Tag Archive: aml

Petrobras Fined $1.78 Billion for FCPA Violations

Recently, Brazil’s state energy company, Petrobras, was investigated by the Department of Justice (DOJ) and the Securities Exchange Commision (SEC) for FCPA violations related to political bribes in Brazil.  According to the SEC’s Steven Peikin, Petrobras fraudulently facilitated money through… Read more >

ING Reaches $900 Million Settlement for AML Violations

An Amsterdam-based bank, ING Group NV, became involved in a U.S. Securities and Exchange Commission (SEC) investigation for having shortcomings in the execution of preventative measures against financial crimes.  This includes requirements for client on-boarding, anti-money laundering (AML) regulations, and… Read more >

A Loophole for Money Launderers: Real Estate

Real estate is often used to aid money launderers in the Integration stage of a money laundering scheme.  Criminals are able to invest their illicit gains into property, which provides stability in prices that usually appreciate over time and functionality… Read more >

Blockchain Technology and How It Can Help Prevent Money Laundering

Understanding Blockchain technology and the encrypted information within it could potentially help regulators find the powerhouses behind money laundering, trafficking, and terrorism.  Illicit activities can be pursued through cryptocurrency transactions involving Bitcoin, Ether, and other digital currencies, and blockchain technology… Read more >