AML

Exterior shot of a Nationwide branch with people walking past.

Nationwide Building Society has been hit with a £44-million fine by the UK’s financial regulator over longstanding weaknesses in its systems to detect and prevent financial crime, including failures that allowed tens of millions of pounds in fraudulent Covid furlough payments to pass through a customer’s account.

A smiling Scott Bessent sitting between a frowning Marco Rubio and Pete Hegseth.

The Trump administration is moving to give the U.S. Treasury Department’s financial intelligence unit a decisive say over how banks are punished for anti–money-laundering (AML) failures, according to new reporting by The Wall Street Journal. 

Football match between Banfield and Platense. Players are on the pitch.

Federal police raided the headquarters of the Argentine Football Association (AFA) and more than 30 soccer clubs as part of an investigation into alleged money laundering involving a key sponsor of the game, CNN said.

Oil painting of a smiling Cesar Duarte Jaquez.

Mexican federal authorities have taken former Chihuahua governor César Duarte back into custody, preparing to charge him with laundering public funds allegedly diverted while he was in office, according to the Associated Press.

Foreign Secretary David Lammy speaking to the press in from of a sign reading "NCA: National Crime Agency"

The UK government is taking aim at corrupt bankers, lawyers, and accountants and deploying new tech tools to identify dirty money as part of a new strategy to root out tens of billions in illicit funds entering the country each year.

Western Union Money Transfer sign.

The United States is tightening its oversight of the tens of billions of dollars resident and undocumented migrants send home each year through Western Union, MoneyGram, and other money services businesses (MSBs), according to a recent U.S. Treasury Department warning.