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Mar

13

US House Panel Debates Beneficial Ownership Proposals

Rep. Carolyn Maloney (D-NY) addresses a crowd in New York City on Friday, June 16, 2017. At a congressional hearing in Washington, D.C. on Wednesday, March 13, 2019, Maloney and other lawmakers discussed plans to change how beneficial-ownership data is collected and kept. (Alamy)

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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.
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, 2019 and March 26, 2019.
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Enforcement Actions

The Reserve Bank of India issued a penalty of 10 lakh rupees against the Gujarat, India-based bank pursuant to the Banking Regulation Act for violation of its anti-money laundering and know-your-customer rules.
The Office of the Comptroller of the Currency issued a consent order against the Sioux Falls, SD-based financial institution requiring it to pay a $25 million civil money penalty for violations of the Fair Housing Act related to its Relationship Loan Pricing program.