TOP STORY

Jul

16

US Lawmakers Enlist Witnesses, FATF in Campaign Against WMD Funding

Rep. Steve Pearce (R-NM) is pictured after leaving the White House on Thursday, June 7, 2018. The lawmaker recently asked congressional witnesses to recommend measures that would prevent the financing of weapons of mass destruction through U.S. financial institutions. (AP Images)

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ADDITIONAL STORIES

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Australia's Department of Foreign Affairs and Trade updated its Consolidated List that includes all persons and entities subject to financial sanctions under the Charter of the United Nations Act 1945 and the Autonomous Sanctions Act 2011.
The Financial Action Task Force (FATF) released a list of published national risk assessments and regional risk assessments that present countries' understanding of the money laundering and terrorist financing risks and the effectiveness of measures designed to combat these risks.
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Enforcement Actions

The U.S. Securities and Exchange Commission issued a cease and desist order against the Zürich, Switzerland-based financial institution for violations of the Foreign Corrupt Practices Act in connection investment banking business misconduct in the Asia-Pacific region.
The U.S. Securities and Exchange Commission imposed a cease and desist order against the Chicago, IL-based firm for violations of the Foreign Corrupt Practices Act in connection with the misconduct of an India-based subsidiary that made improper payments to various government officials.