A Guide to Anti-Money Laundering for Crypto Firms

Financial Crime

The USAA Federal Savings Bank (USAA FSB) has been fined $140m after admitting that despite repeated warnings, it willfully failed to implement and maintain an anti‑money laundering (AML) program that met the minimum requirements of the US Bank Secrecy Act […]

money laundering dollar bills

Money laundering underpins most forms of organized crime by disguising illicitly-obtained financial assets as “clean” and allowing nefarious groups or individuals to profit from illegal activity. While the amount of money laundered globally in one year is estimated to equal […]

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued new guidance designed to help firms identify suspicious behavior related to forced sexual servitude. While sex work is largely legal or decriminalized across Australia and subject to regulation, forced sexual […]

The former CEO of Swedbank has been charged with fraud and market manipulation following investigations into money laundering in the Baltics. If convicted she could face up to six years in prison. Birgitte Bonnesen was chief executive of Sweden’s oldest […]

President Biden has signed the Uyghur Forced Labor Prevention Act (UFLPA) into law, requiring importers from the Xinjiang province to provide “clear and convincing evidence, that the good, ware, article, or merchandise was not mined, produced, or manufactured wholly or […]

The EU has imposed sanctions on a Russian mercenary organization accused of human rights abuses in Libya, Syria, Ukraine and the Central African Republic (CAR). The measures target the Wagner Group and eight individuals and three entities connected to it. […]

The US Financial Crimes Enforcement Network (FinCEN) has warned that wildlife trafficking is on the rise, and that financial institutions are not capturing the full extent of the problem.  FinCEN’s latest Financial Threat Analysis, focusing on wildlife trafficking threat patterns […]