TOP STORY

Jan

21

EXCLUSIVE: Latvian Disciplinary Cases Reveal Internal Battles Over AML Supervision

Two former Latvian regulators whom were targeted with disciplinary proceedings after pushing for tougher AML enforcement and supervision recently discussed their cases with ACAMS moneylaundering.com.

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Legs & Regs

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Enforcement Actions

Luxembourg's Commission de Surveillance du Secteur Financier issued a €45,000 fine against the Grevenmacher, Luxembourg-based investment fund manager after an on-site inspection identified isolated anti-money laundering and counterterrorist financing compliance failures.
The U.S. Justice Department entered into a deferred prosecution agreement with the Indonesia-based global supplier of cigarette paper products to resolve charges that the company conspired to commit bank fraud in connection with the shipment of products to North Korean customers.