TOP STORY

Aug

8

Legalized Hemp Production Challenges Bank Secrecy Act Staff

Joanne Sherwood, head of Citywide Banks, second left, testifies on cannabis-related banking in Washington, D.C., on Tuesday, July 23, 2019. Legalized hemp has complicated compliance with federal rules against handling marijuana proceeds, sources told ACAMS moneylaundering.com. (Getty Images)

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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.

August 21, 2019

OFAC Publishes Latest Edition of SDN List

The Office of Foreign Assets Control, part of the U.S. Treasury Department, updated its list of Specially Designated Nationals and Blocked Persons, which designates organizations and individuals who are restricted from doing business with the United States, American companies or Americans.

August 21, 2019

OFAC Announces Changes Made to SDN List in 2019

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, 2019 and Aug. 21, 2019.

August 21, 2019

OFAC Adds Three Chinese Individuals, Two Entities to Kingpin Act Sanctions

The Office of Foreign Assets Control of the U.S. Treasury Department issued a notice regarding additions to the Specially Designated Nationals List with respect to the Kingpin Act.

August 21, 2019

From the Editor: Lack of Corporate Transparency in the United States is Criminal

March 28, 2019

Fighting sex trafficking by treating it as a financial crime may be one of the best ways to free its victims and punish those who profit from enslaving others. Prosecutions for money laundering built on financial data can spare the already traumatized victims of trafficking from needing to testify.

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More News

White House Targets Fentanyl Traffickers, Financial Flows

By : Valentina Pasquali

U.S. officials on Wednesday blacklisted four Chinese individuals and entities accused of smuggling fentanyl, its precursors and analogues into the United States and flagged several channels through which traffickers of the highly addictive opioid move funds.
August 21, 2019

Midweek Roundup: Australia Expects More AML Enforcement, Standard Chartered in Line for UK Sanctions Fine, and More

Norway criticizes DNB's compliance program, Rabobank de-risks professional soccer, and more, in the midweek roundup.
August 21, 2019

‘Nigerian Mafia’ Growing Player in Italian Trafficking, Laundering Operations

By : Valentina Pasquali

Italian authorities have grown increasingly concerned over the involvement of Nigerian criminal groups in the country's illicit sex- and drug-trafficking markets, sources told ACAMS moneylaundering.com.
August 20, 2019

Financial Crime Matters: Alexandra Jour-Schroeder of the European Commission

By : Kieran Beer

August 20, 2019

Weekly Roundup: Gibraltar Releases Iranian Ship from Custody, Goldman Sachs Banker Placed on Leave, and More

August 16, 2019
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Enforcement Actions

OFAC: Atradius Trade Credit Insurance, Inc. to Pay $345,315 for Apparent Sanctions Violations

The Office of Foreign Assets Control of the U.S. Treasury Department settled its potential civil liability with the Hunt Valley, MD-based trade credit insurer for two apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations.
August 16, 2019

OFAC Issues Finding of Violation Against DNI Express Shipping Company for Misleading Statements

The Office of Foreign Assets Control issued a finding of violation against the McLean, VA-based shipping company for a violation of the Reporting, Procedures and Penalties Regulations connected to the provision of contradictory, false, materially incomplete and misleading statements.
August 8, 2019

OFAC Issues Finding of Violation Against Southern Cross Aviation, LLC Concerning Iran Transaction Subpoenas

August 8, 2019

OFAC: PACCAR Inc Pays $1,709,325 to Resolve Iran Sanctions Violations

August 6, 2019

South Africa’s Prudential Authority Fines Bank of Baroda, South Africa 400,000 Rand for Deficient Money Laundering Controls

August 6, 2019