TOP STORY

Aug

10

US Financial Institutions Filing More SARs on Cryptocurrency Transactions

FinCEN Director Ken Blanco delivers remarks on Monday, April 16, 2018, at the ACAMS moneylaundering.com AML & Financial Crime Conference in Hollywood, Florida.

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ADDITIONAL STORIES

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The Office of Foreign Assets Control of the U.S. Treasury Department released updated Consolidated Sanctions List Data Files, which includes list files that are not part of its Specially Designated Nationals and Blocked Persons List. The list was updated as of Aug. 15, 2018.
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.
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Enforcement Actions

The U.S. Justice Department entered into a settlement agreement with the Edinburgh, UK-based financial institution in which the bank agreed to pay $4.9 billion to resolve claims that it misled investors in the underwriting and issuing of residential mortgage-backed securities between 2005 and 2008.
The U.S. Justice Department entered into a deferred prosecution agreement with the Zurich, Switzerland-based bank requiring it to pay a penalty, restitution and forfeiture for helping certain U.S. taxpayers evade their U.S. tax obligations from approximately 2002 through in or about 2009.