TOP STORY

Nov

Massachusetts Targets 10 Percenting Lottery Schemes

Federal prosecutors in Massachusetts recently filed money laundering charges against suspects accused of running “10 percenting” lottery schemes. (Getty Images)

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.

December 2, 2021

OFAC Announces Changes Made to SDN List in 2021

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, 2021 and Dec. 2, 2021.

December 2, 2021

HM Treasury Adds Eight Individuals, One Entity to Belarus Sanctions List

HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of eight individuals and one entity to its consolidated list pursuant to the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019.

December 2, 2021

OFAC Adds 20 Individuals, 12 Entities to Belarus Sanctions List

The Office of Foreign Assets Control of the U.S. Treasury Department issued a notice concerning the addition of 20 individuals, 12 entities and three aircraft to the Specially Designated Nationals List with respect to the situation in Belarus.

December 2, 2021

Financial Crime Matters: Former US Treasury Official Discusses Taliban’s Return to Power

November 9, 2021

In this episode of Financial Crime Matters, Kieran Beer of ACAMS moneylaundering.com and Alex Zerden, former Treasury attache at the U.S. Embassy in Kabul, talk about Afghanistan’s current humanitarian crisis and the Taliban’s rise to power.

ACAMS Virtual Caribbean

DATE: 12/7/21 - 12/8/21

LOCATION: Virtual, Online

View Events Calendar

The Wolfsberg Group in a June 2021 statement advised financial institutions to focus on the following areas to increase the effectiveness of their AML/CFT programs:

A. Assess and understand anti-money laundering and counterterrorist financing risks.
B. Prioritize resources.
C. Engage with law enforcement.
D. All of the above.

View all quizzes

More News

Germany’s Incoming Government Wants Local Police in Federal FIU

By : Koos Couvée

Germany's new government wants to install local authorities within the federal financial intelligence unit amid an unprecedented criminal investigation into alleged failures by the agency to pass on intelligence to police in the northwestern state of Lower Saxony.

December 1, 2021

Swiss Officials Clear on Financial Crime Risks, Blocked from Addressing Them

By : Gabriel Vedrenne

After a global evaluation knocked Switzerland for not fully grasping its unique vulnerabilities to financial crime, the Swiss government has made strides towards identifying the threats but their newfound awareness has yet to translate into stronger laws and regulations.

December 1, 2021

Midweek Roundup: Societe Generale Exits US Settlement, Japanese Bank Execs to Resign, and More

French lender moved millions in stolen Congolese funds, Swiss prosecutors summon Credit Suisse senior manager, and more, in the midweek roundup.

December 1, 2021

Weekly Roundup: US Regulators Preview 2022 Cryptocurrency Guidance, OCC Reminds Banks to Comply with Crypto-related Rules, and More

November 24, 2021

Cryptocurrency Laundering Grows in Sophistication, Expands Beyond Dark Web

By : Daniel Bethencourt

November 23, 2021

NICE Actimize. Focus on the Truly Suspicious - Put High-Risk Alerts First. Get the infographic” style=

Enforcement Actions

RBI Fines Union Bank of India for Noncompliance with Measures to Flag Suspicious Account

The Reserve Bank of India imposed a monetary penalty of ₹1 Crore (Rupees One Crore) on the Mumbai, India-based bank for non-compliance with directions relating to its fraud detection capabilities.

November 29, 2021

Luxembourg CSSF Reprimands Reyl Prime Solutions S.A. for AML/CTF Weaknesses

The Commission de Surveillance du Secteur Financier of Luxembourg imposed a reprimand on the Luxembourg-based financial institution after an on-site inspection identified anti-money laundering and counterterrorist financing weaknesses.

November 24, 2021