This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager.
Dismiss

Financial Crime

Insight View More

Wise US fined by state regulators over failures in anti-money laundering compliance July 09, 2025 | Samuel Rubenfeld

Wise US, a New York-based subsidiary of the UK international financial transfer firm, agreed to pay $4.2 million to resolve investigations by five state regulators over failures in its anti-money laundering co... (more story)

Harman International’s UK staff enabled diversion of products to Iran, US says July 09, 2025 | Samuel Rubenfeld

UK-based employees of Harman International enabled the diversion of its products to Iran in violation of US sanctions, the US Treasury Department said. Harman agreed to pay $1.45 million to resolve the investigation.

North Korean hackers can be mentioned in US trial of Tornado Cash cofounder July 08, 2025 | Samuel Rubenfeld

The upcoming US trial of a cryptocurrency software developer can include mentions of a North Korean hacking group, a judge ruled today, though she limited the extent to which prosecutors can discuss the organi... (more story)

Meta calls slow response to UK FCA takedown order an ‘isolated’ incident July 08, 2025 | Phoebe Seers and Martin Coyle

Meta Platforms has described its delayed response to a request by the UK Financial Conduct Authority to take down potentially illegal content from its platform as an “isolated incident.” In April, Lucy Castled... (more story)

Monzo fined GBP21 million over lax UK financial crime controls in 2018-2020 July 08, 2025 | Martin Coyle

UK online bank Monzo has been fined 21.1 million pounds ($28.7 million) by the country’s financial regulator for financial crime failings between October 2018 and August 2020. The challenger bank has been unde... (more story)

India seeks to extradite brother of diamond tycoon from US for role in fraud July 07, 2025 | Samuel Rubenfeld

Indian authorities are seeking to extradite the brother of a fugitive diamond mogul from the US for allegedly aiding in his sibling’s bank fraud.

Founder of defense firm avoids US prison over role in illicit supply network July 07, 2025 | Samuel Rubenfeld

The founder and president of a European defense conglomerate was sentenced today to time served after pleading guilty to his role in a Russian illicit procurement network, according to court records.

UK banks get new guidance on 'politically exposed persons' in wake of Farage spat July 07, 2025 | Phoebe Seers

UK banks and other financial services firms received fresh regulatory guidance today on how to treat "politically exposed persons," or PEPs, for anti-money laundering purposes. The Financial Conduct Authority ... (more story)

Comment View More

US Supreme Court’s nationwide injunction opinion impacts agency rulemaking July 03, 2025 | Khushita Vasant, Sam Rubenfeld and Mike Swift

A US Supreme Court opinion that federal court judges lack authority to impose universal injunctions won't stop those judges from issuing injunctions in data privacy disputes or run-of-the-mill antitrust cases ... (more story)

Ex-Barclays chief's failed UK court gamble set to embolden regulator June 26, 2025 | Martin Coyle and Sofia Gerace

Former Barclays boss Jes Staley's failure to persuade a UK court to overturn an industry ban over his links to Jeffrey Epstein is a vindication for the country's financial services regulator — and will likely ... (more story)

Tornado Cash co-founder seeks to exclude North Korean hackers from US trial June 24, 2025 | Samuel Rubenfeld

In a US trial of a cryptocurrency entrepreneur that centers on the alleged laundering of funds stolen by a blacklisted North Korean hacking group, the businessman is asking a federal judge to prevent the gover... (more story)

Denmark stays cautious on tackling contentious EU financial reforms June 24, 2025 | Fanny Roux

When Denmark takes the reins of EU policy talks on July 1, it will scrutinize the new securitization package proposal while also addressing several contentious financial reforms from the previous term. These i... (more story)

Venture firm relied on bad legal advice for work with Russian oligarch, US says June 13, 2025 | Samuel Rubenfeld

A San Francisco venture capital firm turned to lawyers in 2018 for an opinion on whether US sanctions imposed on a Russian billionaire would apply to its investments. The advice GVA Capital received was incorr... (more story)

UK fraud agency woos companies with offer of compliance advice. Will it work? June 13, 2025 | Martin Coyle

The UK fraud prosecutor appears to have ditched its aversion to assisting companies worried about falling foul of the law to ensure their compliance processes are up to scratch. A senior Serious Fraud Office o... (more story)

US bribery enforcement may be back, but proof will be in caseload, observers say June 11, 2025 | Samuel Rubenfeld

Reports of the death of US anti-bribery enforcement were greatly exaggerated, the Trump administration signaled this week, but observers told MLex that the proof will come when prosecutors start bringing new cases.

UK payments fraud regime working well, watchdog says as it plans refinements June 05, 2025 | Phoebe Seers

Banks and payments firms could see a UK move to further toughen defenses against Authorized Push Payment fraud, a senior regulator said, possibly including expanded "confirmation of payee" functionality to inc... (more story)