U.S. Unveils Anti-Money Laundering Package
The measures include requiring financial institutions to identify the beneficial owners of companies opening accounts with them.
Citigroup Discloses FIFA Bribe Probe Subpoena
Federal prosecutors are investigating whether banks should have raised alarms about money transfers linked to allegedly corrupt FIFA officials.
Feds Move to Curb Real Estate Secrecy
The anti-money laundering action means buyers of high-end property in Manhattan and Miami can no longer hide behind shell companies.
Fed Faults Chinese Banking Giant Over Compliance
China Construction Bank's first branch in North America is ordered to improve its anti-money laundering practices.
Ex-Compliance Chief Accused of Duping Investors
"We allege a classic situation of the fox guarding the henhouse," said an SEC director.
Regulators Fine Virtual Currency Firm $700,000
Ripple Labs, creator of the XRP digital currency, failed to maintain money laundering programs or register as a money services business, charges FinCEN.