All news on the topic: AML

The U.S. Treasury’s financial watchdog fined a record $125 million penalty Monday against UBS Financial Services Inc. for "willful" anti-money laundering violations, including failing to monitor over $10 billion in foreign currency wires and ignoring red flags on high-risk clients.

Capital One bank has asked a federal judge to dismiss a lawsuit from the Trump Organization over the closure of hundreds of bank accounts back in 2021, arguing in new papers that the shutdowns were the product of a monthslong anti-money-laundering review — not retaliation for the Jan.

The Bank of Lithuania has fined Pervesk UAB, a company linked to the troubled Bankera cryptocurrency project, €130,000 ($151,525) for serious violations of anti–money laundering (AML) and counter-terrorist financing rules.