News

U.S. Sen. Bill Cassidy (R-LA) and a bipartisan group of seven other lawmakers introduced a bill that calls on Treasury's Financial Crimes Enforcement Network to assess the risks of trade-based money laundering and develop a plan to combat it. More All 22 nations that Moneyval, the Financial Action Task Force's affiliate in Europe, has evaluated since 2016 failed to prosecute and convict a sufficient number of financial criminals, ACAMS moneylaundering.com reported. More EU officials unveiled a sixth package of sanctions against Russia including a total ban on Russian petroleum by the end of the year and new restrictions against three...