Fines for Anti Money laundering violations on surge in Latvia Latvian banking watchdog has fined € 2.2 Million to LPB bank and 1.2 million to Blue orange bank over anti money laundering and terrorism financing rule violations on 19th and 21st December 2018. Also, the...
Barclays fined over $15m over whistleblowing error New York has fined Barclays an amount of $15m over a whistleblowing error which took place in 2016. The attempts of Mr. Jes Staley to uncover the whistleblower first came to light in April 2017, dealt a new blow for...
MAS Bans Tim Leissner for Life In the wake of money laundering charges in relation to the 1MDB case, Ex-Director of Goldman Sachs Mr. Tim Leissner, the MAS has issued a lifetime prohibition order, which will prevent him to conduct any regulated business under the...
UBS Financial Services to pay $14.5 million for Anti-Money Laundering failures UBS Financial Services has been ordered to pay a fine of $14.5 million as a civil penalty with regards to the willful violations for the Anti-Money laundering failures with regards to the...
Singapore Payment Services Bill- A Brief History The Monetary Authority Of Singapore (“MAS”) regulated various types of payment services under the Payment Systems (Oversight) Act, 2006 (“PS(O)A”) and the Money-Changing and Remittance Businesses Act,1979...
