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Weekly Roundup: Treasury Sanctions Alleged Would-Be Assassins, FinCEN Proposes Prepaid Transport Rules, and More
printIran remained the focus of the U.S. Treasury Department this week after American officials disclosed an alleged plot by Iran's Revolutionary Guard Corps to assassinate Saudi Arabia's diplomat to the United States. Believing he was paying a narcotics trafficker to kill the Saudi official, a suspect sent two bank wires from an unnamed foreign bank totaling nearly $100,000, according to a Justice Department complaint. The trafficker was a source working with the U.S. Drug Enforcement Administration. More On Tuesday, the Treasury Department's Office of Foreign Assets Control (OFAC) blacklisted four senior members of the Iranian military division and Manssor Arabasiar,...
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The theft of $45 million by cybercriminals exploiting and manipulating stolen prepaid card data highlights weaknesses in how financial institutions monitor the use of stored value products, say security experts.
A group of investigative journalists reveal the identities of thousands of suspected tax evaders, U.S. prosecutors increasingly turn to a civil fraud statute to prosecute money launderers, and more, in this week's news roundup.
JPMorgan Chase drops a Milan account for the Holy See, Beijing police freeze nearly $800 million tied to at least six "underground" banks, and more.
Weekly Roundup: White House Blacklists Japanese Gang Leaders, FinCEN Extends FBAR Deadline, and More
The FDIC disclosed two enforcement actions for AML violations, Jamaican officials are welcoming plans to revamp the country's Proceeds of Crime Act, and more, in this week's roundup.
Iran's central bank prepares to sue to win back $2 billion in frozen assets, the U.S. Treasury Department blacklists the heads of a money laundering ring based in Panama and Colombia, and more, in this week's news roundup.
Mexican drug cartels are turning to trade-based laundering involving common goods to transfer narcotics proceeds, while the Financial Crimes Enforcement Network told banks Tuesday that it was postponing the deadline for new currency transaction and suspicious activity reports.
China, Mexico and Russia topped the latest Global Financial Integrity list of countries with the greatest outflows of illicit fund and the Financial Crimes Enforcement Network fined a former bank loss-mitigation specialist $25,000 Thursday for disclosing a SAR to the subject of the report.
Israel's Attorney General announces plans to indict the country's foreign minister on money laundering charges, Danish scientist indicted for wire fraud and money laundering, and more, in this week's roundup.
The OTS dings an Indiana bank for BSA violations as RBS gets an extension on its deal with the U.S. Justice Department, in this week's news roundup.
The OCC slaps an Atlanta, GA-based bank with a consent order for BSA deficiencies, a California woman is charged with providing material support for a terrorist group, and more, in this week's roundup.
A Muslim charity appeals its terrorist financing conviction, U.S. and Canada sign MOU to strengthen money laundering and counterterrorist financing efforts and more, in this week's roundup.
Compass Bank became the latest to be fined by the U.S. Treasury Department for sanctions violations and it wasn't a good week for anti-money laundering efforts in Nigeria.
Venezuela announces plans to create a public bond market, 14 individuals charged with providing material support to a terrorist organization, in this week's roundup.
Swiss bankers may be breathing easier after comments from a U.S. ambassador suggested that the United States has no immediate plans to launch new investigations of their institutions for tax evasion.
U.S. officials may be looking at 200 bank accounts allegedly tied to North Korean leaders in Asia, Europe and Russia, the U.S. and India sign an MOU to share AML data and the head of Kosovo's central bank is arrested, in this week's news roundup.
In other AML news this week, the New Zealand government passed an AML bill and the SEC said it has expanded its cooperation with foreign governments in securities fraud investigations.