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Mar

Amid Renewed Concern, US Domestic Terrorist Finances Remain Elusive

A Proud Boys member carries a flag in Richmond, Virginia, on Monday, Jan. 18, 2021. Banks are ill-equipped to distinguish finances tied to violent extremism from those of protected free speech, sources told ACAMS moneylaundering.com. (Getty Images)

Legs & Regs

HM Treasury Publishes Updated Version of Asset Freeze Sanctions List

HM Treasury modified its Consolidated List of Financial Sanctions Targets in the United Kingdom, which contains the names of designated individuals and entities subject to international asset freezing and domestic sanctions under the Terrorist Asset-Freezing etc. Act 2010.

March 28, 2023

OFAC Announces Changes Made to SDN List in 2023

The Office of Foreign Assets Control released a cumulative list of changes made to the list of Specially Designated Nationals and Blocked Persons between Jan. 1, 2023, and March 28, 2023.

March 28, 2023

India ED Investigates Fintech Company, Others Involved in Fraud

The Directorate of Enforcement has carried out searches under the Prevention of Money Laundering Act, 2002 at a fintech company involving 150 bank accounts in respect of investigations being conducted relating to an illegal betting case against Rakesh R Rajdev and others.

March 28, 2023

OFAC Adds Six Individuals, Two Entities to SDN List

The Office of Foreign Assets Control of the U.S. Treasury Department issued a notice concerning the addition of six individuals and two entities to the Specially Designated Nationals List with respect to Syria and counter terrorism issues.

March 28, 2023

Financial Crime Matters: Daniel Stipano, Jamal El-Hindi Discuss U.S. Beneficial Ownership Registry, AML in 2023

February 16, 2023

In this episode of Financial Crime Matters, Kieran Beer of ACAMS moneylaundering.com, Dan Stipano, partner at Davis Polk, and Jamal El-Hindi, counsel at Clifford Chance, discuss FinCEN’s proposed regulation for accessing the beneficial ownership database.

Nathalia Dukhan and Naureen Chowdhury Fink Shed Light on Russia's Wagner Group

March 10, 2022

In this episode of Sanctions Space, Justine Walker of ACAMS, Nathalia Dukhan of The Sentry, and Naureen Chowdhury Fink of the Soufan Center, discuss the Wagner Group, a paramilitary organization created in Russia involved in global terrorism and stirring economic unrest.

ACAMS APAC Conference

DATE: 04/24/23 - 04/25/23

LOCATION: Singapore, Singapore

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According to the Financial Action Task Force, money laundering risk indicators for the art and antiquities market include:

A. Sales or purchases of art that vastly exceed the expected sales value of the work.
B. Imported art declared to the relevant customs authorities.
C. Transactions paid via credit cards.
D. None of the above.

View all quizzes

More News

American Bar Association Considers Overhauling Client Due Diligence Expectations

By Benjamin Hardy

The American Bar Association is weighing the adoption of a new standard to address criticism that attorneys often fail to screen for illicit finance when forming legal entities for clients.

March 28, 2023

Breaking March 28, 2023: 8:49 am ET

Lawmakers Advance EU AML Action Plan

CFTC Sues Binance Over ‘Sham’ Compliance Program, ‘Willful Evasion’ of Law

By Benjamin Hardy and Fred Williams

U.S. regulators charged global cryptocurrency exchange Binance, the company's chief executive officer and a former chief compliance officer with violating federal commodities laws Monday, alleging that the platform helped U.S. customers evade its own compliance program for years.

March 27, 2023

EU Lawmakers Want Lower Beneficial Ownership Threshold

By Koos Couvée

The European Parliament wants to lower the threshold at which financial institutions must identify the true owners of legal entities they serve from 25 percent to 15 percent, and to as low as 5 percent for those deemed inherently vulnerable to illicit finance.

March 27, 2023

Weekly Roundup: Zimbabwean Officials Laundering Billions of Dollars, Sanctions Evader Escapes House Arrest in Italy, and More

Facebook accused of handling fentanyl payments, Baltic officials crack down on cryptocurrency, and more, in the weekly roundup.

March 24, 2023

Enforcement Actions

UK Gambling Commission Fines Three William Hill Group Entities £19.2 Million for AML Failures

The U.K. Gambling Commission compliance assessments of three William Hill Group entities uncovered social responsibility and anti-money laundering failures, and the three gambling businesses have now agreed to pay £19,249,850 towards socially responsible purposes in lieu of a fine.

March 28, 2023

Malta FIAU Fines Rhinoceros Operations Limited €128,796 for AML/CTF Failures

The Financial Intelligence Analysis Unit of Malta issued an administrative penalty of €128,796 against the Gżira, Malta-based remote gaming operator for failure meet obligations under the Prevention of Money Laundering and Funding of Terrorism Regulations.

March 27, 2023