TOP STORY

Sep

‘FinCEN Files’ Highlight Ongoing Risks of SAR Filing Practices

The FinCEN Files, a cache of records leaked from the U.S. financial intelligence unit, show that JPMorgan Chase handled millions of dollars for Paul Manafort, above, after he resigned as President Donald Trump’s campaign chairman in 2016. (Getty Images)

Legs & Regs

HM Treasury Publishes Updated Version of Asset Freeze Sanctions List

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.

September 30, 2020

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 30, 2020

OFAC Announces Changes Made to SDN List in 2020

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, 2020 and Sept. 30, 2020.

September 30, 2020

OFAC Adds 20 Entries to Syria, Cuba Sanctions Lists

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

September 30, 2020

Financial Crime Matters: Edward Kitt and the Benefits of Public-Private Partnerships

July 30, 2020

In the latest episode of “Financial Crime Matters,” Kieran Beer, editor in chief of ACAMS moneylaundering.com, and Edward Kitt, illicit finance policy lead at the British Embassy in Washington, D.C., discuss public-private partnerships and the fight against transnational financial crime.

ACAMS 8th Annual AML & Anti-Financial Crime Conference – Virtual Canada

DATE: 10/20/20 - 10/22/20

LOCATION: Web Seminar, United States

View Events Calendar

True or False? According to a joint statement released on Aug. 21, 2020 by five U.S. financial regulators, all politically exposed persons are considered high-risk.

A. True.
B. False.

View all quizzes

More News

Without United Kingdom, EU Sanctions Lack Punch: Sources

By : Koos Couvée

The EU's inability to finalize sanctions against Belarusian officials for violating human rights may indicate that the presence of Britain, which has already imposed restrictions on President Alexander Lukashenko, is missed in the bloc, sources told ACAMS moneylaundering.com.

September 30, 2020

FinCEN Director Discusses COVID-19 Fraud Schemes, Suspicious Activity Reports

By : Daniel Bethencourt and Valentina Pasquali

U.S. financial institutions have filed more than 91,000 SARs on potentially illicit payments related to the novel coronavirus pandemic since February, Ken Blanco, director of the Financial Crimes Enforcement Network, said Tuesday.

September 29, 2020

Community, Intimidation and Opportunism: Italian Organized Crime’s Recipe for Success

Italian organized-crime syndicates have expanded beyond their communities of origin to infiltrate legitimate economies and launder their profits at home and abroad, Anna Sergi, a senior lecturer in criminology at the University of Essex, told ACAMS moneylaundering.com.

September 28, 2020

Weekly Roundup: Western Union Targets COVID-19 Fraud, Bank Shares Drop After FinCEN Files, and More

September 25, 2020

FinCEN Files Puts Focus on Banks, Obscures Larger Problem: Sources

By : Daniel Bethencourt

September 25, 2020

Enforcement Actions

CSSF: Banque de Commerce et de Placements S.A. to Pay €170,000 for AML/CTF Failures

The Commission de Surveillance du Secteur Financier of Luxembourg issued an administrative fine of €170,000 against the Geneva, Switzerland-based bank for violations of the anti-money laundering and counterterrorist financing rules.

September 29, 2020

DOJ: JPMorgan Chase & Co. Agrees to Pay Over $920 Million to Resolve Wire Fraud Charges

The Justice Department entered into a deferred prosecution agreement with the New York, NY-based financial institution to resolve charges related to two distinct wire fraud schemes involving unlawful trading in the markets for precious metals futures contracts and U.S. Treasury futures contracts.

September 29, 2020