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Midweek Roundup: White House Clinches Senate Support of Iran Deal, Argentina Orders HSBC to Replace Execs over Compliance Issues, and More The European Union will extend sanctions against Russia through March 15, New Mexico’s top prosecutor charged Secretary of State Dianna Duran with money laundering, and more, in the midweek roundup.
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September 2, 2015
Caesars Palace Deal Will Include First AML Fine by Nevada in a Decade: Source Nevada state regulators will levy a monetary penalty and set conditions on Caesars Entertainment’s gaming license as part of an anti-money laundering settlement, according to an individual with knowledge of the plan.
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September 1, 2015
Vancouver’s Real Estate Boom Raises Questions on AML Oversight: Former Investigator Lax enforcement of Canada’s anti-money laundering laws and regulations have helped make British Columbian property an attractive investment for criminals, according to Kenneth Marsh, a former investigator of organized crime for the Royal Canadian Mounted Police.
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August 31, 2015
Weekly Roundup: FBME Wins Preliminary Injunction Against FinCEN Designation, U.K. to Review AML Rules, and More Switzerland will soon adopt a law to expedite the return of stolen assets held in Swiss bank accounts, India and Germany have agreed to enhance the exchange of tax-related information, and more, in this week's roundup.
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August 28, 2015
Vegas
With a pending fine against Caesars Palace, the Nevada Gaming Control Board is expected to issue its first AML enforcement action in a decade. More
EU, Interpol Project Reveals Extent of E-Waste in Europe A European Union funded and Interpol coordinated project which examined Europe's used and waste electronics market concluded that more than four million tons of e-waste, including circuit boards and precious metals, was illicitly traded within Europe.
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September 2, 2015
Department of Commerce Adds Entries Under EAR Regulations Concerning Russian Sanctions The U.S. Department of Commerce issued a final rule concerning the addition of 29 individuals and 33 entities pursuant to the Export Administration Regulations in relation to sanctions against Russia for its role in the conflict in eastern Ukraine. The rule is effective Sept. 2, 2015.
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September 2, 2015
New Mexico Man Sentenced for Laundering Drug Trafficking Proceeds Jerome Eckstein was sentenced to 15 months in prison, fined $46,100.55 and will be subject to three years of supervised release for laundering the proceeds of drug trafficking by writing checks made payable to fictitious companies for work that was never performed.
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September 1, 2015
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From the Editor: Can Bitcoin be Saved from the ‘Dark Side?’

August 7, 2015

It has had a difficult childhood and a rocky adolescence, but Bitcoin is a pretty smart payment protocol that still has a promising future.

Trouble is, the virtual currency seems to have been adopted by lots of questionable characters, some of them outright criminals, including murderers, traffickers in human beings and drugs, extortionists and terrorists. So it’s reasonable to ask if Bitcoin can be saved from the dark side.


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DOJ: Hypothekarbank Lenzburg AG Fined $560,000 Under Swiss Bank Program The U.S. Justice Department entered into a non-prosecution agreement with the Lenzburg, Switzerland-based financial institution requiring it to make a complete disclosure of their cross-border activities and close all accounts of U.S. clients who fail to come into compliance with U.S. tax laws.
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August 27, 2015
OFAC Fines UBS AG $1,700,100 to Settle 222 Global Terrorism Sanctions Regulations Violations The U.S. Treasury Department's Office of Foreign Assets Control issued the monetary penalty against the Zurich, Switzerland-based bank to settle its potential liability for 222 apparent violations of the Global Terrorism Sanctions Regulations between Jan. 2008 and Jan. 2013.
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August 27, 2015
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