http://www.moneylaundering.com/This is a demonstration of creating an RSS feed.60http://www.moneylaundering.com/subscribers/resources/pdfs4db/FSA_AdminAction_Citibank_20090626.pdfJapan's Financial Services Agency (FSA) filed an administrative action against the Japanese branch of the banking conglomerate because it lacked internal controls to detect suspicious activity and money laundering. The firm must suspend all sales operations pertaining to its retail banking products. Fri, 26 Jun 2009 00:00:00 -0400http://www.moneylaundering.com/subscribers/resources/pdfs4db/NewZealand_Parliament_AMLBill_20090628.pdfThe New Zealand Parliament began deliberating over a bill to counter money laundering and terrorist financing that would expand due diligence requirements from financial institutions and casinos to include industries and professions where laundering could occur, such as lawyers and accountantsThu, 25 Jun 2009 00:00:00 -0400http://www.moneylaundering.com/subscribers/resources/pdfs4db/Cases_Standford_Indictment_20090618.pdfA Grand Jury filed an indictment against Robert Allen Stanford and other principals of the Stanford Financial Group, charging them with seven counts of wire fraud, ten counts of mail fraud, one count of obstruction, and three separate conspiracy counts, including one to commit money laundering.Thu, 18 Jun 2009 00:00:00 -0400http://www.moneylaundering.com/subscribers/resources/pdfs4db/FinCEN_Guidance_NorthKorea_20090618.pdfTo supplement a recent United Nations (UN) resolution, the Financial Crimes Enforcement Network (FinCEN) provided guidance advising institutions to implement risk mitigation measures to counter possible North Korean efforts to use correspondent accounts, foreign branches, and subsidiaries to hide illicit conduct. FinCEN urged financial institutions to be sufficiently aware of their exposure to North Korean financial firms, including a list of banks in the guidance.Thu, 18 Jun 2009 00:00:00 -0400http://www.moneylaundering.com/subscribers/resources/pdfs4db/FinCEN_Guidance_314b_20090616.pdfThe Financial Crimes Enforcement Network explained the scope of information sharing allowed under the section 314(b) safe harbor provision. The safe harbor protects participating institutions from civil liability, while permitting them to share data to identify and report suspicious activity.Tue, 16 Jun 2009 00:00:00 -0400