Anti-Money Laundering

Anti-Money Laundering

Robinhood’s Crypto Division Fined $30M by New York Financial Regulator

The New York State Department of Financial Services (NYDFS) fined the crypto trading unit of Robinhood (HOOD) $30 million for alleged violations of anti-money laundering and cybersecurity regulations. The Wall Street Journal first reported on the fine on Tuesday. “As its business grew, Robinhood Crypto failed ...Read More

Compliance Officers Will Be The Frontline Enforcers Of Biden’s Sanctions War Against Putin’s Wealthy Oligarch Supporters

Instead of engaging in traditional warfare, President Joe Biden’s administration is attacking Russia and its top oligarchs with financially driven economic sanctions. The global banking system has adopted this weapon as well. By confiscating wealth, cutting off access to the financial markets, the coterie ...Read More

“Pandora Papers” highlight anti-money laundering program risks for compliance officers

Compliance professionals should focus on the anti-money laundering (AML) program risks highlighted by the emerging Pandora Papers scandal rather than on individual revelations, experts said. Their comments came in response to ongoing investigative news reports based the Pandora Papers, a massive data leak that publicly exposed confidential ...Read More