High Court orders ASB Bank to pay record $6.7 million penalty for anti-money laundering breaches

The High Court has ordered ASB Bank to pay $6.731 million for breaching anti-money laundering laws. The penalty is the ...
JD Supra

FinCEN proposes fundamental reform of AML/CFT program requirements

On April 7, 2026, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a notice of proposed rulemaking ...
Corporate Compliance Insights

FinCEN’s Proposed New AML Rules: What You Need to Know

Government money-laundering watchdogs have proposed an overhaul of rules that dictate how financial institutions avoid the ...
interest.co.nz

ASB to pay highest AML penalty ever imposed by a NZ court

ASB's $6.73m anti-money laundering fine confirmed by High Court after compliance failures relating to billions of dollars worth of transactions ...
The Council of Europe

Financial Intelligence Units

The core function of an FIU is the receipt, analysis and transmitting of reports of suspicions identified and filed by the private sector.
JD Supra

FinCEN Proposes New Rule Introducing Reforms to AML/CFT Programs

On April 7, 2026, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking (NPRM) designed to reform anti-money laundering (AML) and ...

ASB Bank Ordered To Pay $6.731 Million In Largest AML/CFT Penalty To Date

Te Pūtea Matua welcomes the High Court’s decision to impose a civil pecuniary penalty of $6.731 million on ASB Bank Limited for seven breaches of the Anti-Money Laundering and Countering Financing of ...