What happened
FinCEN's recent anti-money laundering penalty against UBS highlights the need for companies to align sanctions and anti-corruption controls with risk assessments as enforcement intensifies.
Named in this item
STATUS
NAME
ISO
PROGRAM
IDENTIFIER
Financial Crimes Enforcement Network
Organization, regulator US — —
Organization, regulator US — —
What compliance teams should check
- Review AML and sanctions controls
- Align anti-corruption measures with risk assessments
- Escalate and investigate red flags promptly
- Test remediation processes regularly
FOR COMPLIANCE TEAMS
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Financial Crimes Enforcement Network actions, including its recent anti-money laundering penalty against UBS, signal that companies should align sanctions and anti-corruption controls with documented risk assessments, quickly escalate and investigate red flags, and test remediation as enforcement intensifies, say attorneys at Bass Berry.Law360, 24 Sep 2026, 10:55 UTC, law360.com