TOP STORY

Sep

‘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)

Legs & Regs

HM Treasury Publishes Updated Version of Asset Freeze Sanctions List

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.

September 29, 2020

RUSI-ACAMS Global Survey on Cryptocurrency Risks Notes Perceived Links to Financial Crimes

The Royal United Services Institute and the Association of Certified Anti-Money Laundering Specialists published the results of a global survey on the perceived risks of cryptocurrency and the adequacy of compliance controls within the cryptocurrency sector.

September 29, 2020

HM Treasury Sanctions Eight Belarus Individuals for Human Rights Violations

HM Treasury issued a notice concerning the addition of eight individuals to its consolidated list pursuant to the Global Human Rights Sanctions Regulations 2020, which sanctions the economic resources of persons responsible for or involved in serious violations of human rights.

September 29, 2020

Europol Supports Operation Targeting Cybercrime Network for Phishing Bank Credentials

The European Union Agency for Law Enforcement Cooperation announced that it supported a joint law enforcement operation by authorities in Estonia, Lithuania and Romania that led to the dismantling of an organized crime group involved in fraud, phishing and money laundering.

September 29, 2020

Financial Crime Matters: Juan Zarate Discusses AML, Sanctions and National Security

April 23, 2020

In this episode of “Financial Crime Matters,” Kieran Beer, editor in chief of ACAMS moneylaundering.com, and Juan Zarate, former assistant secretary for terrorist financing and financial crimes at the U.S. Treasury Department, discuss the evolution of U.S. sanctions.

ACAMS 8th Annual AML & Anti-Financial Crime Conference – Virtual Canada

DATE: 10/20/20 - 10/22/20

LOCATION: Web Seminar, United States

View Events Calendar

True or False? According to a joint statement released on Aug. 21, 2020 by five U.S. financial regulators, all politically exposed persons are considered high-risk.

A. True.
B. False.

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More News

Community, Intimidation and Opportunism: Italian Organized Crime’s Recipe for Success

Italian organized-crime syndicates have expanded beyond their communities of origin to infiltrate legitimate economies and launder their profits at home and abroad, Anna Sergi, a senior lecturer in criminology at the University of Essex, told ACAMS moneylaundering.com.

September 28, 2020

Weekly Roundup: Western Union Targets COVID-19 Fraud, Bank Shares Drop After FinCEN Files, and More

Swiss private bank dinged for poor AML, France investigates BNP Paribas, and more, in this week's roundup.

September 25, 2020

FinCEN Files Puts Focus on Banks, Obscures Larger Problem: Sources

By : Daniel Bethencourt

In more than a dozen articles this week, journalists with BuzzFeed News and other outlets argued that the FinCEN Files, a leaked cache of 2,100 suspicious activity reports, shows the eagerness of banks to do business with criminals while only technically meeting regulatory requirements.

September 25, 2020

Canadian Police May Lack Resources to Tackle Money Laundering, Investigator Says

By : Daniel Bethencourt

September 24, 2020

European Nations Feature Heavily in ‘FinCEN Files’

By : Koos Couvée

September 24, 2020

Enforcement Actions

CSSF: Banque de Commerce et de Placements S.A. to Pay €170,000 for AML/CTF Failures

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.

September 29, 2020

AUSTRAC: Westpac Banking Corporation to Pay AU$1.3 Billion for AML/CTF Violations

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.

September 24, 2020