News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
It’s nearly impossible to violate the FCPA’s anti-bribery provisions without committing a money laundering offense. Over the past five years, 85 percent of all individuals indicted for FCPA offenses have also faced money laundering charges.… Continue Reading
Western countries have primarily responded to Russian aggression by utilizing financial tools against the Kremlin, President Putin, and Russian organizations and individuals connected to Putin. Since 9/11, economic sanctions have increasingly become a tactic of first resort against both state and non-state actors.… Continue Reading
Last week’s publication of our 10th annual Basel AML Index – which assesses money laundering risks around the world and ranks jurisdictions on how well they’re addressing them – has triggered two types of response.… Continue Reading
At the start of the New Year, the UK’s tax authority, HM Revenue and Customs (HMRC), issued a series of punitive fines – including its largest-ever punitive sum – against businesses that had breached strict anti-money laundering regulations.… Continue Reading
Despite beginning to open up its once-notoriously secret banking system, Switzerland remains the go-to destination for the more discerning kleptocrats and assorted lawbreakers.… Continue Reading
In October, new regulations from the Brazilian Central Bank will go into effect targeting the prevention of the use of the financial system for money laundering, terrorist financing, the proliferation of weapons of mass destruction, and suspicious transaction reporting.… Continue Reading
Like the rest of the world, Mexico is focused on the response to Covid-19. And yet we’re continuing to see important anti-corruption and compliance developments, that must not go unnoticed amidst this crisis, such as the following:… Continue Reading
After years of foot dragging, improvements to Canada’s anti-money laundering regime have been picking up pace in the past few months.… Continue Reading
Qatar joined a number of countries across the globe that are implementing stricter laws to combat the illicit use of cryptocurrencies in terrorist financing and money laundering.… Continue Reading
Germany updated its anti-money laundering and countering financing of terrorism (AML/CFT) regime to be consistent with the EU’s Fourth Anti-Money Laundering Directive, by imposing cryptocurrency licensing requirements effective from January 1, 2020.… Continue Reading
As we approach the anniversary of the Financial Conduct Authority’s first published set of aggregated results, it’s a good time to review what that means for risk managers across the UK and Europe.… Continue Reading
Following its involvement in one of the world’s worst-ever money laundering scandals, Danske Bank’s new CEO, Chris Vogelzang, has vowed to “strengthen the bank’s defense” and work to restore trust.… Continue Reading