Why Anti-Money Laundering Programs Aren’t Just for Banks Anymore
Image: After years of hunting money launderers by scrutinizing transaction at big banks, regulators are widening their nets to include luxury goods retailers, casinos, technology companies, and others. The Feds are holding more businesses accountable for questionable transactions and pushing those at risk to beef up AML compliance. “All companies, ...
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Regulators Publish Latest Thinking on AML Compliance
Image: Financial regulators have just updated their examination manual for anti-money laundering compliance, giving financial firms plenty of holiday reading on how they should structure their AML programs. “The big changes are in areas where things have moved forward: virtual currency, prepaid cards, changes in the SAR rules, aggregation for ...
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ArticleFlorida seafood exec faces 10 years for crab claw price fixing
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishers, the Department of Justice said.
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