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Enforcement Actions
The National Bank of Georgia announced enforcement actions undertaken in January 2025 against four Tbilisi, Georgia-based institutions for failure to comply with their regulatory obligations, including anti-money laundering, counterterrorist financing, and know your customer obligations.
January 21, 2025
The U.S. Justice Department entered into a non-prosecution agreement with the New York, NY-based currency transportation company that requires it to forfeit $50,391,143.22 to settle criminal charges that it operated as an unlicensed money transmitting business in violation of the Bank Secrecy Act.
February 6, 2025
Legs & Regs
Europol Quantum Safe Financial Forum Urges Financial Institutions to Combat Emerging Threats
The EU Agency for Law Enforcement Cooperation’s Quantum Safe Financial Forum issued a call to action during an event on Feb. 7, 2025, which urges financial institutions and policymakers to prioritize to transition a quantum-safe cryptography to protect the financial system.
February 7, 2025
CFTC Announces Plans to Launch Digital Asset Markets Pilot
The Commodity Futures Trading Commission announced plans to host a forum of CEOs from crypto-industry firms to discuss the launch of a digital asset markets pilot program for tokenized non-cash collateral such as stablecoins.
February 7, 2025
FDIC Acting Chairman Urges FinCEN to Modernize Customer Identification Rules
Travis Hill, the Acting Chairman of the Federal Deposit Insurance Corporation, penned a letter to the director of the Financial Crimes Enforcement Network to request accelerated updates to Customer Identification Program requirements.
February 7, 2025
OFAC Adds 18 Entries to SDN List, Retires RSS Feed
The Office of Foreign Assets Control of the U.S. Treasury Department issued a notice concerning the addition of six individuals, nine entities, and three vessels to the Specially Designated Nationals List with respect to Iran and counter terrorism issues.
February 6, 2025
January 27, 2025
In this episode of Financial Crime Matters, Michael Bruno, an AML manager at the U.S. Postal Inspection Service, and Kieran Beer, editor in chief of ACAMS moneylaundering.com, discuss efforts to combat check fraud and money laundering.
February 3, 2025
In the latest episode of the Sanctions Space Podcast, Justine is joined by Elaine K. Dezenski, senior director and head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies. They discuss predictions for U.S. sanctions in 2025 under the new administration, including how sanctions may be positioned within a broader set of economic tools and economic statecraft, how global alliances may evolve, as well as how the U.S. and its partners can combat transnational kleptocracy.
DATE: 04/28/25 - 04/30/25
LOCATION: Diplomat Resort & Spa,
3555 South Ocean Drive
Hollywood, FL 33019 United States
Hollywood, FL 33019 United States
More News
OFAC targets Iran, FinCEN tags Brink's, and more, in the weekly roundup.
February 7, 2025
FinCEN Finalizes Rare Penalty Against Armored Car Company
By Chelsea Carrick
Brink's must pay and forfeit more than $87 million after moving hundreds of millions of dollars from Mexico to the U.S. for unknown, unvetted parties.
February 7, 2025
French Senate Weaponizes AML Against Drug Traffickers
By Gabriel Vedrenne
A 102-page bill aimed at "getting France out of the narco-trafficking trap" has unanimously passed the country's Senate, with several AML provisions in tow.
February 7, 2025
Breaking February 6, 2025: 2:16 pm ET
Criminal adoption of new technologies and widespread sanctions evasion are keeping compliance officers up at night, research by ACAMS shows.
February 6, 2025
Enforcement Actions
The National Bank of Georgia announced enforcement actions undertaken in January 2025 against four Tbilisi, Georgia-based institutions for failure to comply with their regulatory obligations, including anti-money laundering, counterterrorist financing, and know your customer obligations.
January 21, 2025
The U.S. Justice Department entered into a non-prosecution agreement with the New York, NY-based currency transportation company that requires it to forfeit $50,391,143.22 to settle criminal charges that it operated as an unlicensed money transmitting business in violation of the Bank Secrecy Act.
February 6, 2025