St. LuciaThe U.S. Justice Department announced that Peter Sotis and Emilie Voissem were convicted by a federal jury of conspiracy to violate the International Emergency Economic Powers Act for participating in a scheme to export of rebreather diving equipment to Libya.
The Malta Gaming Authority published a series of amendments to the Gaming Authorisations and Compliance Directive 3 of 2018 and the Policy on the Eligibility and Ongoing Competency Criteria for Key Persons, including changes to the applicability of suspicious betting reporting requirements.
U.S. appeals court approves Halkbank prosecution, U.K. lawmakers criticize multiyear delay in AML case against NatWest, and more, in the weekly roundup.
Legal Brief: Impact of Whistleblowers, from Panama to Pandora
Editor’s Note: This month, the ACAMS moneylaundering.com legal team provides a brief overview of the momentum for AML reform created by whistleblowers, and the remaining hurdles they reveal.
Sweden Censures Danske Bank for Risk Assessment Failures
The Office of the Comptroller of the Currency entered into a consent order with Jackson, Mississippi-based financial institution, imposing a $4 million civil monetary penalty for violations of the Fair Housing Act.
The Office of the Comptroller of the Currency issued a consent order requiring the Seattle, Washington-based financial institution to pay a $2.5 million money penalty for failing to implement an adequate Bank Secrecy Act and anti-money laundering compliance program.
| 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 |