TOP STORY

Nov

13

Angolan Central Bank Theft First Target of Expanded UK Asset-Freeze Power

Vehicles park next to the National Bank of Angola on Thursday, April 28, 2014. U.K. officials used an expanded asset-freezing measure to restrain and recover hundreds of millions of dollars stolen from the lender last year. (iStock)

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MORE NEWS

November 19 2018

Danske Bank Agreement Obstructs Money Laundering Investigations: Whistleblower

By : Koos Couvée

The English trader who blew the whistle on suspicious accounts at Danske Bank’s affiliate in Estonia accused the lender in testimony Monday of actively seeking to quash investigations into the $200 billion money-laundering scandal he helped uncover.

November 19 2018

Societe Generale Illegally Served US-Blacklisted Groups, Failed Several AML Exams

By : Daniel Bethencourt

U.S. federal and state officials fined Societe Generale $1.3 billion Monday after accusing employeesn Paris of systematically omitting details on more than 2,000 payments tied to Iran, Cuba and Sudan over a period of several years.

November 16 2018

EU Plan to Save Iran Nuclear Pact Goes Largely Ignored: Sources

By : Koos Couvée

The European Union has received just five applications from firms seeking an exemption from “blocking” rules introduced in August to shield businesses from the effect of newly re-imposed U.S. sanctions against Iran, an EU official told ACAMS moneylaundering.com.

November 16 2018

Weekly Roundup: US Officials Pursue Danske Bank, Former Wells Fargo Banker Charged, and More

UBS whistleblower paid paltry compensation by French court, U.S. credit unions wade into cannabis banking, and more, in this week’s roundup.

From the Editor: The Return of the FISA Debate?

August 21 2018

Deja vu: the release of the FBI’s application for a warrant to spy on Carter Page, pictured on the left, has restarted the debate over the legitimacy of the FISA Court, once the subject of an ACAMS conference panel in 2009. (AP Images)

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Legs & Regs

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.
November 19 2018

OFAC Publishes Latest Edition of SDN List

The Office of Foreign Assets Control, part of the U.S. Treasury Department, updated its list of Specially Designated Nationals and Blocked Persons, which designates organizations and individuals who are restricted from doing business with the United States, American companies or Americans.
November 19 2018

OFAC Announces Changes Made to SDN List in 2018

November 19 2018

HM Treasury Adds Individual to Libya Sanctions List

November 19 2018

US Treasury Sanctions Militia Leader Responsible for Attacks on Libyan Capital

November 19 2018
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Enforcement Actions

NYSDFS: Société Générale to Pay $425 Million for AML/BSA, Sanctions Failures

The New York State Department of Financial Services issued two consent orders against the Paris, France bank and its New York, NY-branch for violations of the Bank Secrecy Act and federal laws governing sanctions against Iran, Sudan, Cuba and Libya.
November 19 2018

OFAC: Société Générale S.A. Must Pay Over $53.96 Million for Vast Sanctions Violations

The Office of Foreign Assets Control entered into a settlement agreement with the Paris, France-based financial institution that requires the bank to pay $53,966,916.05 to settle charges that it processed 1,077 transactions totaling $5,560,452,994.36 in violation of U.S. sanctions regulations.
November 19 2018

Fed Fines Société Générale S.A. Over $81 Million for Violations of US Sanctions Against Cuba

November 19 2018

DOJ: Société Générale S.A. to Pay Over $1.3 Billion for Sanctions Violations

November 19 2018

SEC: Vantage Drilling International Agrees to Disgorge $5 Million to Resolve FCPA Violations

November 19 2018