New ZealandU.S. Secretary of State Michael R. Pompeo issued a press statement outlining new sanctions targeting seven entities and two individuals for their connections to the Islamic Republic of Iran Shipping Lines.
U.S. Secretary of State Michael Pompeo announced designations under Executive Order 13949, which targets those who seek to abet Iran in supporting armed groups in the region with weapons and arms materiel.
Weekly Roundup: FinCEN Fines Capital One, US Far-right Accepted Foreign Cryptocurrency, and More
Federal lawmaker wants beneficial owners behind Capitol riot identified, senior Commerzbank executive claims Wirecard fraudulently obtained loans, and more, in the weekly roundup.
Legal Brief: US Banks, Officials Plagued with Cyberattacks
In the first installment of our series for 2021, the ACAMS moneylaundering.com legal team reviews the growing number of online attacks on U.S. and global financial institutions and how governments and cybersecurity professionals have responded.
FinCEN Doubles Down on Cryptocurrency Proposal
Belgian Officials Raise Alert Over General Partnerships
The Financial Crimes Enforcement Network penalized the McLean, VA-based entity a total of $390,000,000, which will be satisfied with a payment of $290,000,000 due to a previous related penalty, for failing to implement and maintain an adequate anti-money laundering program.
Luxembourg’s Commission de Surveillance du Secteur Financier issued a €150,000 penalty against the Luxembourg-based financial firm for failing to address anti-money laundering and counterterrorist financing deficiencies related to internal governance and risk management.
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : |
| Largely Compliant : 17 | Substantial : |
| Partially Compliant : 6 | Moderate : |
| Non-Compliant : 18 | Low : |
| Rank : 135/141 |
| Score : 3.24/10 |
| Rank : 1/180 |
| Score : 87/100 |
| Rank : 57/133 |
| Score : 59/100 |