St. LuciaThe Bank for International Settlements’ Innovation Hub published its work program for the 2021-22 fiscal year, highlighting central bank digital currencies, cybersecurity, and other areas of focus.
The United Kingdom’s Prudential Regulation Authority published Policy Statement 1/21 to make minor consequential amendments to the Notification Form and other updates to Senior Managers and Certification Regime Form L.
USPS filed incomplete SARs, former Latvian AML regulators criticize their country’s AML enforcement, and more, in the weekly roundup.
Julius Baer Executives Punished for FIFA, PDVSA Violations
Swiss regulators on Thursday reprimanded four ex-senior managers of Julius Baer for allowing hundreds of millions of dollars in suspicious funds from South America to flow into the private bank over several years, including bribes tied to FIFA, world soccer’s primary governing agency.
Biden’s Freeze on New Regulations Impacts Several AML Proposals
Luxembourg’s Commission de Surveillance du Secteur Financier issued a €45,000 fine against the Grevenmacher, Luxembourg-based investment fund manager after an on-site inspection identified isolated anti-money laundering and counterterrorist financing compliance failures.
The U.S. Justice Department entered into a deferred prosecution agreement with the Indonesia-based global supplier of cigarette paper products to resolve charges that the company conspired to commit bank fraud in connection with the shipment of products to North Korean customers.
| Technical | Effectiveness |
|---|---|
| Compliant : 0 | High : |
| Largely Compliant : 3 | Substantial : |
| Partially Compliant : 14 | Moderate : |
| Non-Compliant : 31 | Low : |
| Not-Applicable : 1 |
| Rank : 113/141 |
| Score : 4.25/10 |
| Rank : 48/180 |
| Score : 55/100 |
| Rank : 132/133 |
| Score : 71/100 |