TOP STORY

Feb

13

European Union Unveils AML Blacklist, US Officials Instruct Banks to Ignore It

EU Justice Commissioner Vera Jourova talks to reporters in Brussels, Belgium on Thursday, Sept. 20, 2018. On Wednesday, Feb. 13, 2019, Jourova said EU nations have at least one month to approve a new blacklist of nations with weak controls against money launderers. (AP Photo).

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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.
The European Union issued Council Implementing Regulation (EU) 2019/270, regarding the addition of one individual are the sanctions list pursuant to Regulation (EU) 2016/1686 and with respect to al-Qaida and the Islamic State of Iraq and the Levant.
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Enforcement Actions

The U.S. Securities and Exchange Commission issued a cease and desist order against the Teaneck, NJ-based corporation requiring it to pay $25,167,368, including a penalty, disgorgement and prejudgment interest, to settle charges that it violated the Foreign Corrupt Practices Act.
The Office of Foreign Assets Control of the U.S. Treasury Department and the Darmstadt, Germany-based chemical manufacturer agreed to settle potential liability for alleged violations of the Cuban Assets Control Regulations related to the sale of chemical reagents to Cuba on 304 occasions.