TOP STORY

Sep

19

Danske Bank Alleges Former Staff Knowingly Assisted Money Launderers

Danske Bank CEO Thomas Borgen discloses the Danish lender’s financial results in Copenhagen on Thursday, Feb. 6, 2014. Borgen resigned Wednesday, Sept. 19, 2018 after internal auditors recommended criminal investigations against eight former employees of Danske Bank Estonia. (Getty Images)

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MORE NEWS

September 25 2018

Danish FIU Will Notify Banks of Highly Suspicious Transactions

By : Koos Couvée

Denmark’s financial institutions would receive rapid feedback on the most suspicious transactions reported to the national financial intelligence unit, or FIU, under plans to address weaknesses that enabled the country’s largest money-laundering scandal to date.

September 25 2018

Counterterrorist Financing Improves in Saudi Arabia, AML Lags Behind: FATF

By : Daniel Bethencourt

Saudi Arabia’s efforts against terrorist financing have improved in recent years but officials still tend to conduct only a cursory analysis of suspicious transaction reports and rarely spot more-advanced attempts to launder illicit funds, an intergovernmental group concluded Monday.

September 21 2018

European Money Laundering Scandals Prompt US Compliance Reviews: Sources

By : Valentina Pasquali

U.S. financial institutions are reviewing their transatlantic banking relationships amid a wave of financial crime scandals and record compliance-related penalties in Europe, sources told ACAMS moneylaundering.com.

September 21 2018

Weekly Roundup: EU Nations Criticize Bloc-wide AML Supervision Plan, UK Officials Investigate Shell Firms Tied to Danske Bank, and More

Credit rating agency downgrades outlook for Danske Bank, U.S. officials block U.N. sanctions-evasion report, and more, in this week’s 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

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.
September 25 2018

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.
September 25 2018

OFAC Announces Changes Made to SDN List in 2018

September 25 2018

OFAC Adds Six Individuals, Three Entities to Venezuela Sanctions List

September 25 2018

US Treasury Sanctions Venezuelan President’s Inner Circle, Proceeds of Corruption Network

September 25 2018
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Enforcement Actions

SEC Orders Former CEO of Sociedad Química y Minera de Chile, S.A. to Pay $125,000 for FCPA Violations

The U.S. Securities and Exchange Commission issued a cease and desist order requiring Patricio Contesse González, the former CEO of a Chilean-based chemical and mining company, to pay $125,000 to resolve Foreign Corrupt Practices Act violations.
September 25 2018

RBI Fines The Tadpatri Co-operative Town Bank Ltd. for KYC Failures

The Reserve Bank of India issued a monetary penalty of one lakh rupee against the Andhra Pradesh, India-based bank for its violation of know-your-customer requirements.
September 25 2018

Germany Orders Deutsche Bank AG to Improve AML Controls

September 24 2018

Switzerland Enters Into Enforcement Proceedings with Credit Suisse for AML Deficiencies

September 17 2018

OFAC: Episilon Electronics Inc. to Pay $1.5 Million for Alleged Violations of Iran Sanctions Regulations

September 13 2018