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Money Laundering

Office of Public Affairs | Sweepstakes Operators Plead Guilty to Bank Secrecy Act Violations

Money Laundering July 3, 2024

Two Missouri men pleaded guilty yesterday to conspiring with bankers to willfully fail to implement appropriate anti-money laundering (AML) controls at a Missouri bank, as required by the Bank Secrecy Act (BSA). Kevin Brandes, 60, and William Graham, 56, both residents of Kansas City, Missouri,...

FATF Monitoring Update: Jurisdictions Under Increased Surveillance

June 28, 2024

Jurisdictions under increased monitoring are actively collaborating with the FATF to address strategic deficiencies in their anti-money laundering, counter-terrorist financing, and anti-proliferation regimes. When the FATF places a jurisdiction under increased monitoring, it...

Office of Public Affairs | “King” of Violent Haitian Gang Sentenced to 35 Years in Prison for Gun Smuggling and Money Laundering

June 24, 2024

Joly Germine, 31, of Croix-des-Bouquets, Haiti, was sentenced today to 420 months in prison for his role in a gunrunning conspiracy that smuggled firearms to Haiti in violation of U.S. export laws, and...

Office of Public Affairs | Pharmacy Owners Sentenced for $18M COVID-19 Health Care Fraud and Money Laundering Scheme

June 24, 2024

Two pharmacy owners were sentenced for using New York-area pharmacies to submit millions of dollars in false and fraudulent claims to Medicare and then laundering the proceeds, including during the COVID-19 pandemic. Peter Khaim, 44, of...

Money Laundering

Office of Public Affairs | Sweepstakes Operators Plead Guilty to Bank Secrecy Act Violations

Money Laundering July 3, 2024

FATF Monitoring Update: Jurisdictions Under Increased Surveillance

June 28, 2024

Office of Public Affairs | “King” of Violent Haitian Gang Sentenced to 35 Years in Prison for Gun Smuggling and Money Laundering

June 24, 2024

USA
Events: 10,500 events
Fines: USD290 Bn
Imprisonment: 1,245,000 months
Entities (including individuals and organizations): 17K

UK
Events: 1,750 events
Fines: USD18 Bn
Imprisonment: 150,000 months
Entities: (including individuals and organizations): 3K

India
Events: 510 events
Fines: USD45 Mn
Imprisonment: 3,800 months
Entities: (including individuals and organizations): 400

South Africa
Events: 120 events
Fines: USD32 Mn
Imprisonment: 20,090 months
Entities: (including individuals and organizations): 190

Screening

IDAHOT 2024: freedom and equal rights in Europe | News item

KYC May 8, 2024

Together with the Council of Europe, the Netherlands is hosting the European IDAHOT+ Forum in The Hague from 14 to 16 May. The forum is an important conference on the position and human...

AMLYZE and Plumery Join Forces to Redefine FinTech: Fusion of Cutting-Edge Anti-Financial Crime Tech with Next-Gen Digital Banking

PEPs November 24, 2023

AMLYZE, a distinguished RegTech specializing in combating financial crimes, and Plumery, a leading provider of digital banking solutions, have announced a strategic partnership. This collaboration aims to reshape the FinTech landscape by integrating...

ESG

Navigating India’s climate and sustainability transition

Big 4 Corner July 2, 2024

Transition and mitigation challenges Despite being one of the largest emitters of CO2 globally, India maintains a low per capita electricity consumption compared to developed nations. Looking forward to 2050, the industrial sector is expected to dominate energy consumption, while solar energy could potentially constitute a significant portion of the generation mix. However, rapid growth in the transport sector presents challenges, projected to account for 31% of energy demand by the end of the century. Anticipated Climate impacts include severe heatwaves, increased flood damages, and coastal vulnerabilities, with projected GDP losses exceeding 10% by 2050. The Further, our analysis indicates that majority of India Inc. is not yet aligned with the...

Crypto

European Union: MiCAR Compliance Toolkit

June 14, 2024

Navigating regulatory compliance in the fast-paced crypto markets is challenging. The MiCAR Compliance Toolkit provides you with the practical steps needed to help you prepare for the new regulatory regime for cryptoassets in...

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Fraud, Bribery & Corruption

Office of Public Affairs | Providence Businesswoman Arraigned in Federal Court in Alleged Multi-Million Dollar Fraud Scheme Targeting Seniors and Other Vulnerable Victims

Fraud, Bribery & Corruption July 2, 2024

A Rhode Island woman was arraigned today following indictment on June 17, by a...

Office of Public Affairs | Three Former Executives Sentenced for $1B Corporate Fraud Scheme

July 1, 2024

Three former executives of Outcome Health (Outcome), a Chicago-based health technology start-up company, were sentenced for their roles in a fraud scheme that targeted the company’s clients, lenders, and investors and involved approximately...