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Starting in 2019, USAA has also faced a number of fines — $3.5 million over customer-related violations, $85 million over compliance and management issues and $140 million over weak protections ...
(Reuters) -A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S ...
Andrew Stuart Fastow (born December 22, 1961) is an American convicted felon and former financier who was the chief financial officer of Enron Corporation, an energy trading company based in Houston, Texas, until he was fired shortly before the company declared bankruptcy.
In Macau, the Macau News Agency (MNA) reported that 62 transactions involving more than US$68.2 million that flowed to or from four banks in Macau between 2000 and 2017 were flagged as potentially suspicious money-laundering transactions.
The business, which generated over $3.5 billion in revenue from just 2008 to June 2013, [1] ultimately made loans to at least 4.5 million Americans. [1] When state regulators tried to shut down his operations, Tucker made deals with Native American tribes to claim ownership of his business and invoke sovereign immunity from state courts. [2]
A Chainalysis report showed $8.6 billion worth of cryptocurrency was laundered in 2021, marking a 30% increase over 2020.
The Black Mafia Family (BMF) is a drug trafficking and money laundering organization in the United States. It was founded in 1985, in Southwest Detroit by brothers Demetrius Edward "Big Meech" Flenory and Terry Lee "Southwest Tee" Flenory.
The bank, which had laundered $60 million for Kattan in 1981 alone, [13] entered a guilty plea in 1984 in connection with laundering a total of $94 million. [14] The operation was generally successful at leading to prosecutions, [1] [3] and fragmented the drug trade. [2] By the end of October 1982, the operation led to 125 arrests. [6]