Guatemala modernizing money laundering laws to avoid international sanctions
Guatemala's government has proposed new legislation to modernize money laundering laws and prevent international financial sanctions.
Swiss and French Authorities probing HSBC on Money Laundering
HSBC faces a money laundering investigation while reporting a significant profit drop in its latest financial results.
U.S. Treasury Delays Anti-Money Laundering Rule for Investment Advisers
The U.S. Treasury's Financial Crimes Enforcement Network delays the Anti-Money Laundering rule for investment advisers until January 2028.
UAE Regulator Imposes Record Fine for Money Laundering Violations
The UAE’s Securities and Commodities Authority fines a company AED 5 million for misleading clients and violating anti-money laundering laws.
Netherlands warns three operators for breaching anti-money laundering and terror financing rules
The Kansspelautoriteit warns operators for non-compliance with anti-money laundering regulations in the Netherlands.
Morgan Stanley Under Investigation for Anti-Money Laundering Compliance
FINRA investigates Morgan Stanley for possible lapses in anti-money-laundering controls affecting wealthy clients.
Alberta alleges breach of securities laws by crypto asset trading platform CatalX CTS
The Alberta Securities Commission has issued a Notice of Hearing against CatalX CTS Ltd. regarding alleged breaches of securities laws.
Dutch Louis Vuitton stores named suspect in money laundering probe
The luxury brand is embroiled in a probe involving €3 million in suspicious cash transactions linked to a Daigou trading scheme.
Barclays Fined $56 million for Money-Laundering lapses
UK's Financial Conduct Authority penalizes Barclays for failures in client vetting related to money laundering risks.
Government Agencies Warn Canadian Businesses Against Hiring North Korean IT Workers
Canadian officials warn businesses about risks from hiring North Korean IT workers, highlighting legal and cybersecurity concerns.
New rules for BC mortgage industry to combat money laundering
B.C. introduces the Mortgage Services Act to strengthen protections for homebuyers and combat money laundering in the real estate sector.
EU Anti-Money Laundering Authority Warns Crypto Businesses
The EU's new Anti-Money Laundering Authority warns cryptocurrency firms of upcoming regulations aimed at combating financial crime.
Canada's Financial Institutions Warned on Transactions Linked to Iran
CANADA: Financial authorities issue directive amid concerns over Iran's financial activities and international risks.
Algeria Blacklisted by EU for Money Laundering and Terrorism Financing
The European Union has blacklisted Algeria due to severe money laundering and terrorism financing concerns, prompting urgent security meetings.
Russian Defense Executive's Son Arrested in Spain for Money Laundering
Dmitry Artyakov, son of a Russian defence executive, arrested in Spain over suspected money laundering involving property deals.
Strengthening Anti-Money Laundering in Dominican Republic's Forex Sector
New agreement enhances anti-money laundering measures in foreign exchange sector, promoting best practices in the Dominican Republic.
Charges Against Seven Chinese Nationals in Marijuana Trafficking Case
Seven Chinese nationals face serious charges for human trafficking and marijuana cultivation in Massachusetts and Maine, according to federal authorities.
Money Laundering Investigation Targets Ex-EU Justice Chief's Ally
Belgian police search home of Jean-Claude Fontinoy in probe linked to former EU Commissioner Didier Reynders' money laundering case.
U.S. Treasury Sanctions Mexican Financial Institutions Amid Drug War Focus
The U.S. Treasury's sanctions against Mexican banks signal intensified scrutiny on financial firms linked to drug cartels.
Mexico Approves Anti-Money Laundering Reform, Targets New Sectors
Mexico's new anti-money laundering reform targets diverse sectors, aiming to strengthen compliance and oversight amid mixed reactions.
New Zealand Bans Crypto ATMs to Combat Money Laundering
New Zealand prohibits cryptocurrency ATMs, enhancing anti-money laundering efforts to target criminal activities.
Canaccord Genuity Corp. Fined $544,500 for Anti-Money Laundering Failures
Canadian investment dealer Canaccord Genuity Corp. fined $544,500 for failing to comply with federal anti-money laundering regulations, according to FINTRAC.
Canada Charges Two in $40 Million Money Laundering Investigation
Canadian authorities have charged two individuals and one company with 29 offences in a $40 million money laundering case involving transfers from the UAE.
Lethbridge Drug Network Dismantled in $2.5M Organised Crime Bust
Alberta police arrest nine in major drug trafficking and money laundering case, seizing $2.5M in assets and over 5kg of cocaine in Project Leadline.
FINTRAC Fines Hub Capital Inc. $99,000 for Compliance Failures
FINTRAC has imposed a $99,000 penalty on Ontario-based Hub Capital Inc. for serious violations of Canada’s anti-money laundering regulations.
FINTRAC Fines Cambrian Credit Union $116,160 Over AML Compliance Lapses
Cambrian Credit Union in Canada has been fined $116,160 by FINTRAC for failing to meet anti-money laundering obligations, including reporting and risk assessment.
Canada Arrests Businessman for Illegally Exporting Banned Technology to Russia
Canadian authorities arrest Toronto man for violating sanctions by exporting restricted technology to Russia. Charges filed under federal sanctions law.
FINTRAC Imposes $348K Penalty on Crystal Currency Exchange for AML Failures
Canada’s financial watchdog FINTRAC has fined Crystal Currency Exchange over $348,000 for failing to meet anti-money laundering compliance standards.
Canada Charges Regina Pair in Multi-Million Dollar Fraud and Money Laundering Case
Two individuals in Regina, Saskatchewan, have been charged with laundering and fraud following a major investigation into financial crimes linked to drug trafficking.
FINTRAC Fines Toronto Currency Firm $249,000 for AML Violations
Canadian watchdog FINTRAC has fined Marouf Management Inc. over $249,000 for serious breaches of anti-money laundering rules, including unreported Iran-linked transactions.
FINTRAC Fines Quebec Real Estate Broker for Compliance Failures
FINTRAC has fined Royal LePage Village Pointe-Claire over $36,000 for anti-money laundering compliance violations found during a 2022 examination.
FINTRAC Fines Quebec Real Estate Firm Over AML Compliance Breaches
Immeubles Jack Sera Inc. has been fined $107,250 by FINTRAC for anti-money laundering compliance failures identified during a 2022 examination.
Canada Police Charge Six in Grande Prairie Organised Crime Investigation
Canadian police have charged six individuals after a major drug trafficking and organised crime investigation in Grande Prairie, Alberta.
Canada Dismantles $16m Illegal Cannabis Network in Major Organised Crime Bust
Canadian police seize 17,000 illicit cannabis plants and charge six in an international smuggling and money laundering operation linked to identity fraud.
Canada Introduces New Compliance Rules for Businesses in Anti-Money Laundering Push
FINTRAC rolls out 2025 anti-money laundering reforms, including new obligations for leasing, factoring, and cheque-cashing firms across Canada.
Human Trafficking Operation Dismantled in Ontario as Two Men Arrested
Canadian police arrest two men in Oakville, Ontario, following a human trafficking probe involving multiple victims and financial evidence from FINTRAC.
Canada Enforces Financial Restrictions Against High-Risk Jurisdictions
Canada’s Finance Ministry uses new powers to counter foreign money laundering and terror financing risks through directives and transaction restrictions.
FINTRAC Fines Vancouver Money Services Firm Over AML Breach
MSBG International Holdings Ltd. in Vancouver fined $24,750 by FINTRAC for serious anti-money laundering compliance failures.
Argosy Securities Fined by FINTRAC for AML Compliance Failures
Argosy Securities Inc. fined by FINTRAC for failing to meet anti-money laundering compliance standards in Canada.
Cash Shop #27 Fined $33,000 by FINTRAC for Failing to Submit Documents
FINTRAC fines Mississauga-based Cash Shop #27 for not providing compliance documents during anti-money laundering examination. Penalty of $33,000 issued.
Canada Charges Five in Widespread Identity Fraud and Document Forgery Case
Five people face charges in Alberta after a large-scale investigation uncovered identity fraud, forged documents, and cross-border financial crimes.
Canada Charges B.C. Resident in $47 Million Money Laundering Investigation
A Burnaby man is charged in connection with a $47 million interprovincial money laundering scheme involving unregistered money services and illegal cannabis.
Exchange Bank of Canada Fined $2.45M for Failing Anti-Money Laundering Measures
FINTRAC imposes $2.45 million penalty on Exchange Bank of Canada for serious anti-money laundering compliance violations, including failure to report suspicious transactions.