TOP STORY

Nov

18

Florida Anti-Corruption Expert Charged with Handling Proceeds of Corruption

Bruce Bagley, a professor of international relations at the University of Miami, is interviewed in Mexico on Saturday, July 21, 2012. A U.S. indictment unsealed Monday, Nov. 28, 2019, charges Bagley with laundering the proceeds of corruption. (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 21, 2019

HMT Renews Two Terrorism, Terrorist Financing Sanctions Designations

HM Treasury’s Office of Financial Sanctions Implementation notified financial institutions regarding the renewal of two final designations on its sanctions list with respect to terrorism and terrorist financing.

November 21, 2019

OFAC Issues Final Rule Amending Venezuela Sanctions Regulations

The U.S. Treasury Department’s Office of Foreign Assets Control issued a final rule amending the Venezuela Sanctions Regulations to incorporate additional Executive orders, add a general license authorizing certain U.S. Government activities and add an interpretive provision.

November 21, 2019

US Treasury Department Highlights Work of Counter ISIS Finance Group

The U.S. Treasury Department published the joint statement of the leaders of the Counter ISIS Finance Group, which met on Nov. 19 and 20, 2019 to discuss the effort to counter the financing of the Islamic State of Iraq and the Levant.

November 21, 2019

From the Editor: It’s Complicated

October 1, 2019

The value of sanctions in accomplishing foreign policy objectives has long been a subject of debate. While financial professionals must block payments involving blacklisted entities regardless of their efficacy, that conversation is clearly one in which they have a big stake.

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More News

New Jersey Bank’s New Owner Spared Enforcement for Previous Violations

By : Daniel Bethencourt

The new owner of City National Bank of New Jersey, a community lender that processed millions of dollars for suspected criminals and also violated federal safety-and-soundness rules, will not face enforcement for the institution's prior misdeeds, U.S. regulators said.
November 20, 2019

Midweek Roundup: FATF Prepares Praise for Russia, Westpac Targeted in Australian AML Probe, and More

European officials revoke Anglo-Austrian Bank's license, SEB given list of around 200 suspected money-laundering firms, and more, in the midweek roundup.
November 20, 2019

As FATF Readies Praise for Russia, Critics Anticipate Backlash

By : Koos Couvée

In a draft report that all but promises to elicit sharp criticism from bankers, anti-graft advocates and governments alike, a group that promulgates global anti-money laundering standards has found that Russia's controls against financial crime rank among the best in the world.
November 19, 2019

Legal Brief: Cybercriminal Reliance on Money Mules Furthers Growing Problem

By : Silas Bartels, moneylaundering.com legal writer

November 18, 2019

Florida Anti-Corruption Expert Charged with Handling Proceeds of Corruption

By : Daniel Bethencourt

November 18, 2019
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Enforcement Actions

Hong Kong SFC Bans Former Officer of DSAL for Accepting Bribes

The Securities and Futures Commission of Hong Kong banned Ma Sin Chi, a former responsible officer of Deutsche Securities Asia Limited, a subsidiary of Deutsche Bank, for life in connection with his crime of accepting bribes of approximately HK$6.4 million.
November 14, 2019

OFAC: Apollo Aviation Group to Pay $210,600 for Apparent Sudan Sanctions Violations

The U.S. Department of the Treasury’s Office of Foreign Assets Control entered into a settlement with the Miami, FL-based company, now doing business as Carlyle Aviation Partners Ltd, to settle its potential civil liability for apparent violations of the Sudanese Sanctions Regulations.
November 7, 2019

FDIC: HomeStreet Bank to Pay $1.35 Million for RESPA Violations

November 6, 2019

RBI Fines The Mehsana Urban Co-operative Bank Ltd. for KYC, Other Failures

November 4, 2019

Bank of Lithuania Orders MisterTango UAB to Pay €245,000 for AML/CTF Breaches

October 25, 2019