TOP STORY

Jun

15

Irish Regulator Cites Asset Management Firm for Cybersecurity, AML Breaches

Ireland’s central bank, whose governor Philip Lane is pictured above in this Apr. 2017 photo, fined Dublin-based Appian Asset Management €443,000 for poor cyberfraud and anti-money laundering controls. (Alamy / Niall Carson)

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ADDITIONAL STORIES

June 15 2018

Weekly Roundup: OCC Fines Bank of China, Ronaldo Settles Tax Charges, and More

Soccer star Cristiano Ronaldo settled tax evasion charges in time to make the World Cup, the U.S. OCC fined Bank of China, a Danish minister called for a tougher EU response to money laundering, and more, in this week’s roundup.

June 13 2018

Philippines Toughens Regulations on Eve of FATF Evaluation, says AML Official

In recent months, Filipino authorities have sought to strengthen the national anti-money laundering and counterterrorist financing regime by extending customer due diligence and reporting requirements to the gaming industry and other non-bank entities.

June 13 2018

Bank Regulators to Unveil Leaner, Risk-Based BSA Compliance Regime: Otting

By : Valentina Pasquali

Federal banking agencies are working to streamline Bank Secrecy Act requirements through an inter-agency task force established last month and expect results in the next three to six months, said a senior U.S. regulator.

June 13 2018

Midweek Roundup: North Korea Contradicts Trump on Sanctions, Dubai Real Estate Used to Launder Funds, and More

Canada issues virtual currency regulations, North Korean media contradicts President Trump claiming sanctions will be lifted, Dubai real estate used to launder illicit funds, and more, in the midweek roundup.

From the Editor: Banks in Europe Can Expect More, Larger Enforcement Actions in 2018

January 26 2018

The European Parliament in Strasbourg is pictured in this Shutterstock photo. Recent investigations in Europe and the United Kingdom indicate that enforcement and prosecution against financial crime will increase in 2018, a panel of attorneys said during an ACAMS webinar.

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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.
June 15 2018

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.
June 15 2018

OFAC Announces Changes Made to SDN List in 2018

June 15 2018

EU Adds Six Human Traffickers, Smugglers to Libya Sanctions List

June 15 2018

OSCE Organizes Training Course on Disrupting Terrorist Financing, Applying Sanctions

June 15 2018
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Enforcement Actions

Central Bank of Ireland Fines Appian Asset Management Limited €443,000 for AML Breaches

The Central Bank of Ireland fined the Dublin, Ireland-based firm for significant client asset, anti-money laundering and fitness and probity breaches. 
June 15 2018

FCA Fines Canara Bank £896,100 for AML Failures

The United Kingdom's Financial Conduct Authority issued the fine against the London, England-based bank and imposed deposit restrictions on it for anti-money laundering systems failures.
June 6 2018

DOJ: Société Générale S.A. to Pay over $860 Million to Resolve FCPA, LIBOR Violations

June 5 2018

AUSTRAC: Commonwealth Bank of Australia Agrees to Pay AU$700 Million to Resolve AML/CTF Violations

June 4 2018

DOJ: Legg Mason, Inc. to Pay Over $64 Million for FCPA Violations

June 4 2018