BelgiumDenis Beau, the Deputy Governor of the Bank of France, addressed scholars and researchers at a bank branch, and discussed the transformative effects of digitalization on payment systems.
The Anti-Money Laundering Law of the People’s Republic of China (Draft Revision) was released for a new round of consultation.
US Cryptocurrency Cases Expose Divide Between FinCEN, Justice Department
A pair of federal indictments against cryptocurrency executives in Manhattan that appear to define the act of “mixing” cryptocurrency as a form of money transmission could be read to outlaw routine blockchain functions, critics of the cases told ACAMS moneylaundering.com.
Whistleblower draws attention to U.S. fintechs, U.K. authorities will auction seized artwork, and more, in the weekly roundup.
SAR Surge Inundates Switzerland’s FIU
The Financial Transactions and Reports Analysis Centre of Canada penalized the Toronto, ON-based bank for failure to comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and related regulations.
The Federal Trade Commission announced a settlement agreement with the Waltham, MA-based financial services company and its London-based payment services affiliate to resolve allegations of credit card laundering and fraud.
| Technical | Effectiveness |
|---|---|
| Compliant : 21 | High : 0 |
| Largely Compliant : 16 | Substantial : 4 |
| Partially Compliant : 3 | Moderate : 7 |
| Non-Compliant : 0 | Low : 0 |
Belgium's technical compliance was re-rated in a Sept. 3, 2018 follow-up report
| Rank : 16/110 |
| Score : 3.94/10 |
| Rank : 15/179 |
| Score : 76/100 |
| Rank : 50/133 |
| Score : 45/100 |