Former US Officials, Prosecutors
Question Blanche Memo’s True ImpactGetty Images
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Ex-US Officials Urge Banks to Review China Exposure
By Charlie Passut
U.S. banks and other companies should carefully assess their exposure to China and develop contingency plans in case Beijing invades Taiwan, a move that is likely to trigger sweeping Western sanctions, former U.S. officials told an ACAMS-hosted conference Wednesday.
May 1, 2025
Breaking May 1, 2025: 3:16 pm ET
FinCEN Designates Cambodia-Based Huione Group a ‘Primary Money Laundering Concern’
US Banks Ill-Equipped to Tackle Expected World Cup Surge in Labor Trafficking: Analysts
By Chelsea Carrick
The compliance departments of U.S. banks are ill-equipped to identify and flag financial activity linked to labor trafficking amid an expected surge in the crime in the run-up to and during the 2026 soccer World Cup, analysts told attendees at a conference hosted by ACAMS on Wednesday.
May 1, 2025
Slovak central bank governor faces corruption probe, FDIC targets debanking, and more, in the midweek roundup.
April 30, 2025
Anti-graft Campaigners Hail EU Ruling on Malta’s ‘Golden Passport’ Scheme
By Gabriel Vedrenne
Tuesday's decision by the EU's top court to declare Malta's "golden passport" program unlawful will likely boost the bloc's fight against illicit finance by dissuading other nations to launch or resurrect similar schemes, sources told ACAMS moneylaundering.com.
April 29, 2025
Enforcement Actions
The Financial Transactions and Reports Analysis Centre of Canada imposed a CA$107,250 administrative monetary penalty on the Quebec, Canada-based real estate broker for violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
May 1, 2025
The Dutch Authority for the Financial Markets imposed administrative fines totaling €1.7 million against the Amsterdam, Netherlands-based successor to Syntrus Achmea Real Estate & Finance B.V.
April 24, 2025
Legs & Regs
DFSA Publishes Guidance on Innovation Testing License
The Dubai Financial Services Authority published a new explainer guide on its Innovation Testing Licence, a regulatory sandbox that allows eligible financial services firms to test new products in a controlled environment.
May 1, 2025
FinCEN Moves to Isolate Huione Group from US Financial System
The Financial Crimes Enforcement Network issued a notice of proposed rulemaking which identifies Cambodia-based Huione Group as a foreign financial institution of primary money laundering concern.
May 1, 2025
DOJ: Three Defendants Pleaded Guilty in $92 Million ML Case Tied to Chinese Network
The U.S. Justice Department announced that three members of a Chinese money laundering organization pleaded guilty for their roles in laundering over $92 million in drug trafficking proceeds.
May 1, 2025
OFSI Amends Individual Entry on Russia Sanctions List
HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning amendments to one consolidated list entry pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019.
May 1, 2025
January 24, 2025
2025 looks increasingly likely to inaugurate a global golden era for digital assets, with the U.S. leading the way. This is less of a prediction and more of a fait accompli if you read mainstream news sources, let alone if you tune into the cryptocurrency trade press.
March 17, 2025
In the latest episode of the Sanctions Space Podcast, Justine and Marshall Billingslea, former U.S. assistant secretary for terrorist financing, discuss the second Trump administration's use of banking-related sanctions against Russia as leverage in negotiations and as a tool to bring "maximum pressure" to bear on Iran, and how financial institutions should prepare. They also discuss Trump's imposition of tariffs as an element of economic statecraft, and his administration's fentanyl strategy.
More News
Ex-US Officials Urge Banks to Review China Exposure
By Charlie Passut
U.S. banks and other companies should carefully assess their exposure to China and develop contingency plans in case Beijing invades Taiwan, a move that is likely to trigger sweeping Western sanctions, former U.S. officials told an ACAMS-hosted conference Wednesday.
May 1, 2025
Breaking May 1, 2025: 3:16 pm ET
FinCEN Designates Cambodia-Based Huione Group a ‘Primary Money Laundering Concern’
US Banks Ill-Equipped to Tackle Expected World Cup Surge in Labor Trafficking: Analysts
By Chelsea Carrick
The compliance departments of U.S. banks are ill-equipped to identify and flag financial activity linked to labor trafficking amid an expected surge in the crime in the run-up to and during the 2026 soccer World Cup, analysts told attendees at a conference hosted by ACAMS on Wednesday.
May 1, 2025
Slovak central bank governor faces corruption probe, FDIC targets debanking, and more, in the midweek roundup.
April 30, 2025
Anti-graft Campaigners Hail EU Ruling on Malta’s ‘Golden Passport’ Scheme
By Gabriel Vedrenne
Tuesday's decision by the EU's top court to declare Malta's "golden passport" program unlawful will likely boost the bloc's fight against illicit finance by dissuading other nations to launch or resurrect similar schemes, sources told ACAMS moneylaundering.com.
April 29, 2025
Enforcement Actions
The Financial Transactions and Reports Analysis Centre of Canada imposed a CA$107,250 administrative monetary penalty on the Quebec, Canada-based real estate broker for violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
May 1, 2025
The Dutch Authority for the Financial Markets imposed administrative fines totaling €1.7 million against the Amsterdam, Netherlands-based successor to Syntrus Achmea Real Estate & Finance B.V.
April 24, 2025