VenezuelaThe Justice Department announced that an indictment was unsealed accusing U.S. Congressman Enrique Roberto Cuellar and his wife, Imelda Cuellar of involvement in bribery and money laundering schemes.
The European Banking Authority announced that supervisors across the EU may now report names of individuals to EuReCA, the EU central database on anti-money laundering and counterterrorist financing, which will make supervision more informed, targeted, and effective.
Whistleblower draws attention to U.S. fintechs, U.K. authorities will auction seized artwork, and more, in the weekly roundup.
Netherlands Shelves AML Reforms After EU Adopts Single Rulebook
Officials in the Netherlands have hit pause on sweeping anti-money laundering reforms first proposed five years ago after the EU adopted a regulation that will harmonize the application of AML rules across the bloc from 2027 onwards.
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 : 6 | High : |
| Largely Compliant : 12 | Substantial : |
| Partially Compliant : 17 | Moderate : |
| Non-Compliant : 14 | Low : |
| Rank : 20/141 |
| Score : 6.56/10 |
| Rank : 173/180 |
| Score : 16/100 |
| Rank : 61/133 |
| Score : 69/100 |