TOP STORY

Jan

14

Belgian Officials Raise Alert Over General Partnerships

Belgium’s financial intelligence advised banks and other institutions to monitor transactions involving general partnerships for signs of illicit activity. (Shutterstock)

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Legs & Regs

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Enforcement Actions

The U.S. Justice Department entered into a deferred prosecution agreement with the Indonesia-based global supplier of cigarette paper products to resolve charges that the company conspired to commit bank fraud in connection with the shipment of products to North Korean customers.
Luxembourg's Commission de Surveillance du Secteur Financier issued a €150,000 penalty against the Luxembourg-based financial firm for failing to address anti-money laundering and counterterrorist financing deficiencies related to internal governance and risk management.