Columbus, Ohio, roofer Terrance J. King, owner of Home Improvement Terrance King, which also did work in the Dayton area, has been sentenced to 48 months in prison and ordered to pay $241,000 in restitution. In November 2013, King pleaded …
Ebix Inc. said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker’s cross-border financial transactions. A former Ebix executive was asked by …
Federal investigators are reviewing Ebix Inc.’s cross-border financial transactions to see whether the Atlanta-based software company engaged in money laundering, according to three people with knowledge of the matter. Ebix fell $2.50 to $9.29 or 21 percent, at 1:43 p.m. …
Global banks will have to vet all customers for terrorism links as part of a crackdown on money laundering and criminal finance. Terrorist screening “should be carried out irrespective of the risk profile attributed to the customer,” the Basel Committee …
The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with recently declared intentions also to hold individual bankers …
HSBC Holdings Plc has agreed to pay $1.92 billion to settle a multi-year U.S. criminal probe into money-laundering lapses at the British lender, the largest penalty ever paid by a bank. HSBC admitted to a breakdown of controls and apologized …
HSBC’s chief executive apologized on Monday for shameful and embarrassing mistakes made on anti-money laundering controls as the bank set aside $2 billion to cover the cost of U.S. investigations and compensate UK customers for mis-selling. Europe’s biggest bank reported …
