FinCEN Issues FAQs to Clarify Minnesota GTO
The Financial Crimes Enforcement Network issued new frequently asked questions (FAQs) to guide banks and money transmitters in Minnesota on how to comply with a Geographic Targeting Order that targets cross‑border transfers linked to government benefits fraud and overseas laundering.
Moneyval Finds Poland Made Limited AML/CTF Progress, Crypto Risks Persist
Moneyval issued a third enhanced follow-up report re-rating of Poland, finding that the country has made partial progress in fixing technical gaps in its anti-money laundering and counterterrorist financing framework in line with the Financial Action Task Force Recommendations.
OFAC Adds Four Counter Terrorism Designations to SDN List
The Office of Foreign Assets Controls added one individual and four entities to the Specially Designated Nationals List with respect to counter terrorism issues.
US Designates Brotherhood Branches as Terrorist Organizations
The U.S. Treasury Department announced the designations of three Muslim Brotherhood branches and one individual as Specially Designated Global Terrorists for providing material support to Hamas.
In the latest episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com, talks with former lawyer turned money launderer, Kenneth Rijock, about the money laundering techniques he used while working with drug cartels.
In the latest episode of Sanctions Space, Justine Walker, head of global sanctions and risk at ACAMS, and Stephanie Baker, author of 'Punishing Putin: Inside the Global Economic War to Bring Down Russia,' discuss sanctions loopholes Russia exploits to finance its war with Ukraine, and U.S. use of 'secondary tariffs' to deter purchases of Russian oil.
For Fintechs, OCC Proposal Would Eliminate Charter Barrier
By Chelsea Carrick
Dutch Regulator Re-emphasizes Risk-based Approach
By Koos Couvée
European Banks on Guard After Maduro Raid
By Gabriel Vedrenne