Banking
Follow AML/CFT developments affecting retail, commercial, corporate, correspondent, private and digital banks. Coverage includes customer due diligence, beneficial ownership, transaction monitoring, suspicious transaction reporting, sanctions controls, correspondent banking and regulatory enforcement.
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UAE Central Bank Restricts Bank Melli Iran Branches Over AML/CFT/CPF Compliance Violations
The Central Bank of the UAE has prohibited Bank Melli Iran branches in the UAE from conducting financial transactions to and from Iran after examinations…
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UK FCA Finds 238,396 Suspected Money Mule Accounts Closed in 2025
The UK Financial Conduct Authority (FCA) has published new findings on money mule activity, reporting that regulated firms closed 238,396 suspected mule accounts in 2025.…
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Bangladesh Bank Requires CEO and CAMLCO Joint Sign-Off on AML/CFT Inspection Responses
Bangladesh Bank has directed banks, finance companies and mobile financial service providers to obtain joint sign-off from their chief executive and chief anti-money laundering compliance…
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Former Nodus Bank CEO Sentenced to 112 Months for $24.9 Million Fraud and Venezuela Sanctions Evasion
Tomás Niembro Concha, the former chief executive officer of Puerto Rico-based Nodus International Bank, has been sentenced to 112 months in prison for a multimillion-dollar…
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UAE SME Banking Rules Take Effect With AML Due Diligence Override
The UAE’s new SME Customer Protection Regulation takes effect on 13 September 2026, linking faster low-risk account opening with explicit AML/CFT due diligence and financial…
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Bank of Thailand Launches Sector-Wide Framework to Block Illicit Financial Transactions
Thailand’s central bank and 11 financial-sector associations have launched a cooperation framework focused on preventing illicit transactions, strengthening information sharing and improving financial-crime controls.
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OFAC Sanctions Türkiye-Based Golden Global Bank Over Iran Financial Network
The U.S. Treasury Department on September 4, 2026 designated Türkiye-based Golden Global Yatirim Bankasi Anonim Sirketi, known as Golden Global Bank, and two subsidiaries under…
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Raiz Expands Alkami Platform as Digital Account Opening Falls to Four Minutes
Raiz Federal Credit Union has expanded its relationship with Alkami Technology to cover the full Digital Sales & Service Platform, extending the credit union’s use…
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US Agencies Clarify Banks Can Discuss Suspicious Transactions Without Revealing SAR Filings
FinCEN, the Federal Reserve, FDIC, NCUA and Office of the Comptroller of the Currency on September 2, 2026 issued a joint statement clarifying how banks…
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US Senator Seeks Details of Capital One AML Review Behind Trump-Linked Account Closures
U.S. Senator Maggie Hassan has asked Capital One Financial for details of an internal anti-money laundering review that the bank says led to the closure…
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