Money laundering

Is regulators' green light on AML tech a game changer?


Bank and credit union regulators issued a statement giving institutions the go-ahead to try artificial intelligence and other emerging tech to detect money laundering. It's just what some institutions have been waiting for.


Deutsche Bank raid pulls CEO Sewing deeper into 'vicious circle'


The new CEO is trapped in the same feedback loop of negative news, rising funding costs and declining revenue that foiled his predecessor.


Are more banks tangled up in Danske money-laundering scandal?


Danish lawmakers say that the probe currently focused on Danske Bank should be expanded to include more firms.


UBS face $6 billion fine as tax-fraud trial nears end


The Swiss banking giant has been accused of helping wealthy French clients hide assets from tax authorities.


Ex-CEO whose bank hid drug cash is said to avoid charges


The Justice Department has decided against prosecuting three former U.S. executives of Rabobank that admitted it hid evidence about the flow of Mexican drug-cartel money, according to four people with knowledge of the probe's final stages.


Money laundering and backlogs dent ING's image as tech leader


In seeking to make make ING the most digitally advanced lender in Europe, CEO Ralph Hamers' motto has been to "disrupt yourself before a competitor does it first." It's safe to say the tumult at the company during the last few weeks isn't what Hamers had in mind.


OCC highlights areas of focus for 2019 supervision plan


The plan identified five risk areas — including cybersecurity — that will be on the agenda for agency examiners next year.


Danske Bank CEO resigns; Visa, Mastercard offer to settle with retailers


The Danish bank found more than $200 billion of suspicious deals at its Estonian branch; merchants can opt out of the deal as another case on network rules continues.


ING seeks to calm money-laundering uproar with CFO's departure


ING Group sacrificed one of Chief Executive Officer Ralph Hamers' top deputies as the Dutch lender seeks to restore public trust in the wake of a money-laundering scandal.


Citi to launch crypto vehicle; ING finance chief resigns


The "digital asset receipt," similar to ETFs and ATRs, aims to expedite investing in cybercurrencies; CFO is taking the hit for the Dutch bank's lax anti-money laundering controls.