TOP STORY

Aug

10

US Financial Institutions Filing More SARs on Cryptocurrency Transactions

FinCEN Director Ken Blanco delivers remarks on Monday, April 16, 2018, at the ACAMS moneylaundering.com AML & Financial Crime Conference in Hollywood, Florida.

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ADDITIONAL STORIES

August 14 2018

US Export Controls Leave Compliance Officers Guessing: Sources

By : Daniel Bethencourt

Financial institutions are struggling to detect transactions tied to potentially illicit shipments of sensitive U.S. technology, sources told ACAMS moneylaundering.com.

August 14 2018

Fewer Casinos Sharing Suspicious Client Data Despite Safe Harbor

By : Valentina Pasquali

The number of U.S. casinos exchanging tips on suspected money launderers or terrorist financiers with each other has declined since last year, the head of the Treasury Department’s Financial Crimes Enforcement Network said Tuesday.

August 13 2018

Swiss Bank Warned Staff Against Helping US Investigation: Prosecutors

By : Valentina Pasquali

A Swiss lender’s decision to pressure two of its employees into withholding cooperation from the U.S. Justice Department may have cost it millions of dollars in additional penalties.

August 10 2018

5AMLD Relies on Banks to Vet Golden Visa Applicants, But to What Extent?

By : Koos Couvée

A largely overlooked provision in the European Union’s latest batch of anti-money laundering standards may place a new burden on compliance officers, say analysts.

From the Editor: Regulatory Oversight Can Save Cryptocurrency from the ‘Dark Side’

March 9 2018

Cryptocurrencies and the blockchain protocol have promised to provide inexpensive, secure and transparent ways to move funds. But they presently carry more problems and negative news than promise.

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Legs & Regs

OFAC Publishes Updated Consolidated Sanctions List

The Office of Foreign Assets Control of the U.S. Treasury Department released updated Consolidated Sanctions List Data Files, which includes list files that are not part of its Specially Designated Nationals and Blocked Persons List. The list was updated as of Aug. 15, 2018.
August 15 2018

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.
August 15 2018

Australian Regulator Publishes Latest Edition of Consolidated Sanctions List

August 15 2018

OFAC Publishes Latest Edition of SDN List

August 15 2018

OFAC Announces Changes Made to SDN List in 2018

August 15 2018
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Enforcement Actions

DOJ: Royal Bank of Scotland Agrees to Pay $4.9 Billion Settlement to Resolve Charges Connected to Misleading Investors

The U.S. Justice Department entered into a settlement agreement with the Edinburgh, UK-based financial institution in which the bank agreed to pay $4.9 billion to resolve claims that it misled investors in the underwriting and issuing of residential mortgage-backed securities between 2005 and 2008.
August 14 2018

DOJ: Zürcher Kantonalbank to Pay $98.5 Million for Helping US Citizens Evade Taxes

The U.S. Justice Department entered into a deferred prosecution agreement with the Zurich, Switzerland-based bank requiring it to pay a penalty, restitution and forfeiture for helping certain U.S. taxpayers evade their U.S. tax obligations from approximately 2002 through in or about 2009.
August 13 2018

Fed: Citigroup Inc. Fined $8.6 Million for Residential Mortgage-Related Violations

August 10 2018

Finra Fines Seven Points Capital LLC $40,000 for AML Failures

August 3 2018

DOJ: Wells Fargo Agrees to Pay $2.09 Billion Civil Penalty for Misrepresenting Quality of Residential Mortgage Loans

August 1 2018