Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.
Largest DOJ fine - $25M - to a money transmitter could hit California company for violating anti-money laundering rules
1 Min Read
NEW YORK –– Minutes ago, Fortent Inform and moneylaundering.com broke the news that what would be the largest fine ever against a “money services business,” or money transmitter, will be paid to the Department of Justice by a California company. California money transmitter Sigue Corp. will pay the U.S. DOJ as much as a record-breaking $25 million to settle charges it violated anti-money laundering rules in its handling of remittances to Mexico, they reported.
The breaking news was just reported on Fortent Inform’s website – a proprietary news and information source for AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) professionals.
About the Author(s)
You May Also Like
More Insights
Webinars
Beyond Spam Filters and Firewalls: Preventing Business Email Compromises in the Modern Enterprise
April 30, 2024Key Findings from the State of AppSec Report 2024
May 7, 2024Is AI Identifying Threats to Your Network?
May 14, 2024Where and Why Threat Intelligence Makes Sense for Your Enterprise Security Strategy
May 15, 2024Safeguarding Political Campaigns: Defending Against Mass Phishing Attacks
May 16, 2024
Events
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024
