VenezuelaThe Financial Intelligence Unit of Mauritius issued FIU/Notice/2024/01 concerning the registration of reporting persons pursuant to the Financial Intelligence and Anti-Money Laundering Act.
Federal prosecutors from the U.S. Attorney’s Office for the Southern District of New York announced the unsealing of an indictment that charges the co-founders of Samourai Wallet with money laundering conspiracy and operating an unlicensed money transmitting business.
Midweek Roundup: Binance Founder Faces Jail Time, Chinese Banks in US Crosshairs, and More
U.S. foreign aid bill empowers FinCEN, SEC seeks $5 billion from Terraform Labs, and more, in the midweek roundup.
To Combat Opioid Epidemic, Congress Grants FinCEN New Blacklisting Power
Tucked into a bill that allocates tens of billions of dollars towards Ukraine’s defense is a provision that newly empowers U.S. officials to unilaterally designate foreign banks, accounts and transactions as a “primary money laundering concern” when linked to fentanyl trafficking.
‘Reporting Cascade’ Opposes FinCEN’s Real Estate Proposal
The Commission de Surveillance du Secteur Financier imposed a €785,000 administrative fine on the Luxembourg-based investment firm for failing to comply with anti-money laundering and counterterrorist financing obligations.
The Solicitor Regulation Authority decided that Albert Partington, a solicitor and director of Ogden Lyles & Fox, must pay a fine of £11,013.67 for violating the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and other breaches of conduct.
| Technical | Effectiveness |
|---|---|
| Compliant : 6 | High : |
| Largely Compliant : 12 | Substantial : |
| Partially Compliant : 17 | Moderate : |
| Non-Compliant : 14 | Low : |
| Rank : 20/141 |
| Score : 6.56/10 |
| Rank : 173/180 |
| Score : 16/100 |
| Rank : 61/133 |
| Score : 69/100 |