TOP STORY

Sep

21

‘FinCEN Files’ Highlight Ongoing Risks of SAR Filing Practices

The FinCEN Files, a cache of records leaked from the U.S. financial intelligence unit, show that JPMorgan Chase handled millions of dollars for Paul Manafort, above, after he resigned as President Donald Trump’s campaign chairman in 2016. (Getty Images)

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Legs & Regs

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Enforcement Actions

The Commission de Surveillance du Secteur Financier of Luxembourg issued an administrative fine of €170,000 against the Geneva, Switzerland-based bank for violations of the anti-money laundering and counterterrorist financing rules.
The Australian Transaction Reports and Analysis Centre entered into a proposed settlement with the Sydney, Australia-based financial institution for breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.