The European Commission detailed regulatory violations by EU member states in its June infringement package, including that Bulgaria has not correctly transposed the Fifth Anti-Money Laundering Directive.
The U.S. Justice Department announced that Devonn Fair was sentenced to prison after pleading guilty to drug distribution and conspiracy to commit money laundering.
Weekly Roundup: German Prosecutor Drops FIU Investigation, US Removes Oligarch-Linked Yacht from Sanctions List, and More
France sees shift in STR filings, Brazil sentences former president, and more, in the weekly roundup.
France Welcomes Rise in Non-Financial Sectors STRs, Questions VASPs Flat Numbers
France’s financial intelligence unit applauded notaries, real estate professionals, casinos, and other non-financial professionals for strengthening their scrutiny of potential financial crime, while expressing concern that activity in the booming cryptocurrency sector was almost flat.
New Zealand’s Department of Internal Affairs issued a formal warning to Auckland, New Zealand-based real estate company for failing to meet its obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
The Financial Intelligence Analysis Unit of Malta issued a €279,756 fine against the Gzira, Malta-based financial institution for violations of the Prevention of Money Laundering and Funding of Terrorism Regulations related to ongoing transaction monitoring and customer risk assessments.
|Compliant : 1||High : 0|
|Largely Compliant : 9||Substantial : 0|
|Partially Compliant : 24||Moderate : 3|
|Non-Compliant : 6||Low : 8|
|Rank : 113/141|
|Score : 4.25/10|
|Rank : 48/180|
|Score : 55/100|
|Rank : 132/133|
|Score : 71/100|