ACAMS Insights: free resources on topical issues

TOP STORY

Aug

9

As Belgium’s De-risking Debate Limps Forward, Diamond Industry Left Waiting

Businessmen gather in front of the Beurs voor Diamanthandel in Antwerp’s diamond district on Sunday, June 7, 2009. Belgian diamond companies are struggling to secure and retain domestic accounts, threatening their country’s status as a global trading hub. (Alamy)

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Legs & Regs

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Enforcement Actions

The Malta Financial Intelligence Analysis Unit issued an administrative measure imposing a €653,637 fine on the Sliema, Malta-based credit institution after an onsite compliance review uncovered anti-money laundering and counterterrorist financing deficiencies.
The Jersey Financial Services Commission issued a £498,000 civil money penalty against the Jersey branch of the London-based financial institution for anti-money laundering breaches related to one correspondent banking relationship.