TOP STORY

Jan

EXCLUSIVE: Ex-FATF Leader Breaks Silence on Resignation, Claims Group Does Not Spur ‘Meaningful’ AML Reform

In an exclusive interview with moneylaundering.com, FATF’s former executive secretary David Lewis, right, discussed his reasons for leaving the organization. (AP Images)

Legs & Regs

OFAC Announces Changes Made to SDN List in 2022

The Office of Foreign Assets Control released a cumulative list of changes made to the list of Specially Designated Nationals and Blocked Persons between Jan. 1, 2022 and Jan. 20, 2022.

January 20, 2022

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.

January 20, 2022

OFAC Adds Four Individuals to Russia Sanctions List

The Office of Foreign Assets Control of the U.S. Treasury Department published a notice concerning the addition of four individuals to the Specially Designated Nationals List with respect to Russia’s harmful foreign activities.

January 20, 2022

US Treasury Sanctions Four Russia-Related Individuals for Destabilizing Activities in Ukraine

The U.S. Treasury Department announced that the Office of Foreign Assets Control sanctioned four individuals for engaging in activities to destabilize Ukraine at the direction of the Russian government.

January 20, 2022

Financial Crime Matters: Author Discusses US Enablement of Global Financial Crime

December 30, 2021

In this episode of Financial Crime Matters, Kieran Beer of ACAMS moneylaundering.com and Casey Michel, an investigative journalist, discuss the latter’s recently published book, “American Kleptocracy.”

According to the Financial Crimes Enforcement Network, the most common payment method linked to illegal wildlife trafficking reported in suspicious activity reports is:

A. Credit cards.
B. Fund Transfers.
C. Virtual currencies.
D. None of the above.

View all quizzes

More News

US National Financial-Crime Priorities Will Test Smaller Banks

By : Valentina Pasquali

Community banks, credit unions and other small financial institutions may face a stiffer challenge in observing the U.S. government's new list of urgent financial-crime threats than their larger peers, senior federal regulators said.

January 19, 2022

Midweek Roundup: Ex-FATF Leader Criticizes Group, US National Priorities Will Challenge Smaller Banks, and More

U.S. court suspends case against Turkish lender, U.K. regulators investigating two financial institutions suspected of AML breaches, and more, in the midweek roundup.

January 19, 2022

Legal Brief: US Renews Focus on Tackling Corruption, Human Rights Violations Through Sanctions

By : Leily Faridzadeh, Legal Reporter

In the year's first installment, the moneylaundering.com legal team looks at the Biden Administration's efforts to expand sanctions targeting human rights abuses and corruption.

January 18, 2022

Weekly Roundup: FinCEN Prepares Regulatory Sandboxes, US Senators Pitch Sweeping Sanctions Against Russia, and More

January 14, 2022

FinCEN Eyes AML ‘Sandboxes’

By : Valentina Pasquali

January 13, 2022

NICE Actimize. Focus on the Truly Suspicious - Put High-Risk Alerts First. Get the infographic” style=

Enforcement Actions

Hong Kong SFC Fines Zhonghui International Futures Company Limited HK$5 Million for AML Deficiencies

The Securities and Future Commission of Hong Kong imposed a HK$ 5 million monetary penalty on the futures company for know your customer violations that occurred from May 2017 until July 2018.

January 20, 2022

MAS Fines Vistra Trust (Singapore) Pte Limited S$1.1 Million for AML Failures

The Monetary Authority of Singapore fined the trust company S$1.1 million after a 2019 inspection uncovered serious breaches of anti-money laundering and counterterrorist financing requirements.

January 20, 2022