Jun
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Ken Blanco, now director of the U.S. financial intelligence unit, speaks to reporters in New York City on Friday, Jan. 20, 2017. During a speech at New York University on Wednesday, June 12, 2019, Blanco outlined his bureau’s efforts to track corrupt proceeds from Venezuela. (Getty Images)
Brexit: Bane of Banks and Bank Regulators Alike
By : Gabriel Vedrenne
If the U.K.’s planned exit from the EU has complicated the lives of bankers, perhaps they can enjoy a little schadenfreude at the expense of the frequent bogeyman of their profession: bank regulators, who must now supervise the partial or wholesale relocation of scores of financial institutions.
Legal Brief: Global Opposition to US Sanctions Solidifies, Expands
By : Silas Bartels, moneylaundering.com legal writer
On June 4, the U.S. Treasury Department disclosed amendments to the Cuban Assets Control Regulations that revoke an authorization granted under the administration of then President Barack Obama for group people-to-people educational travel to Cuba.
Switzerland joins global task force against graft in Venezuela, U.K. fines online casino, and more, in this week’s roundup.
European Regulators Support Centralized Approach Against Financial Crime
By : Gabriel Vedrenne
Senior regulators from financial crime-plagued Malta and Estonia on Wednesday appeared to back the creation of a centralized authority to enforce anti-money laundering rules across the European Union.
It’s deja vu all over again. I’m talking about the return of the liberty-versus-security debate over warrants issued by the Foreign Intelligence Surveillance Act (FISA) Court.
