Day: March 3, 2024

Written by FinCrime

Swedbank Cleared of Money Laundering by Estonian Prosecutor

Reported by Dominic Chopping Swedbank has been cleared of money laundering by Estonian prosecutors, ending a years-long probe into the Swedish bank.  Swedbank had been under investigation for governance deficiencies related to anti-money laundering measures in its Baltic subsidiaries after a Swedish TV show reported in 2019 that billions of dollars of potentially illicit funds […]

Written by FinCrime

Federal Court Rules Corporate Transparency Act Is Unconstitutional

Reported by Kelly Phillips Erb Months after the Corporate Transparency Act—or CTA—went into effect, a federal court has found it unconstitutional. The ruling resulted from a lawsuit filed by the National Small Business United (also known as the National Small Business Association, or NSBA) and Isaac Winkles. On March 1, 2024, U.S. District Judge Liles C. […]