TOP STORY

Sep

17

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 moneylaundering.com, Giegold said he and other European lawmakers want to create a more permanent panel to investigate financial crime. (Getty Images)

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Legs & Regs

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.

September 20, 2019

OFAC Announces Changes Made to SDN List in 2019

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, 2019 and Sept. 20, 2019.

September 20, 2019

US Treasury Sanctions Iran’s Central Bank, National Development Fund

The U.S. Treasury Department announced that the Office of Foreign Assets Control sanctioned the Central Bank of Iran, the National Development Fund of Iran and Etemad Tejarate Pars Co. under Executive Order 13224 for supporting the Islamic Revolutionary Guards Corps Qods Force.

September 20, 2019

OFAC Adds Two Entities, Amends One Entry on Iran Sanctions List

The Office of Foreign Assets Control of the U.S. Treasury Department notified financial institutions regarding additions to the Specially Designated Nationals List with respect to Iran and counterterrroism.

September 20, 2019

Financial Crime Matters: Alexandra Jour-Schroeder of the European Commission

August 20, 2019

In his new podcast, Kieran Beer, editor in chief of ACAMS moneylaundering.com, 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.

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More News

US Sanctions Against Iran’s Central Bank to Impact Host of OFAC Licenses

By : Valentina Pasquali

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.
September 20, 2019

Weekly Roundup: US Officials Target Iran’s Central Bank, Lebanese Lender to Liquidate, and More

FBI subpoenas lenders for client data, former banker accuses several financial institutions of facilitating German tax fraud, and more, in the weekly roundup.
September 20, 2019

German AML Bill Takes Aim at High-Risk Correspondent Relationships

By : Gabriel Vedrenne and Koos Couvée

Legislation up for debate in Germany would prompt banks to review and possibly reconsider their correspondent ties with financial institutions in several EU nations, including Malta, Latvia and Cyprus, sources told ACAMS moneylaundering.com.
September 18, 2019

Midweek Roundup: Standard Chartered Rescreens Clients, London Lender Settles Sudan Sanctions Violations, and More

September 18, 2019

Legal Brief: US Financial Measures Against Homegrown Extremism

By : Leily Faridzadeh, moneylaundering.com legal writer

September 17, 2019
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Enforcement Actions

OFAC: ​British Arab Commercial Bank Plc to Pay $4 Million Penalty to Settle Sanctions Violations

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.
September 17, 2019

Latvian Regulator Fines JSC PrivatBank €1,019,319 for AML/CTF Failures

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.
September 13, 2019

CFTC Orders Phillip Capital Inc. to Pay $1.5 Million for Cybersecurity Violations

September 12, 2019

UK Gambling Commission Fines Silverbond Enterprises Limited £1.8 Million for Money Laundering Failures

September 11, 2019

AUSTRAC Issues AU$252,000 Infringement Notice to Compass Global Holdings Pty Ltd for Reporting Failures

September 10, 2019