BelgiumThe Joint Money Laundering Steering Group released proposed revisions to Part I of its Guidance to reflect reporting amendments introduced by the Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022.
The Brunei Darussalam Central Bank and Dubai Financial Services Authority issued a joint statement highlighting their entry into a memorandum of understanding to enhance regulatory supervision.
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Swiss bank ignored red flags, Steve Bannon’s trial scheduled, and more, in the weekly roundup.
Legal Brief: Australia Cracks Down on Gambling Sector’s AML Weaknesses
The ACAMS moneylaundering.com legal team explores Australia’s efforts to improve anti-money laundering compliance at casinos and other gaming companies
The New York State Department of Financial Services issued a consent order against the Evansville, IN-based company that specializes in nonprime lending that requires it to pay a $4.25 million civil monetary penalty for cybersecurity control failures.
The Financial Industry Regulatory Authority imposed a fine of $25,000 against the Lakewood, Colorado-based investment advisor for violating the regulator’s rules concerning Bank Secrecy Act compliance.
| 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 |