Bank manager processed US$92 million worth of transactions for ring
Firm failed to report attempted suspicious transactions
Firm self-reported weaknesses in controls, beefed up compliance
Agency alleges breaches discovered in compliance exam
Platform didn't collect KYC data, apply money laundering rules
Despite U.S. government enthusiasm, crypto rise threatens financial system
Regulator brings first enforcement action against a professional body
Firm fined for series of violations uncovered in compliance exam
Probe related to Mozambique loans was opened in 2020
Firm penalized for breaches uncovered in a compliance exam