TOP STORY

Jul

20

EU Publishes Highly Anticipated AML Plan, New AML Directive

European financial stability chief Mairead McGuinness, pictured speaking in Brussels on Wednesday, April 21, 2021, told reporters on Tuesday, July 20, 2021, that the EU’s AML plan “is a response to very, very prominent cases of money laundering.” (Getty Images)

lock

Legs & Regs

lock

Enforcement Actions

The Office of Foreign Assets Control of the U.S. Treasury Department entered into an agreement with the New York, NY-based online money transmitter and provider of prepaid access requiring it to remit $1,400,301.40 for potential civil liability for apparent violations of multiple sanctions programs.
The Malta Financial Intelligence Analysis Unit issued an administrative measure imposing a €26,500 fine on an unnamed real estate company after a 2020 compliance review found the company in breach of the Prevention of Money Laundering and Funding of Terrorism Regulations.