The central bank’s supervisory report, released after an on‑site inspection and review of internal controls, identified several core gaps in VALUTA+’s AML framework. Inspectors found inadequate risk assessments for customers and products, failure to properly verify beneficial ...

2. News 3. Insurance 4. Manulife Pulls Leveraged Insurance Loan Product for Wealthy Hong Kong Clients

The sentencing comes after an extensive investigation into a laundering operation that authorities said relied on high volumes of criminal cash, structured banking activity and front businesses to disguise the source of illicit funds. Judges said the scale of the scheme was “a...

The High Court in London sanctioned the FCA’s request to appoint administrators for Euro Exchange Securities, a London-based electronic money and payments provider with operations spanning the United States and Spain. This court ruling represents the culmination of weeks of re...

The partnership combines Napier AI’s machine learning-driven compliance platform with Concentrix’s broader financial crime and RegTech capabilities, creating an end-to-end offering designed for financial services organizations of all sizes.

The figures were highlighted by Liz Ziegler, Lloyds’ fraud prevention director, who said in an article for the Sunday Times that fraudsters are increasingly using Meta-owned services to make first contact with victims. The bank’s data suggests that people in their late twentie...

The investigation has added an unexpected legal complication to an already difficult period for Tare, who recently departed AC Milan. Albanian prosecutors are said to have formally registered him as a suspect, with one report stating that he was questioned for around six hours...

Mr Fuenmayor has referred his Decision Notice to the Upper Tribunal where he and the FCA will present their cases. Any findings in the Decision Notice are therefore provisional and reflect the FCA’s belief as to what occurred and how it considers his behaviour should be charac...