Robinhood braced for multi-million fine in AML probe
Online trading app Robinhood said it expects to pay a $30m (€25.4m) penalty in relation to an anti-money laundering probe of its cryptocurrency business, according to a Securities and Exchange Commission (SEC) filing
Nigeria becomes eagle eyed in reporting financial crime
The Economic and Financial Crimes Commission (EFCC) in Nigeria this week launched the Eagle Eye smartphone app to make telling it about economic and financial crimes easier.
Banks in Latvia improve AML/CTF controls
Latvia’s Finance and Capital Market Commission says banks in the country have implemented numerous changes to improve their internal control systems.
FinCEN has turned its attention to crypto
The U.S. Financial Crimes Enforcement Network (FinCEN) has identified cryptocurrencies as one of the anti-money laundering and countering the financing of terrorism (AML/CFT) priorities.
Digitalisation increases cybercrime risk
The growth in digitalisation has led to a greater threat of falling victim cybercrime, according to respondents in a survey of the MENA region by data provider Refinitiv.
Environmental crime is money laundering threat says FATF
Countries should view environmental crimes such as illegal forestry, mining, land clearances and waste trafficking – and the associated trading – as a money-laundering (ML) risk, according to the Financial Action Task Force (FATF).
Head of Guernsey’s new financial crime agency seeks tougher powers
Kevin Davis, director of the Economic and Financial Crime Bureau in Guernsey, is working on acquiring greater powers to seize illegally acquired cash and property.
FCA warns of dangers from unregistered crypto companies
The 111 crypto asset firms operating in the UK without registration pose a risk to the broader financial system, according to Mark Steward, head of enforcement and market oversight at the Financial Conduct Authority’s (FCA).