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Feb

Domestic Terrorist Financing in Congressional Spotlight After US Capitol Riot

Supporters of former President Donald Trump gather before the U.S. Capitol in Washington, D.C., on Wednesday, Jan. 6, 2021.The deadly insurrection that followed has prompted legislation targeting the finances of domestic terrorists. (Getty Images)

Legs & Regs

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.

March 3, 2021

OFAC Announces Changes Made to SDN List in 2021

The Office of Foreign Assets Control (OFAC) released a cumulative list of changes made to the list of Specially Designated Nationals (SDN) and Blocked Persons between Jan. 1, 2021 and March 3, 2021.

March 3, 2021

OFAC Adds One Entry to Kingpin Act Sanctions List

The Office of Foreign Assets Control of the U.S. Treasury Department notified financial institutions regarding the addition of one individual to the Specially Designated Nationals List with respect to the Kingpin Act.

March 3, 2021

US Treasury Sanctions High-Level Cartel Facilitator

The U.S. Treasury Department announced that the Office of Foreign Assets Control designated Mexican national Juan Manuel Abouzaid El Bayeh as a Specially Designated Narcotics Trafficker pursuant to the Foreign Narcotics Kingpin Designation Act.

March 3, 2021

Financial Crime Matters: Estonian AML Chief Shares AML/CFT Best Practices

February 18, 2021

In this episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com, and Matis Maeker, head of AML at Estonia’s Financial Supervisory Authority, discuss preventing money laundering and terrorist financing, and the methods to combat those crimes.

ACAMS Virtual Hollywood

DATE: 04/13/21 - 04/15/21

LOCATION:

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According to the Financial Crimes Enforcement Network, financial institutions reporting suspected criminal activity related to COVID-19 vaccines and their distribution should:

A. Reference "FIN-2020-NTC4" in field 2 of their suspicious activity reports (SARs).
B. Select SAR field 34(z) (Fraud - other) as the associated suspicious activity type.
C. Provide details about the reported activity in the narrative portion of the suspicious activity reports.
D. All of the above.

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More News

Britain Preparing Human Rights Sanctions Against Corrupt Leaders

By : Koos Couvée

Britain "stands ready" to impose sanctions in tandem with the European Union and other allies and is working to expand trade and financial restrictions against human rights abusers to also target corrupt officials around the world, a U.K. minister said Wednesday.

March 3, 2021

Dutch Bank’s AML Violations Trigger Another Penalty, This Time in France

By : Gabriel Vedrenne

French regulators have fined ING's local subsidiary €3 million after finding that the Amsterdam-headquartered lender's entire system for complying with anti-money laundering rules, including its process for vetting online customers, fell short of expectations.

March 3, 2021

Midweek Roundup: France Fines ING, FinCEN Seeks Budget Increase, and More

White House pledges to protect humanitarian aid, Wells Fargo processes first U.S.-bound wire from Sudan since country's removal from terrorism list, and more, in the midweek roundup.

March 3, 2021

White House Pledges Targeted, Multilateral Sanctions Approach

By : Valentina Pasquali

March 2, 2021

In Rare Case, German Authorities Accuse Neo-Nazis of Financial Crime

By : Gabriel Vedrenne

March 2, 2021

Enforcement Actions

New Zealand Department of Internal Affairs Issues Warning Against Property Brokers Limited for AML/CTF Failures

The New Zealand Department of Internal Affairs issued a formal warning against the Palmerston North, New Zealand-based real estate agency for its failure to meet anti-money laundering and counterterrorist financing obligations.

March 1, 2021

OFAC: Bitpay, Inc. to Pay $507,373 to Settle Apparent Violations of Multiple Sanctions Programs

The Office of Foreign Assets Control of the U.S. Treasury Department settled with the Atlanta, GA-based digital currency payment service provider for potential civil liability for 2,102 apparent violations of multiple U.S. sanctions programs.

February 18, 2021