The Financial Action Task Force on Money Laundering in South America highlighted improvements in Bolivia’s anti-money laundering regime, which removed the nation from the Financial Action Task Force’s Public Statement list of jurisdictions.
The government of Bolivia approved Law No. 262, which establishes freezing mechanisms for funds and other assets tied to acts of terrorism or terrorist financing. It also creates and establishes the National Council Against the Legalization of Illicit Funds and Terrorist Financing.
Justice Department warns pandemic may slow corporate investigations, Chinese national accused of fraudulent COVID-19 loan applications, and more, in the weekly roundup.
Bermuda law firm suspected of enabling tax evasion, Qatar to stop terrorist financing through money remitters, and more, in the midweek roundup.
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