TOP STORY

Dec

11

In Global Evaluation, Israel Receives High Marks from FATF

Pedestrians cross a rain-slicked Jaffra Road in Jerusalem on Monday, Nov. 30, 2015. An intergovernmental group gave Israel high marks in a report on the country’s efforts against financial crime published Monday, Dec. 10, 2018. (Alamy)

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MORE NEWS

December 12 2018

Midweek Roundup: Huawei Concealed Iran Business, Germany Investigates Former Deutsche Bank Compliance Officer, and More

Trump defends hush money transactions, U.K. breaks pledge to suspend investor visa program, and more, in the midweek roundup.

December 11 2018

More Banks Trial Machine Learning, But Remain Wary of US Regulators

By : Daniel Bethencourt

Global lenders running machine-learning programs alongside their current, more traditional transaction-filtering systems have garnered cautious praise from U.S. regulators, but numerous obstacles toward full implementation remain, sources told ACAMS moneylaundering.com.

December 7 2018

Weekly Roundup: HSBC Monitor Flagged Huawei Transactions, Deutsche Bank Cleared More Danske Bank Funds, and More

Goldman Sachs should prepare for hefty 1MDB fines, Mexico’s FIU goes after U.S.-blacklisted drug traffickers, and more, in this week’s roundup.

December 7 2018

FATF Dilutes Criticism of UK Anti-Money Laundering Efforts in Final Report

By : Koos Couvée

The London skyline pictured on the evening of Oct. 26, 2017. On Friday, Dec. 7, 2018, FATF published a final report on U.K. controls against money launderers and terrorist financiers without several negative findings listed in a draft version of the document. (iStock)

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)

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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.
December 14 2018

OFAC Announces Changes Made to SDN List in 2018

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, 2018 and Dec. 14, 2018.
December 14 2018

OFAC Adds Three Individuals, Six Entities to South Sudan Sanctions List

December 14 2018

US Treasury Sanctions Three Individuals for Roles in South Sudan Conflict

December 14 2018

OSCE Supports AML/CTF Workshop in Uzbekistan

December 14 2018
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Enforcement Actions

OFAC Fines Yantai Jereh Oilfield Services Group Co. Ltd. $2,774,972 for Apparent Sanctions Violations

The Office of Foreign Assets Control issued the $2,774,972 penalty against the Yantai, China-based company and its affiliated companies and subsidiaries worldwide to settle potential civil liability for 11 apparent violations of the Iranian Transactions and Sanctions Regulations.
December 12 2018

RBI Issues Penalty Against Dr Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. for KYC Failures

The Reserve Bank of India imposed a monetary penalty of one lakh 80,000 rupees against the Maharashtra, India-based bank for violations of the Banking Regulation Act, 1949, with respect to non-compliance of know-your-customer guidelines.
December 4 2018

UK Gambling Commission Fines Casumo Services Limited £5,850,000 for AML Breaches

November 29 2018

UK Gambling Commission: Videoslots Limited to Pay £1 Million to Settle AML Compliance Failures

November 29 2018

RBI Fines The Uravakonda Co-operative Town Bank Ltd. for KYC Failures

November 27 2018