Beneficial Ownership Challenge Faces
High Bar in 11th Circuit
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Midweek Roundup: Danske Bank Settles French Charges, Switzerland Reprimands Private Lender, and More
International operation targets encrypted phone network, SBF appeals conviction, and more, in the midweek roundup.
September 18, 2024
Breaking September 18, 2024: 6:49 am ET
Danske Bank Pays €6.3 Million to Settle Money Laundering Charges in France
US Prosecutor Discusses Recent Money Laundering Cases Involving Las Vegas Casinos
By Chelsea Carrick
ACAMS moneylaundering.com reporter Chelsea Carrick spoke with Jeff Mitchell, assistant U.S. Attorney for the Central District of California, about non-prosecution agreements signed by MGM Grand and The Cosmopolitan casinos, and what lessons the industry should draw from them.
September 17, 2024
Swiss Regulator Reprimands Mirabaud for ‘Serious’ AML Breaches
By Gabriel Vedrenne
Switzerland's financial regulator on Tuesday barred private bank Mirabaud from taking on new high-risk clients and ordered it to return $15 million in "unlawfully generated" profits after uncovering anti-money laundering breaches and other compliance violations.
September 17, 2024
Financial Crime Matters: Santander’s Fraud and Risk Management Chief Discusses Online Scams
By Kieran Beer
In this Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com and Chris Ainsley, chief of fraud risk management at Santander, discuss fighting push-payment fraud and other online scams.
September 16, 2024
Enforcement Actions
The French National Financial Prosecutor entered into a judicial public interest agreement with the Copenhagen, Denmark-based bank that requires it to pay €6,328,799, including a fine of €6,028,799 and €300,000 as compensation for damages.
August 27, 2024
A federal court approved settlements related to actions brought by the Federal Trade Commission against four companies and their executives for their involvement in unauthorized billing and credit card laundering schemes.
September 17, 2024
Legs & Regs
OFAC Adds 12 Individuals to SDN List, Amends Entry
The Office of Foreign Assets Control of the U.S. Treasury Department issued a notice concerning the addition of 12 individuals to the Specially Designated Nationals List with respect to Iran and counter terrorism issues.
September 18, 2024
US Treasury Sanctions Iranian Officials for Human Rights Violations
The U.S. Treasury Department announced that the Office of Foreign Assets Control has designated 12 individuals, including members of the Islamic Revolutionary Guard Corps, for their roles in the Iranian regime’s violent repression of civilians.
September 18, 2024
Australian Federal Police Taskforce Seizes Assets Linked to Criminal Syndicate
The Australian Federal Police announced that it restrained almost $2 million in assets, including cryptocurrency and two properties, in connection with an alleged criminal syndicate in Western Australia.
September 18, 2024
DOJ: Nigerian National Extradited to US to Face Charges in $8 Million Fraud, ML Scheme
The U.S. Justice Department announced the extradition of Newton Ofioritse Jemide, a Nigerian national, who faces charges of wire fraud and money laundering conspiracies tied to a scheme that defrauded the U.S. of federal benefits.
September 18, 2024
September 16, 2024
In this Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com and Chris Ainsley, chief of fraud risk management at Santander, discuss fighting push-payment fraud and other online scams.
August 1, 2024
‘As the other core markets for Russia are closing down and tightening the grip, they’re looking for other mechanisms. And we may be seen as an easier mechanism because we haven’t had the benefit of the learnings of the European and the American banks, where they have been really having to grapple with this on a day-to-day basis. We’re now really having to turn our attention to that indirect risk.’ -Kylie Oliver on sanctions risks in Australia.
DATE: 09/23/24 - 09/25/24
LOCATION: Aria Resort & Casino,
3730 Las Vegas Boulevard South
Las Vegas, NV 89158 United States
Las Vegas, NV 89158 United States
More News
Midweek Roundup: Danske Bank Settles French Charges, Switzerland Reprimands Private Lender, and More
International operation targets encrypted phone network, SBF appeals conviction, and more, in the midweek roundup.
September 18, 2024
Breaking September 18, 2024: 6:49 am ET
Danske Bank Pays €6.3 Million to Settle Money Laundering Charges in France
US Prosecutor Discusses Recent Money Laundering Cases Involving Las Vegas Casinos
By Chelsea Carrick
ACAMS moneylaundering.com reporter Chelsea Carrick spoke with Jeff Mitchell, assistant U.S. Attorney for the Central District of California, about non-prosecution agreements signed by MGM Grand and The Cosmopolitan casinos, and what lessons the industry should draw from them.
September 17, 2024
Swiss Regulator Reprimands Mirabaud for ‘Serious’ AML Breaches
By Gabriel Vedrenne
Switzerland's financial regulator on Tuesday barred private bank Mirabaud from taking on new high-risk clients and ordered it to return $15 million in "unlawfully generated" profits after uncovering anti-money laundering breaches and other compliance violations.
September 17, 2024
Financial Crime Matters: Santander’s Fraud and Risk Management Chief Discusses Online Scams
By Kieran Beer
In this Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com and Chris Ainsley, chief of fraud risk management at Santander, discuss fighting push-payment fraud and other online scams.
September 16, 2024
Enforcement Actions
The French National Financial Prosecutor entered into a judicial public interest agreement with the Copenhagen, Denmark-based bank that requires it to pay €6,328,799, including a fine of €6,028,799 and €300,000 as compensation for damages.
August 27, 2024
A federal court approved settlements related to actions brought by the Federal Trade Commission against four companies and their executives for their involvement in unauthorized billing and credit card laundering schemes.
September 17, 2024