UK Treasury Targets Pooled Client Accounts in New Anti-Money Laundering Action Plan
The UK Treasury has unveiled a significant update to its anti-money laundering (AML) strategy, focusing on pooled client accounts. Under the new proposals, these...
UK Cracks Down on Art Market Money Laundering — London Gallery Fined £158,679
The UK’s HM Revenue & Customs (HMRC) has intensified its oversight of the art market, handing down a significant fine of £158,679 to DYS44...
EPPO’s Admiral 2.0 Operation: Major Victory Against Cross-Border VAT Fraud and Money Laundering
The European Public Prosecutor’s Office (EPPO) has secured plea agreements from three individuals involved in a large-scale VAT fraud and money laundering operation under...
UAE Extradites Fugitive to France Over Major Fraud and Money Laundering Scheme
In a significant move reinforcing its commitment to international justice, the United Arab Emirates (UAE) has extradited a wanted fugitive to France. The individual...
Canada’s FINTRAC Imposes $544,500 Penalty on Canaccord Genuity for AML Compliance Failures
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed a substantial administrative monetary penalty of $544,500 on Canaccord Genuity Corp., a...
