ACAMS Insights: free resources on topical issues

TOP STORY

Jun

23

UK Sanctions Chief Previews Aggressive Enforcement Strategy

U.K. officials plan to establish an intelligence division to help bolster sanctions enforcement, which to date has relied on voluntary disclosures of violations. (Alamy)

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Legs & Regs

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Enforcement Actions

The United Kingdom's Financial Conduct Authority imposed a £5.8 million fine on the London, U.K.-based bank for failing to conduct adequate enhanced due diligence when establishing certain business relationships and for failure to implement ongoing enhanced monitoring, and risk-based controls. 
The Financial Transactions and Reports Analysis Centre of Canada imposed a fine of CA$ $33,000 on the Montréal, Canada-based money services business for noncompliance with its anti-money laundering and counterterrorist financing obligations.