The UK’s financial watchdog has slammed Barclays for systemic anti-money laundering failures—despite its Tier 1 status. The penalty exposes just how fragile "trusted" banking infrastructure can be behind the scenes.
The fine: £42 million—and a public reckoning
On...
Wise, the global money transfer platform formerly known as TransferWise, has been fined $4.2 million by the Conference of State Bank Supervisors (CSBS) for anti-money laundering (AML) compliance failures. The fine follows a multistate examination of Wise’s U.S. operations, as reported...
In one of the most comprehensive enforcement actions in its regulatory history, the Monetary Authority of Singapore (MAS) has imposed fines totaling SGD 27.45 million (approximately USD...
