TOP STORY

Jan

17

US Banks, MSBs File Few SARs on Human Trafficking and Smuggling

A U.S. Border Patrol agent monitors the barrier between Nogales, Arizona and Mexico on Tuesday, Nov. 29, 2016. New data indicates that U.S. financial institutions reported few suspected instances of human smuggling or trafficking over a three-month period last year. (Alamy)

lock

MORE NEWS

January 18 2019

Weekly Roundup: US Senate Endorses Lifting Sanctions Against 3 Russian Firms, Malaysia Wants $7.5 Billion from Goldman Sachs, and More

House Democrats plan strategy for investigating Trump’s alleged financial crimes, Dutch lender to trim executive payouts after paying money-laundering penalty, and more, in this week’s roundup.

January 17 2019

European Commission Unveils AML Data Exchange Pact with National Supervisors

By : Gabriel Vedrenne

European officials published a draft agreement Tuesday to exchange anti-money laundering and other banking data with national authorities amid revelations that billions of dollars in suspicious funds flowed through lenders in Denmark, Malta and other EU nations in recent years.

January 16 2019

Midweek Roundup: US Federal Reserve Shuns Fintechs, DEA Agent Suspected of Money Laundering, and More

U.K. regulator limits bribery investigation into Credit Suisse, Deutsche Bank investigates ties to Danske Bank scandal, and more, in the midweek roundup.

January 15 2019

Tribal Casino AML Often Burdened by Disconnect Between Surveillance, Compliance: Sources

By : Daniel Bethencourt

The organizational structure of many Native American casinos tend to inhibit customer due diligence, suspicious activity reporting and other anti-money laundering processes, sources told ACAMS moneylaundering.com.

From the Editor: The Return of the FISA Debate?

August 21 2018

Deja vu: the release of the FBI’s application for a warrant to spy on Carter Page, pictured on the left, has restarted the debate over the legitimacy of the FISA Court, once the subject of an ACAMS conference panel in 2009. (AP Images)

lock

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.
January 18 2019

HM Treasury Renews Terrorism, Terrorist Financing Sanctions Entry

HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the renewal of the final designation of one entity under the Terrorist Assets-Freezing etc. Act 2010.
January 18 2019

HMT Renews Terrorism, Terrorist Financing Sanctions Designation

January 18 2019

NCA Recovers £1.7 Million Associated with Drug Trafficking, Money Laundering

January 16 2019

NCA Announces New Director General of National Economic Crime Centre

January 16 2019
lock

Enforcement Actions

RBI Fines Bank of Maharashtra 10 Million Rupees for KYC Failures

The Reserve Bank of India issued a monetary penalty of 10 million rupees against the Pune, India-based bank for failure to comply with know-your-customer guidelines and fraud classification reporting requirements.
January 16 2019

UK Solicitors Regulation Authority Fines Individual for Violating Money Laundering Regulations

The Solicitors Disciplinary Tribunal issued a judgement ordering a partner at a London-based law firm to pay a £45,000 fine and £40,000 in costs for failing to comply with anti-money laundering regulations in connection to clients that he failed to identify as politically exposed persons.
January 4 2019

Hong Kong Monetary Authority Fines JPMorgan Chase Bank, Hong Kong Branch for AML/CTF Violations

December 28 2018

Finra Fines Morgan Stanley $10 Million for AML Deficiencies

December 26 2018

SEC: Polycom, Inc. Must Pay Over $16.3 Million to Resolve FCPA Violations

December 26 2018