TOP STORY

May

23

Influx of Potentially High-Risk Clients, Cash to Follow US Legalization of Sports Bets

New Jersey Gov. Chris Christie, left, talks to reporters at the Supreme Court in this Dec. 4, 2017 photo. The court’s decision to end a 1992 ban against sports betting will impact casinos and banks, sources told ACAMS moneylaundering.com. (AP Photo/Jacquelyn Martin, File)

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ADDITIONAL STORIES

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The Office of Foreign Assets Control of the U.S. Treasury Department published two new frequently asked questions in relation to the sanctions measures concerning Ukraine and Russia. 
The Council of the European Union announced that the Bahamas and Saint Kitts and Nevis have been removed from the European Union’s list of non-cooperative jurisdictions for tax purposes in light of new commitments made by the countries to reform their tax policies.
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Enforcement Actions

The Financial Industry Regulatory Authority issued a monetary penalty against the Miami, FL-based firm for its failure to establish and implement an adequate supervisory system, including an anti-money laundering program.
The U.S. Justice Department announced that a Southern District of California judge sentenced the Roseville, CA-based subsidiary of Netherlands-based Coöperatieve Rabobank U.A. to pay a fine of $500,00 and forfeit $368,701,359 for anti-money laundering violations.