As the Institute of Business Ethics calls for City law firms to apply much tougher anti-money laundering controls to prospective clients, Ellen Gallagher argues that over-compliance risks depriving ...

Public comment will be accepted for 60 days after the proposal is published in the Federal Register in the coming days.

Simply sign up to the UK financial regulation myFT Digest -- delivered directly to your inbox. The supervision of anti-money laundering controls at lawyers, accountants and other professional services ...

Tackling sanctions evasion can often be likened to patching a leaky boat. As one hole is patched, another opens. This is particularly the case when dealing with kleptocrats. Kleptocracy is when ...

Nordea, which has had a branch in New York City for decades, said it has since fortified those efforts, while its former processes, policies and controls involved a shuttered brank in Denmark and ...

Time and again, seemingly successful bank mergers have been rocked by revelations of poor anti-money-laundering compliance. Assessing the AML risk of a potential merger partner is extremely tricky, ...

The Treasury Department Wednesday proposed a set of rules that would require stablecoin issuers to abide by risk-based ...