News

A U.S. watchdog criticized the Treasury Department's Financial Crimes Enforcement Network for taking three years to assess whether title insurance firms complied with a geographic targeting order to identify the ultimate buyers of certain high-end real estate. More Federal regulators issued guidance detailing the criteria they follow in taking enforcement actions against institutions found to have violated anti-money laundering rules. More U.S. prosecutors moved to forfeit some 300 cryptocurrency wallets through which U.S.-blacklisted terrorist groups like al-Qaida and the Islamic State moved the proceeds of fundraising campaigns and the fraudulent peddling of medical gear amid the coronavirus pandemic, ACAMS moneylaundering.com...