Congress Opens Campaign Against Domestic Terrorist Financing

Rep. Emanuel Cleaver (D-MO)., speaks at the Democratic National Convention in Philadelphia on Thursday, July 28, 2016. On Wednesday, Jan. 15, 2020, Cleaver chaired a congressional hearing on violent domestic extremists and their sources of funds. (CQ Roll Call)


Legs & Regs

In this episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS, interviews Maureen Maloney, a professor of Public Policy at Simon Fraser University. They discuss her work investigating money laundering in British Columbia’s real estate sector.
ING loses enforcement-action appeal, PayPal to cooperate with anti-trafficking group, and more, in the weekly roundup.

Legal Brief: US Officials Target Corruption in Latin America

By : Laura Cruz, legal editor

In the 10th installment of our series, the legal team covers U.S. efforts against corruption in Latin America.

Enforcement Actions

The Federal Trade Commission entered into a stipulated order with the Riga, Latvia-based financial institution and its former CEO Mark Moskvins requiring them to pay a $3.5 million judgment, refrain from engaging in credit card laundering and properly screen prospective high risk clients.
The U.S. Justice Department issued an addendum to a Jan. 6, 2016 non-prosecution agreement with the Geneva, Switzerland-based financial institution that requires the bank to pay an additional $14 million for failing to originally disclose all U.S.-related accounts under the Swiss Bank Program.