#anti-money laundering

2 stories

#bank of america #business #cryptocurrency #finance #financial conduct authority #financial crime #financial intelligence #financial regulation #fintech compliance #money laundering #money laundering networks #national crime agency

Bank of America fined $1.2bn for money laundering failures
The US Treasury Department penalises Bank of America for failing to detect and report over $5bn in suspicious activity, including potential Chinese money laundering networks.
BBC News · 1m
UK targets money laundering networks, not just criminals
Britain is spending 500 million pounds to disrupt tech-enabled financial crime networks instead of chasing individual offenders.
Pymnts · 1m