TOP STORY

Jan

8

Globovision Owner Blacklisted for Illicit Currency Exchange and Laundering Scheme

Former Venezuelan treasury chief Claudia Diaz exits court in Madrid, Spain on Monday, Sept. 24, 2018. U.S. officials blacklisted Diaz on Tuesday, Jan. 8, 2019, alongside several other Venezuelan individuals and entities accused of bribery, corruption and money laundering.

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MORE NEWS

January 14 2019

UK Officials Launch New Task Force Against Economic Crime

By : Koos Couvée

Executives from Barclays, Lloyds Bank and Banco Santander on Monday joined a new government task force for clamping down on a range of financial crimes in the United Kingdom.

January 11 2019

Weekly Roundup: Danske Bank Sued by US Shareholders, German Authorities Identify Deutsche Bank Clients, and More

Philippine banker sentenced to prison, U.K. regulators investigate complaints at Royal Bank of Canada, and more, in this week’s roundup.

January 11 2019

Largest Dutch Banks Plan Shared KYC Database

By : Koos Couvée

The three largest banks in the Netherlands will soon launch a pilot platform for sharing customer due-diligence data with each other in efforts to streamline know-your-customer processes involving corporate clients.

January 10 2019

EU Lawmakers Approve, Strengthen Push for AML Reform

By : Koos Couvée

A panel of European lawmakers approved plans Thursday to reform financial supervision in the European Union, including by giving the European Banking Authority, or EBA, more independence to compel enforcement of anti-money laundering rules at the national level.

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

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 15 2019

HM Treasury Removes Three Entities from Iraq Sanctions List

HM Treasury's Office of Financial Sanctions Implementation issued a notice concerning the removal of three entities from the consolidated list following amendments to Council Implementing Regulation (EC) 1210/2003, which imposes sanctions against Iraq.
January 15 2019

SEC Charges Nine Individuals for Illegal Trading Using Nonpublic Information Derived from EDGAR Hacking Scheme

January 15 2019

DOJ: Two Ukrainian Nationals Charged for Roles in Hacking, Securities Fraud Scheme

January 15 2019

UK Home Secretary, Chancellor to Jointly Chair New Economic Crime Strategic Board

January 14 2019
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Enforcement Actions

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

The Hong Kong Monetary Authority has ordered JPMorgan Chase Bank, National Association, Hong Kong Branch to pay a pecuniary penalty of HK$12,500,000 for violating anti-money laundering and counterterrorist financing regulations.
December 28 2018

Finra Fines Morgan Stanley $10 Million for AML Deficiencies

The Purchase, New York-based firm Morgan Stanley Smith Barney LLC is required to hand over $10 million to the Financial Industry Regulatory Authority (Finra) for deficiencies in its anti-money laundering program (AML) that occurred from January 2011 until around April 2016. According to Finra, Morga
December 26 2018

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

December 26 2018

Fed, Texas Financial Regulator Require Commercial State Bank to Increase Oversight of AML/BSA Program

December 26 2018

Latvia’s FCMC Imposes Over €1.2 Million Fine on JSC BlueOrange Bank for AML Deficiencies

December 21 2018