A £5 Million Payment to a Politically Exposed Person Triggered a SAR. Here Is What That Process Looks Like. | Truth Technologies In May 2024, bankers filed a Suspicious Activity Report with the UK's National Crime Agency over a £5 million personal payment received by a politically exposed person from…
The FBI Is Investigating $300 Million in Soccer Money That Moved Through Miami. The Pattern Behind It Is a Compliance Textbook. | Truth Technologies While Argentina's national soccer team has been competing in the 2026 FIFA World Cup, the FBI has reportedly been investigating the Argentine Football Association for possible…
Merrill Lynch Was Fined $7.5 Million for SAR Failures. Its Monitoring System Was Working. The Threshold Was Wrong. | Truth Technologies On 29 June 2026, the SEC fined Merrill Lynch, Pierce, Fenner and Smith Incorporated $7.5 million for failing to file Suspicious Activity Reports across a four-year period. The transaction…
OFAC and OFSI Just Published a Roadmap. Here Is What It Means for Your Compliance Program. | Truth Technologies For the first time, OFAC and OFSI have jointly published a side-by-side comparison of their sanctions regimes. If your institution operates under both US and UK sanctions obligations, this document is…
The Bank Blocked the Payment. Sabre Found Another Route. OFSI Called It Circumvention and Issued the UK's Largest Russia Sanctions Fine Since 2022. | Truth Technologies Ural Airlines was designated by the UK under its Russia sanctions regime in May 2022. Sabre Global Technologies Limited was notified of that designation…
Wise Is Being Investigated in Belgium for €500 Million in Suspicious Transactions. It Is the Third Jurisdiction to Fault Its AML Controls. | Truth Technologies Wise processes 4.7 million transactions a day across more than 160 countries. Its AML controls for fintech payment platforms have now been questioned in three…
Nordea Set Aside €95 Million for Its AML Case. Danish Prosecutors Are Asking for €880 Million. | Truth Technologies Nordea set aside €95 million to cover its AML exposure. Danish prosecutors are asking the Copenhagen City Court for €880 million. That gap, nearly tenfold, tells you everything you need to…
New Zealand's Co-operative Bank Is Facing a $1.4 Million AML Penalty. Its Transaction Monitoring Had Not Been Working Correctly Since 2020. | Truth Technologies The transaction monitoring rules were not operating correctly. The assurance testing was inadequate. The record-keeping did not meet legal requirements. And none of it had been…
FinCEN Fined a Florida Credit Union $300,000 for BSA Failures. It Was Processing $2 Billion a Year for High-Risk MSBs. | Truth Technologies A credit union with $4 million in assets and five employees was processing $2 billion a year in transactions for 56 money services businesses across Central America,…
Deutsche Bank London Was Fined £165,000 for a Russia Sanctions Breach. The Regulator Blamed the Screening Gap. | Truth Technologies On 19 May 2026, the UK's Office of Financial Sanctions Implementation (OFSI) published its penalty notice against Deutsche Bank AG London Branch (DBLB), imposing a final settlement of £165,000 for…