St. LuciaThe 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.
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.
| Technical | Effectiveness |
|---|---|
| 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 |