TOP STORY

Sep

17

EU Lawmakers Plan New Committee on Financial Crime

German MEP Sven Giegold, speaks to Green Party delegates on Saturday, Nov. 10, 2018, in Leipzig, Germany. In an interview with ACAMS moneylaundering.com, Giegold said he and other European lawmakers want to create a more permanent panel to investigate financial crime. (Getty Images)

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Legs & Regs

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U.S. officials blacklisted the Central Bank of Iran, a sovereign wealth fund and a firm allegedly run by the country's Defense Ministry on Friday, a week after a drone attack on Saudi Arabian oil facilities erased millions of barrels from global energy supplies.
FBI subpoenas lenders for client data, former banker accuses several financial institutions of facilitating German tax fraud, and more, in the weekly roundup.
Legislation up for debate in Germany would prompt banks to review and possibly reconsider their correspondent ties with financial institutions in several EU nations, including Malta, Latvia and Cyprus, sources told ACAMS moneylaundering.com.

Legal Brief: US Financial Measures Against Homegrown Extremism

By : Leily Faridzadeh, moneylaundering.com legal writer

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Enforcement Actions

The Treasury Department's Office of Foreign Assets Control issued a $4 million civil penalty against the London, United Kingdom-based to resolve 72 apparent violations of the Sudanese Sanctions Regulations between Sept. 21, 2010 and Aug. 27, 2014.
Latvia's Financial and Capital Market Commission issued the fine against the Dnipro, Ukraine-based bank for violations of the anti-money laundering, counterterrorist financing and proliferation financing rules.