United Arab EmiratesThe U.S. Justice Department unsealed a 21-count superseding indictment filed in the Eastern District of New York that charges 36 alleged members of a New York City-based street gang with conspiring to distribute drugs, firearms trafficking and money laundering, among other crimes.
The U.S. Attorney’s Office for the Eastern District of Wisconsin filed an indictment accusing five defendants of participating in a scheme to file fraudulent loan applications seeking more than $1.1 million in forgivable Paycheck Protection Program loans.
FATF Wants Nations, Banks to Assess Exposure to WMD Finances
An intergovernmental group on Friday formally tasked nations with assessing their exposure to the finances behind weapons of mass destruction, and voted to keep Pakistan under enhanced monitoring after the country stopped short of fully reforming its rules against financial crime.
FinCEN proposes lowering travel rule threshold, UAE suspends 200 law firms over AML breaches, and more, in the weekly roundup.
The Securities and Futures Commission issued a disciplinary action against the Hong Kong-based subsidiary of The Goldman Sachs Group, Inc., requiring it to pay a $350 million fine for serious supervisory, risk, compliance and anti-money laundering controls deficiencies.
The Monetary Authority of Singapore announced that Goldman Sachs Singapore Pte, the Singapore-based entity of Goldman Sachs Group Inc. will pay a $122 million fine and $61 million in disgorgement to settle its involvement in the 1MDB scandal.
| Technical | Effectiveness |
|---|---|
| Compliant : 5 | High : |
| Largely Compliant : 15 | Substantial : |
| Partially Compliant : 18 | Moderate : |
| Non-Compliant : 11 | Low : |
| Rank : 52/125 |
| Score : 5.6/10 |
| Rank : 21/180 |
| Score : 71/100 |
| Rank : 10/133 |
| Score : 78/100 |