The South African Reserve Bank has sanctioned HBZ bank for violating money laundering and terror financing regulations.
The former chairman of Hengfeng Bank – Jiang Xiyun has been sentenced to death by a Chinese court for making illegal gains of over $100 million.
It’s believed that ANZ’s announcement is aimed at reassuring investors and stakeholders that bank will not follow Westpac’s path because of technology and governance failings.
As per the latest report by New Zealand’s Financial Intelligence Unit, the domestic criminal justice activities in the country is generating $1.35 billion for money laundering each year.
AUSTRAC accused Australia’s Westpac Banking Corp of 23 million breaches of anti-money laundering laws.
National Australia Bank says it may have breached laws governing bribery, corruption and financial crime.
Malaysia is planning to impose a cash transaction limit of RM25,000 (*USD 6,000 approx.) starting next year.
The Swedish FSA announced that sanctions could be imposed on the bank as it violated many rules.
Ernst & Young allegedly failed to report evidence of smuggling by a crime gang using black market gold to launder dirty money.
Head of Crypto Capital – Ivan Manuel Molina Lee has been arrested by the Polish authorities on money laundering charges.