ACAMS Insights: free resources on topical issues

TOP STORY

Nov

Remote Banking, Drive Towards Automation Exposing Elderly Clients to Fraud

FinCEN Acting Director Himamauli Das, left, speaks to moneylaundering.com editor-in-chief Kieran Beer, right, at the ACAMS Las Vegas Conference on Wednesday, Oct. 12, 2022, four months after the bureau reported a spike in fraud schemes against the elderly.

Legs & Regs

OFAC Adds Three Individuals, Amends Iran Sanctions Entry

The Office of Foreign Assets Control of the U.S. Treasury Department issued a notice concerning the addition of three individuals to the Specially Designated Nationals List and amendments to one existing entry with respect to Iran.

November 23, 2022

US Treasury Announces Sanctions on Iranian Officials for Protest Crackdowns

The U.S. Treasury Department announced new sanctions on three Iranian security officials for their roles in the continued crackdown targeting ongoing protests throughout Iran.

November 23, 2022

Moneyval Follow-Up Report Welcomes Positive Changes in Czech Republic

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism released a third follow-up report on the progress made by the Czech Republic to strengthen its anti-money laundering and counterterrorist financing regime.

November 23, 2022

European Parliament Declares Russia State Sponsor of Terrorism

The European Parliament adopted a resolution on the latest developments in Russia’s war against Ukraine that recognizes the country as a state sponsor of terrorism.

November 23, 2022

Financial Crime Matters: Making Sense of the Current Chaos in Crypto

November 1, 2022

In this episode of Financial Crime Matters, Kieran Beer of ACAMS moneylaundering.com and Joby Carpenter, a former U.K. Financial Conduct Authority official now with ACAMS, discuss the current climate for cryptocurrencies.

Sanctions Space: Global Trade Analyst Discusses Russian Invasion, Indirect Consequences

March 10, 2022

In this episode of Sanctions Space, Justine Walker of ACAMS and Emily Rees of the European Centre for International Political Economy discuss the commercial impact of Russia's invasion of Ukraine.

International Anti-Corruption Conference 2022: Uprooting Corruption, Defending Democratic Values

DATE: 12/6/22 - 12/11/22

LOCATION: Washington, D.C., United States

View Events Calendar

According to the Wolfberg Group, what types of correspondent banking relationships should be avoided?

A. Shell banks.
B. Money services businesses with robust compliance programs.
C. Banks that do business with politically exposed persons.
D. All of the above.

View all quizzes

More News

With Russian Oil Price Cap Looming, OFAC Warns, Encourages Trade Financing Banks

By : Fred Williams and Benjamin Hardy

Banks that back maritime shipments of oil with letters of credit and other finance must contend with a potential minefield of due-diligence requirements after an unprecedented, partial embargo on Russian petroleum comes into force, sources told ACAMS moneylaundering.com.

November 23, 2022

Weekly Roundup: EU Court Strikes Down Public Beneficial Ownership Registers, HashFlare Founders Trigger US Money Laundering Charges, and More

Mexico authorizes U.S. seizure of drug kingpin's assets, German FIU faces new STR backlog, and more, in the weekly roundup.

November 23, 2022

Breaking November 22, 2022: 6:43 pm ET

Banks Must Help Enforce Russian Oil Sanctions: OFAC

In Landmark Ruling, EU Court Rejects Public Ownership Databases

By : Koos Couvée

The Court of Justice of the European Union ruled Tuesday that unfettered public access to beneficial ownership information violates "fundamental rights," potentially thwarting efforts by the bloc to combat the use of legal entities in financial crimes for years to come.

November 22, 2022

Breaking November 22, 2022: 7:06 am ET

EU’s Top Court Declares Public Beneficial Ownership Registers ‘Invalid’

ACAMS AFC Bulletin: Suspicious Activity Reports

Enforcement Actions

FCA Publicy Censures Former CEO of Sonali Bank for AML Failures

The Financial Conduct Authority issued a final notice that publicly censures Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited, for widespread anti-money laundering failings.

November 16, 2022

OCC Enters Into Consent Order with Quontic Bank

The Office of the Comptroller of the Currency entered into a consent order with New York-based financial institution, mandating that the bank upgrade its written Liquidity Risk Management Program and capital ratios.

October 4, 2022