VenezuelaThe U.S. State Department announced the designation of Laurent Salvador Lamothe, a former Haitian Prime Minister and Minister of Planning and External Cooperation, for significant corruption.
India’s Directorate of Enforcement shared updates relating to three of its investigations into money laundering
Global AML Framework Rests Far Too Heavily on Prevention, Authors Claim
The global fight against illicit finance is wavering because nations to date have failed to align their varying legal definitions of money laundering and are overly focused on preventing illegal wealth from entering their financial systems.
France sees shift in STR filings, Brazil sentences former president, and more, in the weekly roundup.
The National Bank of Georgia imposed a fine on the Tbilisi, Georgia-based bank for anti-money laundering and counterterrorist financing violations.
The Reserve Bank of India fined the Ankalkhop, India-based financial institutions for non-compliance with its know your customer obligations.
| 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 |