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Feb

Domestic Terrorist Financing in Congressional Spotlight After US Capitol Riot

Supporters of former President Donald Trump gather before the U.S. Capitol in Washington, D.C., on Wednesday, Jan. 6, 2021.The deadly insurrection that followed has prompted legislation targeting the finances of domestic terrorists. (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.

February 26, 2021

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.

February 26, 2021

OFAC Announces Changes Made to SDN List in 2021

The Office of Foreign Assets Control (OFAC) released a cumulative list of changes made to the list of Specially Designated Nationals (SDN) and Blocked Persons between Jan. 1, 2021 and Feb. 26, 2021.

February 26, 2021

HM Treasury Adds Individual to Yemen Sanctions List

HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of one individual to its consolidated list pursuant to the Yemen (Sanctions) (EU Exit) Regulations 2020.

February 26, 2021

Financial Crime Matters: Barry MacKillop and Stuart Davis Discuss Project Shadow

January 28, 2021

In this episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com, Barry MacKillop, of Fintrac, and Stuart Davis, of Scotiabank, discuss Canada’s fifth public-private partnership to tackle the online exploitation of children.

Sanctions Space Summit

DATE: 03/2/21 - 03/3/21

LOCATION:

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According to the Financial Crimes Enforcement Network, financial institutions reporting suspected criminal activity related to COVID-19 vaccines and their distribution should:

A. Reference "FIN-2020-NTC4" in field 2 of their suspicious activity reports (SARs).
B. Select SAR field 34(z) (Fraud - other) as the associated suspicious activity type.
C. Provide details about the reported activity in the narrative portion of the suspicious activity reports.
D. All of the above.

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More News

Weekly Roundup: Alleged Reprisals Against AML Whistleblowers Draw Federal Scrutiny, US Lawmakers Debate FinCEN’s Role in Countering Domestic Terrorism, and More

U.S. officials blacklist Saudi military unit and official for killing of Jamal Khashoggi, 4AMLD bolstered European bank stocks, and more, in the weekly roundup.

February 26, 2021

Cayman Islands Lands on FATF’s Gray List

By : Gabriel Vedrenne and Koos Couvée

The Financial Action Task Force added Cayman Islands to a list of jurisdictions that require enhanced supervision Thursday after finding that the offshore financial center disregarded a warning more than two year ago to address major gaps in its anti-money laundering regime.

February 25, 2021

Nine Months into COVID-19 Loan Program, Britain Assesses Criminal Abuse

By : Koos Couvée

U.K. lenders have mostly filled the gaping holes through which criminals are believed to have siphoned billions of pounds of loans intended to mitigate the economic impact of the novel coronavirus, but now face a mountain of potentially fraudulent claims to investigate.

February 24, 2021

FinCEN Flags Fraudulent COVID-19 Payments, Scams Against Elderly

By : Valentina Pasquali

February 24, 2021

Midweek Roundup: Supreme Court Upholds Trump Subpoena, EU Issues 4AMLD Warning, and More

February 24, 2021

Enforcement Actions

OFAC: Bitpay, Inc. to Pay $507,373 to Settle Apparent Violations of Multiple Sanctions Programs

The Office of Foreign Assets Control of the U.S. Treasury Department settled with the Atlanta, GA-based digital currency payment service provider for potential civil liability for 2,102 apparent violations of multiple U.S. sanctions programs.

February 18, 2021

NYAG: Bitfinex, Tether Entities Agree to Pay $18.5 Million Penalty to Settle Fraud, Other Charges

New York Attorney General Letitia James entered into a settlement agreement with the various entities comprising two cryptocurrency trading platforms that orders them to stop New York trading and pay a combined $18.5 million penalty for deceiving clients and hiding $850 million in losses.

February 18, 2021