Bitfinex Hack Money Laundering Methods: Lessons learned
If you think crypto is anonymous, think again. In November 2024, Ilya Lichtenstein was convicted for the 2016 Bitfinex hack, where he...
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AML News
Anna Stylianou
Nov 132 min read
Metro Bank Fined £16.7 Million for AML Failures – What Happened?
Metro Bank Penalty
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Anna Stylianou
Oct 272 min read
Outcomes of the FATF Plenary Meeting 23-25th October 2024 - Paris
FATF Plenary Outcomes October 2024
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Anna Stylianou
Feb 142 min read
New Proposed AML/CFT Rules for US Investment Advisers: What You Need to Know
The Financial Crimes Enforcement Network (FinCEN) has introduced a transformative proposal that is set to redefine the regulatory...
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Anna Stylianou
Jan 293 min read
AML News: Lawyer Sentenced To 10 Years In Prison For Laundering $400 Million Of OneCoin Fraud Proceeds - Lessons learned
Lawyers play a crucial role in the financial world. They are gatekeepers of the financial system, ensuring that financial transactions...
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Anna Stylianou
Jan 231 min read
UK's Amendment to High-Risk Third Countries Definition
On 22nd January 2024, HM Treasury issued a notice which amends the UK's definition of "high-risk country"to align with the list...
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Anna Stylianou
Jan 84 min read
Lessons learned from AML penalties issued in 2023
This article appears as the "Discussion of the month" topic in AML News and Updates Newsletter - January 2024 edition which can be found...
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Anna Stylianou
Dec 7, 20234 min read
Crypto Compliance: What Can We Learn from Binance's Problems?
This article appears as the "Discussion of the month" topic in AML News and Updates Newsletter - December 2023 edition which can be found...
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Anna Stylianou
Nov 1, 20234 min read
The conviction of SBF – Lessons for Compliance Officers and Risk Managers
This article appears as the "Discussion of the month" topic in AML News and Updates Newsletter - November 2023 edition which can be found...
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Anna Stylianou
Nov 1, 20233 min read
ACAMS report on Beneficial Ownership: Taking the Extra Step to Data Accuracy
Beneficial ownership is a crucial aspect of anti-money laundering (AML) compliance. A beneficial owner of a legal entity or arrangement...
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Anna Stylianou
Oct 28, 20232 min read
FATF plenary meeting outcomes October 2023 - What to expect
The FATF Plenary took place on 25-27 October 2023 in Paris, France. Delegates from the FATF’s Global Network (of over 200 jurisdictions)...
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Anna Stylianou
Aug 4, 20231 min read
Deutsche Bank was fined $186 million from the Federal Reserve for AML problems.
A few days ago, the Federal Reserve fined Deutsche Bank and its U.S. affiliates 💲186 million for failing to tackle anti-money laundering...
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Anna Stylianou
Mar 28, 20232 min read
New AML measures approved in the EU in March 2023
The Members of the European Parliament (MEPs) have approved new measures to prevent money laundering and terrorism financing (ML/TF) in...
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Anna Stylianou
Jan 23, 20232 min read
Coinbase $100 million settlement - what went wrong
Coinbase, a well-known crypto exchange, will pay a $50 million penalty and will invest an additional $50 million in its compliance...
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Anna Stylianou
Jan 16, 20232 min read
The 6 largest AML penalties of 2022
Money laundering continues to be a pressing concern for financial institutions and regulatory authorities around the world. In 2022,...
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Anna Stylianou
Dec 19, 20224 min read
Danske Bank agreed to pay $2 billion to the U.S. Department of Justice (DoJ) for Danske Bank Estonia
The Danske bank Estonian branch case shows how a lack of effective corporate governance, insufficient monitoring of the subsidiaries, and in
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Anna Stylianou
Nov 20, 20223 min read
The collapse of FTX - what went wrong
FTX was considered one of the most stable and responsible companies in the regulated crypto industry. Learn how it collapsed within a few da
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