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 14 2018

Humanitarian Groups, Other Nonprofits Still Hobbled by Diminished Banking Services

By : Valentina Pasquali

Rightly or wrongly, the perception that charitable organizations pose unmanageable compliance problems persists within the global banking industry despite mounting efforts to keep the vital nonprofit sector plugged-in to the global financial system.

December 14 2018

Weekly Roundup: Democrats Push for Deutsche Bank Investigation, US Prosecutors Scrutinize Trump Inauguration Funds, and More

Iranian hackers targeted U.S. Treasury officials’ email accounts, Venezuelan bribes flowed through HSBC, and more, in this week’s roundup.

December 14 2018

Foreign Fighters Place First Among Canada’s Terrorist-Financing Risks

By : Daniel Bethencourt

Dozens of extremist fighters have returned to Canada from conflict zones as of 2017, and the country’s financial institutions should consider pinpointing and tracking funds tied to their arrival as well as new departures, according to Canada’s financial intelligence unit.

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.

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

Gibraltar Fines Wave Crest Holdings Limited, Company Executives £250,000 for AML Violations

The Gibraltar Financial Services Commission entered into a regulatory settlement with the Gibraltar-based company and Brent Almeida, John Racine and Colin Piri for deficiencies in its anti-money laundering program that occurred from Jan. 1, 2017 to May 2018.
December 10 2018

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

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