TOP STORY

Dec

14

Manafort Case Holds Lessons for Compliance Officers

Paul Manafort, U.S. President Donald Trump’s former campaign manager, is pictured in this photo by Alamy. Former federal prosecutors say that the illicit financial activity alleged in an indictment against Manafort may help banks better identify high-risk clients and transactions.

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ADDITIONAL STORIES

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The Financial Action Task Force published an updated table of ratings that reflect the extent to which a country's anti-money laundering measures have been implemented and the effectiveness of such measures. The assessment table includes ratings on all countries evaluated under the 2013 methodology.
The Financial Action Task Force published its first enhanced follow-up report on Austria's anti-money laundering and counterterrorist financing framework that analyzes progress made in addressing deficiencies and re-rates Austria on 10 technical compliance ratings.

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Enforcement Actions

The Reserve Bank of India issued a monetary penalty against the Manipal, India-based bank for non-compliance with anti-money laundering and know-your-customer requirements.
The Office of Foreign Assets Control issued the monetary penalty against the York, PA-based dental equipment company for possible violation of the Iranian Transactions and Sanctions Regulations.