In March, the Swedish Financial Supervisory Authority (FSA) handed out a record fine of 4 billion crowns to Swedbank for anti-money laundering (AML) compliance program failures. It seems that the…
After a two-year investigation, the United Kingdom (UK) Metropolitan Police have frozen 25 accounts, possibly linked to the Italian mafia, holding more than €1.9 million. This is a victory for…
AUSTRAC, Australia's anti-money laundering(AML) regulator, stated that Westpac bank contravened the AML/CFT act on 23 million occasions. Australia’s anti-money laundering and counter-terrorism financing act requires entities, like banks, to report…
National emergencies, such as the current COVID-19 situation, can effect everyone in dozens of ways. Not often considered is the increase of financial crime by bad actors hoping to take…
Last week, the Swedish Financial Supervisory Authority (FSA) handed out a record fine of 4 billion crowns to Sweden's oldest retail bank. The FSA claims that Swedbank had some serious…
Early this month, the United States government charged two Chinese nationals claiming that the defendants helped North Korea launder almost $100 million worth of stolen digital assets. Cryptocurrency laundering has…
March 12th, 2020 Update The 2020 FIBA AML Compliance Conference has been rescheduled to the week of September 28th, 2020 due to the evolution of the COVID-19 Coronavirus. Truth Technologies…
The U.S. Department of Treasury has issued the 2020 National Strategy for Combating Terrorist and Other Illicit Financing. This strategy guides the public and private sectors in addressing current illicit…
Jamal El-Hindi spoke at the 20th annual Anti-Money Laundering (AML) and Financial Crimes Conference in New York earlier this month. El-Hindi is the FinCEN Deputy Director and covered some of…
In October 2019, Halkbank was charged with money laundering, bank fraud, and sanctions offenses by the U.S. Attorney for the Southern District of New York. The state-owned Turkish bank is…
Truth Technologies is an established, trusted provider of global risk compliance solutions. Our Sentinel application helps financial institutions meet their obligations for Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations. Read more about our company.
