New ZealandThe U.S. filed an indictment in the Middle District of Georgia that charges Erica Montgomery, Sandra Anderson, Leo Frank Thomas, Yolanda Thomas, Dorothy Webb and Kristina Parker with allegedly participating in a scheme to defraud U.S. student loan programs of more than $12 million.
The British Virgin Islands issued the Lebanon (Sanctions) (Overseas Territories) Order 2020, which modifies the sanctions against Lebanon pursuant to the Sanctions and Anti-Money Laundering Act 2018.
Coronavirus Pandemic Fueling Suspicious Transactions in Canada
Canada’s financial intelligence unit received an average of 8,000 suspicious transaction reports, or STRs, per week from April to August of this year, marking a 25 percent jump over the same period in 2019, a senior official said Tuesday.
EU Takes Aim at ‘Golden Passport’ Programs
European authorities have launched proceedings against Cyprus and Malta following the latest revelations of criminal abuse of citizenship-by-investment programs in the EU’s two southernmost jurisdictions, and opened an inquiry into Bulgaria, which offers a similar scheme.
The Office of Foreign Assets Control of the U.S. Treasury Department and the Omaha, NE-based multinational conglomerate holding company entered into a settlement concerning the company’s potential civil liability for trade-related transactions and exports to Iran in violation of U.S. sanctions.
The Financial Crimes Enforcement Network assessed a $60 million civil money penalty against Larry Dean Harmon, the founder and primary operator of Helix and Coin Ninja, for violations of the Bank Secrecy Act and related implementing regulations.
| 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 |