EU Lawmakers Plan New Committee on Financial Crime

German MEP Sven Giegold, speaks to Green Party delegates on Saturday, Nov. 10, 2018, in Leipzig, Germany. In an interview with ACAMS, Giegold said he and other European lawmakers want to create a more permanent panel to investigate financial crime. (Getty Images)


Legs & Regs

In his new podcast, Kieran Beer, editor in chief of ACAMS, interviews the movers and shakers of the anti-financial crime world. Listen to fast-paced conversations about the latest financial scandal to hit newsstands, and insights on trending financial crime topics.
U.S. officials blacklisted the Central Bank of Iran, a sovereign wealth fund and a firm allegedly run by the country's Defense Ministry on Friday, a week after a drone attack on Saudi Arabian oil facilities erased millions of barrels from global energy supplies.
FBI subpoenas lenders for client data, former banker accuses several financial institutions of facilitating German tax fraud, and more, in the weekly roundup.

Enforcement Actions

The Treasury Department's Office of Foreign Assets Control issued a $4 million civil penalty against the London, United Kingdom-based to resolve 72 apparent violations of the Sudanese Sanctions Regulations between Sept. 21, 2010 and Aug. 27, 2014.
Latvia's Financial and Capital Market Commission issued the fine against the Dnipro, Ukraine-based bank for violations of the anti-money laundering, counterterrorist financing and proliferation financing rules.