The Governor and Company of the Bank of Ireland agrees monetary penalty of €3,150,000 for AML/CFT compliance failures Peter Oakes | 30 May 2017 https://www.linkedin.com/pulse/governor-company-bank-ireland-agrees-monetary-penalty-peter-oakes Read more…

SRA v (1) David Clinch and (2) Robert Andrew Schofield Summary: Both Respondents acted in transactions which bore the ‘hallmarks of money laundering and/or fraudulent financial arrangements’ in breach of Principle 2 (to act with integrity) and Outcome 7.5 of the Solicitors Code of Conduct 2011. The Second Respondent accepted that neither Respondents had carried […]

New York’s top financial regulator slapped a “Panama Papers”-linked bank with a $180 million fine for anti-money laundering violations. Mega Bank, a $103 billion Taiwanese bank with one New York office, ignored the risks associated with transactions involving Panama, a high-risk area for money laundering, the state Department of Financial Services said in a statement […]

Betfred has agreed to pay compensation and a contribution towards social causes of over £800,000, after the Gambling Commission (GC) ruled it failed in its anti-money laundering and social policies. The GC conducted an investigation after a Betfred customer was jailed for three years and four months for stealing more than £856,000 from their employer, […]