LPL to Pay $18 Million to Resolve Anti-Money-Laundering Allegations
The Securities and Exchange Commission alleges that LPL didn’t adhere to an organized process for addressing restrictions on accounts that failed its customer identification program.
Crypto Exchange BitMEX Fined $100 Million for Anti-Money-Laundering Failures
Cryptocurrency exchange BitMEX was fined $100 million for failing to maintain an adequate anti-money-laundering and know-your-customer program. The fine imposed on BitMEX on Wednesday was lower than the $417 million prosecutors argued for late last year.
Payroll Startup Deel Accused of Enabling Money Laundering
The startup, recently valued at $12 billion, says it hasn’t broken any laws. Alex Bouaziz Co-founder and CEO of Deel and Shuo Wang Co-founder and chief revenue officer of Deel. Photos: Courtesy company; Getty Images
State Regulators Fine Block Inc $80 Million for Anti-Money Laundering Violations
WASHINGTON (Reuters) - Block, Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators for violations of anti-money laundering laws through its mobile payment service, Cash App.
Cash App Owner to Pay $80 Million Over Alleged Anti-Money-Laundering Deficiencies
Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to counter money laundering.
Block to pay $80M for violating Bank Secrecy Act, anti-money laundering laws
In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for
Two Jamaicans convicted in money laundering scheme tied to Colombian cartel
Two Jamaican men were convicted on Friday for their roles in a sophisticated international money laundering organisation that ...
Oakland man sentenced to one year in prison for money laundering
Jose Luis Garcia, 57, of Oakland, wired large sums of cash to drug-trafficking areas without recording the true identity of ...
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2 men convicted by federal jury for money laundering scheme involving Mass. banks
Two men were convicted by a federal jury for their role in an international money laundering scheme involving Massachusetts ...
No one objected to Mayfair cash deliveries, James Stunt tells money laundering trial
Socialite James Stunt has told his money laundering trial that he would have stopped large cash deliveries from taking place at his offices in London’s Mayfair “if anyone had raised an objection”.
Socialite tells money laundering trial he never agreed to ‘criminal enterprise’
James Stunt, the former son-in-law of F1 tycoon Bernie Ecclestone, is one of five men on trial over an alleged ...
Philippines Seeks Money Laundering Charges Against Ex-Mayor
Philippine prosecutors are seeking money laundering charges against a former town mayor over her alleged involvement in an ...
Former Ankeny Chamber of Commerce CEO arrested for theft, money laundering
The former president and CEO of the Ankeny Chamber of Commerce has been arrested. This comes shortly after she was dismissed ...