TOP STORY

Sep

Ransomware Transactions Land Cryptocurrency Exchange on US Blacklist

The U.S. Treasury Department blacklisted a Czech Republic-based cryptocurrency exchange on Tuesday, Sept. 21, 2021, for allegedly laundering tens of millions of dollars of ransomware payments made in Bitcoin.

Legs & Regs

HM Treasury Publishes National Risk Assessment of Proliferation Financing

HM Treasury published the country’s first comprehensive national risk assessment of proliferation financing, which was created using input from a wide range of government, private sector and academic partners to highlight the key threats facing the U.K.

September 23, 2021

FinCEN Seeks Comments on BSA Regulations Concerning Antiquities Traders

The Financial Crimes Enforcement Network issued an Advance Notice of Proposed Rulemaking seeking comments on the implementation of amendments to the Bank Secrecy Act regarding the trade in antiquities.

September 23, 2021

European Commission Calls on Four Countries to Transpose Terrorism Rules

The European Commission published a report highlighting its regular package of infringement decisions, which address member states failing to comply with their obligations under EU law, including those related to terrorism and terrorist financing.

September 23, 2021

OSCE Launches Video Courses on AML/CTF, Combating Human Trafficking

The Organization for Security and Co-operation in Europe announced that it launched two video courses on anti-money laundering and combating human trafficking that were developed in partnership with the U.S. Embassy in Kazakhstan.

September 23, 2021

Financial Crime Matters: Canada’s Campaign Against Corruption and Money Laundering

May 11, 2021

In this episode of Financial Crime Matters, Kieran Beer, and James Cohen of Transparency International Canada assess Canada’s recent efforts to clamp down on illicit finance, including in the country’s gaming and real estate sectors.

ACAMS Las Vegas Conference

DATE: 09/27/21 - 09/29/21

LOCATION: ARIA | Las Vegas, Nevada, United States

View Events Calendar

The Wolfsberg Group in a June 2021 statement advised financial institutions to focus on the following areas to increase the effectiveness of their AML/CFT programs:

A. Assess and understand anti-money laundering and counterterrorist financing risks.
B. Prioritize resources.
C. Engage with law enforcement.
D. All of the above.

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More News

Midweek Roundup: US Blacklists Exchange Over Ransomware Payments, Biden Picks Treasury Intelligence Chief, and More

Coinbase drops cryptocurrency loans in nod to U.S. regulators, former head of illicit Russian exchange detained in Poland, and more.

September 22, 2021

Financial Crime Matters: Manhattan District Attorney Discusses Identifying and Combating Cybercrime

By : Kieran Beer

In this episode of Financial Crime Matters, Kieran Beer of ACAMS moneylaundering.com and Elizabeth Roper of the Manhattan District Attorney's Office discuss the tools financial institutions should have in place to combat cybercrime.

September 21, 2021

Legal Brief: Afghan Corruption, Taliban Takeover Challenge US Anti-Financial Crime Strategy

By : Leily Faridzadeh, Legal Writer

This month, the ACAMS moneylaundering.com legal team reviews U.S. anti-money laundering, counterterrorist financing policies towards Afghanistan amid continued concerns of corruption and weaknesses in the country's banking system under the Taliban.

September 20, 2021

EXCLUSIVE: To Combat Gambling Epidemic, Britain Turns to AML Rulebook

By : Koos Couvée

September 17, 2021

Weekly Roundup: FinCEN Flags Jump in Child Pornography Payments, Britain Tackles ‘Problem Gambling’ with AML, and More

September 17, 2021

NICE Actimize - Blind spots are inevitable. Do you know who you're doing business with?

ACAMS Las Vegas. September 27 - 29, 2021

Enforcement Actions

Luxembourg CSSF Reprimands PFS Stratego Trust S.A. for AML/CTF Deficiencies

The Commission de Surveillance du Secteur Financier of Luxembourg imposed a reprimand on the Luxembourg-based financial institution after an on-site inspection identified anti-money laundering and counterterrorist financing deficiencies.

September 21, 2021

OCC Orders MUFG Union Bank, N.A. to Address Technology, Operational Risk Governance Deficiencies

The Office of the Comptroller of the Currency issued a consent order against the San Francisco, CA-based financial institution requiring it to address unsafe or unsound practices regarding technology and operational risk management.

September 20, 2021