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Legal Brief: Cybercriminal Reliance on Money Mules Furthers Growing Problem
By Silas Bartels, moneylaundering.com legal writer
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This is the first of a monthly feature that will use moneylaundering.com content produced by our legal team to highlight current legal issues affecting compliance. This month, we look at the potential criminal risks and regulatory gaps presented by the U.K.'s proposed withdrawal from the EU.
In the fifth installment of our series, the ACAMS moneylaundering.com legal team covers the U.S. government's use of geographic targeting orders, or GTOs, to gather financial intelligence on the real estate sector.
On June 4, the U.S. Treasury Department disclosed amendments to the Cuban Assets Control Regulations that revoke an authorization granted under the administration of then President Barack Obama for group people-to-people educational travel to Cuba.
With at least 34 states, the District of Columbia and several U.S. territories now licensing the production and distribution of recreational or medicinal cannabis, interest in a fix that would allow banks to hold accounts for MRBs without exposing themselves to regulatory or legal action has risen.
In April 2016, the International Consortium of Investigative Journalists and Suddeutsche Zeitung began reporting on 11.5 million records leaked from Panama-based law firm Mossack Fonseca.
