The Global RADAR Blog dealing with Anti Money Laundering

By Global Radar 15 July, 2025

Singapore Levies Major Penalties on Nine Banks in Billion-Dollar Money Laundering Case, Falls Short on Personal Liability

Last week, Singapore’s central bank, the Monetary Authority of Singapore (MAS), imposed collective fines totaling a whopping S$27.45 million ($21.5 million USD) against a total of nine financial institutions, a list including notable names such as UBS, Citibank, and Julius Baer Group, in connection with a major money laundering scandal that rocked the city-state in […]

U.S. Treasury Announces New Sanctions to Disrupt Iranian Oil Trade, Terror Group’s Financial Backing

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently announced two significant sets of sanctions targeting illicit financial networks tied to Iran and its ally in Lebanese militant group Hizballah, reinforcing the U.S. government’s commitment to curbing destabilizing activities in the Middle East. These actions, taken during a ceasefire in […]

Treasury Issues Historic Orders to Counter Fentanyl Trafficking, Prompting Response from Mexico

On June 25, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) – the bureau responsible for collecting and analyzing financial information to combat money laundering, terrorism financing, and other financial crimes both domestically and abroad – issued unprecedented orders targeting three Mexico-based financial institutions for their alleged roles in laundering money […]

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