Many firms still doing manual AML checks Three-quarters of financial services firms say they still use manual risk assessments to assess financial crime across their business, a survey by PwC has found. Business • 06 Dec
Danske fined €1.82m for anti-money laundering breaches The Central Bank has reprimanded and fined Danske Bank a total of €1.82m for three breaches of anti-money laundering laws. Business • 15 Sep 22
Credit Suisse found guilty in cash laundering case Credit Suisse has been convicted by Switzerland's Federal Criminal Court of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country's first … Business • 28 Jun 22
Credit Suisse faces money laundering charges in trial Credit Suisse will face charges in a Swiss court today of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of … Business • 07 Feb 22
NatWest to pay £265m for money laundering offences NatWest is to pay £265 million in fines, after pleading guilty to failing to prevent the laundering of nearly £400 million. Business • 13 Dec 21
NatWest pleads guilty to money laundering offences NatWest has today pleaded guilty to failing to prevent the laundering of nearly £400m, the first bank in Britain to admit to such an offence. Business • 07 Oct 21
EU to propose new body to tackle dirty money The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents show. Business • 08 Jul 21
Danske Bank may have to look into Estonia case again Danske Bank said today it may be required by authorities to conduct a further investigation into its former Estonian branch, possibly prolonging a money-laundering saga … Business • 28 Apr 21
ABN Amro to settle money laundering probe for €480m Dutch bank ABN Amro said today it had reached a €480m settlement with prosecutors in the Netherlands over money laundering allegations, which will impact its … Business • 19 Apr 21
Danske looks forward to lower costs, impairments Danske Bank said today it expected profits to come in higher next year due to lower costs and fewer impairment charges after reporting fourth-quarter net … Business • 04 Feb 21
Central Bank opens new Beneficial Ownership Register The Central Bank has opened its Beneficial Ownership Register to make available information on the owners of certain types of investments and funds. Business • 01 Feb 21
Central Bank finds anti-money laundering policy fails The Central Bank has found an overall lack of compliance among financial firms with anti-money laundering and terrorist financing obligations. Business • 16 Dec 20
The big business of cleaning dirty money A number of money laundering operations have been uncovered by Gardaí and British police in recent times. Business • 30 Sep 20
Germany probes Wirecard for money laundering German state prosecutors are investigating Wirecard for suspected money laundering, a spokeswoman for the Munich prosecutor's office said today. Business • 09 Jul 20
Danske Bank loan sale calls time on scandal-hit Estonia Danske Bank has agreed to sell its remaining Estonian portfolio to local bank LHV, marking an end to a unit that was at the centre … Business • 08 Jun 20
European Commission mulls money laundering authority The European Commission is considering creating a new authority to police financial crime and monitor banks more strictly, it has said, confirming a Reuters report. Business • 07 May 20
Seven arrested in £215m money laundering investigation Seven people have been arrested in Northern Ireland as part of an investigation into international money laundering of criminal assets worth around £215 million (€252m). Ulster • 21 Jan 20
EU agrees tighter money-laundering supervision steps European Union finance ministers today backed plans for greater powers to combat money laundering after a series of revelations about large amounts of dirty money … Business • 05 Dec 19
ECB flags failings in money screening at Malta bank Malta's biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank said, detailing "severe shortcomings" that could … Business • 21 Nov 19
Westpac facing 23 million money laundering breaches Regulators have accused Australia's Westpac Banking Corporation of 23 million breaches of anti-money laundering laws. Business • 20 Nov 19
Danske Bank stops hiring new staff amid higher costs Danske Bank said it has started a hiring freeze to cope with rising compliance costs and a tough business environment. Business • 10 Oct 19
Dutch bank ABN Amro subject to money laundering probe ABN Amro is being investigated for money laundering in a new blow to shares in the Dutch bank, which prosecutors allege failed to report or … Business • 26 Sep 19
Former Danske Bank Estonian chief found dead by police A former head of Danske Bank's Estonian branch, which is at the centre of inquiries into the world's largest money laundering scandal, was found dead … Business • 25 Sep 19
EU urges reforms against flow of 'dirty money' The European Commission said today that more should be done to counter the multi-billion-euro flow of dirty money in the European Union. Business • 24 Jul 19
Money-laundering watchdog clamps down on cryptocurrency Cryptocurrencies such as bitcoin are set to be subjected to rules to prevent their abuse for money laundering, a global watchdog is set to announce … Business • 21 Jun 19
