Tag: fines
Anti-money laundering and know your customer fines in 2020 totalled $5.6bn...
The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.
Global money laundry fines totalled $8.14bn in 2019
The number of money laundering fines around the world doubled in 2019, according to new research from Encompass, the RegTech startup.
HSBC and Santander to refund customers after breaching CMA rules
HSBC and Santander are to refund their customers after they both failed to comply with the Competition and Market Authority’s (CMA) rules.
The consequences of inadequate data security
All sized businesses are impacted by an aspect of GDPR and that is the requirement of adequate security to protect any held personal data.
The RBI slams State Bank of India with ₹70m fine for...
The Reserve Bank of India (RBI) has imposed a ₹70m monetary penalty on the State Bank of India for failing to comply with the standards set up by the central banking institution.
FinCEN fines Bitcoin trader $35,000 for AML and BSA breaches
The US’ Financial Crimes Enforcement Network (FinCEN) has fined a Bitcoin trader $30,000 for breaching the Bank Secrecy Act’s (BSA) registration, program, and reporting requirements.
Dutch prosecutors said to be investigating into money laundering scandal
Prosecutors in the Netherlands are reportedly investigating claims of Dutch involvement in a money laundering network which funnelled Euros from Russia.
