Court has granted a discharge not amounting to an acquittal (DNAA) to former Prime Minister Najib...
Swiss Bank Pictet Fined Over $2.5 Million for Serious Lapses in Anti-Money Laundering Controls
One of Switzerland’s most prominent private banks, Pictet, has been hit with a fine of CHF 2 million (approximately USD 2.5 million) following revelations...
Canada’s New AML Legislation Set to Enforce Mandatory Compliance and Hefty Penalties
Canada is on track to significantly strengthen its anti-money laundering laws with the introduction of Bill C-2, known as the “Strong Borders Act.” Unveiled...
Ex-Janus Henderson Analyst and Sister Convicted in Nearly £1 Million Insider Trading and Money Laundering Scheme
A former analyst at Janus Henderson Investors has been found guilty of orchestrating a sophisticated insider trading and money laundering operation that generated nearly...
