The Trump administration is preparing changes to anti-money-laundering rules, proposing a more central role for the Treasury ...

Legal experts say the Trump administration is increasingly focused on prosecuting crimes only after the damage is done rather than enforcing Bank Secrecy Act regulations and other compliance-based ...

Placement is the first stage of the three stages of money laundering. At this stage, criminals attempt to enter the ‘dirty’ money into the financial system. This process can be dangerous because large ...

Money laundering moves illicit funds into legal channels, often through complex financial maneuvers. Banks combat money laundering with systems like KYC practices and transaction monitoring. Enhanced ...

Sanctions lawyers knew it was going to be bad before reaching the end of the first page of the charging document. Under the section heading, Overview, the government summarized the facts and ...

Rosalinda "La Jefa" González Valencia was sentenced to five years in prison for laundering money through a car wash she owns in Puerto Vallarta, Jalisco, Mexico. Prosecutors argued that Valencia was ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Ryan Knutson: Law enforcement officials were investigating a Mexican drug cartel.

The Sinaloa drug cartel is alleged to have worked with an underground Chinese money laundering group in Southern California to wash more than $50 million — transferring money made from drugs like ...

Danske Bank, Credit Suisse, Santander Bank UK, USAA Federal Savings Bank and Wells Fargo have all been subjected to significant fines, collectively amounting to about $2.2 billion, for various ...