TOP STORY

Dec

11

In Global Evaluation, Israel Receives High Marks from FATF

Pedestrians cross a rain-slicked Jaffra Road in Jerusalem on Monday, Nov. 30, 2015. An intergovernmental group gave Israel high marks in a report on the country’s efforts against financial crime published Monday, Dec. 10, 2018. (Alamy)

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The European Union issued Council Regulation (EU) 2018/2004, amending the sanctions measures against Libya following updates made by the United Nations Security Council on Nov. 5, 2018.
Inspectors General concluded that information security programs are not being effectively implemented at 17 out of 23 U.S. government agencies and, 17 out of 23 agencies have also failed to meet the government's cybersecurity performance goals.
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Enforcement Actions

The Financial Industry Regulatory Authority issued a letter of acceptance, waiver and consent requiring the Weehawken, NJ-based firm and UBS Securities LLC, its New York-NY, based affiliated company, to pay the $5 million fine for violations of the Bank Secrecy Act and money laundering rules.
The U.S. Securities and Exchange Commission issued a cease and desist order against the Weehawken, NJ-based firm requiring it to pay the fine for its failure to implement proper anti-money laundering and Bank Secrecy Act procedures.