News»

Midweek Roundup: U.S. Accuses Lawmaker of Financial Wrongdoing, Western Union to Increase AML Spending, and More Western Union will commit additional resources beyond the $250 million it spends annually to prevent fraud and money laundering, the Dubai Financial Services Authority fined Arqaam Capital $50,000 for unspecified AML violations, and more, in the midweek roundup.
More...
July 29, 2015
Senate Committee Approves Bill to Blacklist Corrupt Officials Worldwide A U.S. Senate committee on Wednesday unanimously approved a measure that would empower the White House to blacklist corrupt foreign officials and individuals responsible for human rights abuses worldwide.
More...
July 29, 2015
U.K.’s Cameron Proposes Tougher Tack on Property Market Corruption The United Kingdom will consolidate data on land ownership by foreign firms and consider additional steps to crack down on the use of shell companies to purchase property with illicit funds.
More...
July 28, 2015
FinCEN Proposal for Investment Advisers Clears OMB Hurdle The White House’s budgetary office has approved a U.S. Treasury Department plan to require investment advisers to adopt anti-money laundering controls, including suspicious activity reporting.
More...
July 24, 2015
Cardin
The Senate Foreign Relations Committee approved a bill by Sen. Ben Cardin (D-MD) Wednesday that would allow the White House to blacklist any foreign individual deemed responsible for corruption and human rights abuses. More
HM Treasury Publishes Updated Version of Asset Freeze Sanctions List HM Treasury modified its Consolidated List of Financial Sanctions Targets in the United Kingdom, which contains the names of designated individuals and entities subject to international asset freezing and domestic sanctions under the Terrorist Asset-Freezing etc. Act 2010.
Original | Brief
July 29, 2015
FINTRAC Publishes Notice on Recent FATF Statements Canada's Financial Transactions and Reports Analysis Centre issued an advisory notice concerning jurisdictions identified by the Financial Action Task Force on June 26, 2015 as those with anti-money laundering and counterterrorist financing risks.
Original | Brief
July 29, 2015
President Obama Extends National Emergency Regarding Lebanon President Obama extended for one year Executive Order 13441 which declares a national emergency to deal with the threat to the national security and foreign policy of the United States caused by the actions of certain persons in Lebanon.
Original | Brief
July 29, 2015
Test Your AML IQ
Current members of the Middle East & North Africa Financial Action Task Force include:
  • Utica
Free weekly newsletter with Money Laundering Training Events
Subscribe Now Learn More Free Demo

If You See Something, Say Something

 

May 15, 2015



I’ve always found it offensive when tabloids use terms like “rat” or “squealer” to describe the actions of those who report or testify about criminal behavior. It's no less offensive when one of the terms is used in defense of attorney-client privilege.

 

Read More
OFAC Fines Blue Robin, Inc. $82,260 for Violating Iranian Sanctions The U.S. Treasury Department's Office of Foreign Assets Control issued a monetary penalty against the Waltham, MA-based based company for providing Website development services for an Iranian company in violation of the Iranian Transactions and Sanctions Regulations.
Original | Brief
July 29, 2015
SEC: Mead Johnson Nutrition Company to Pay $3 Million Penalty for FCPA Violations The U.S. Securities and Exchange Commission imposed a cease-and-desist order against the Glenview, IL-based company for violations of the Foreign Corrupt Practices Act by employees of the company's majority-owned subsidiary in China for improper payments to health care professionals in China.
Original | Brief
July 28, 2015
Skip Navigation Links
Skip navigation links
Legs & Regs 
Countries 
QUIZZES
Resources 
News 
Enforcement Actions