Switzerland Approves Scaled-Back AML Reforms
By Gabriel Vedrenne
For Banks, VerifTools Case Brings Cautionary Tale
By Charlie Passut
FinCEN Pledges to Empty Almost Entire Beneficial Ownership Database
By Charlie Passut
FCA Official Discusses Efforts to Detect, Disrupt Financial Crime
Financial Conduct Authority Joint Executive Director of Enforcement and Market Oversight Steve Smart delivered remarks at the 1LoD Financial Crime Summit, highlighting that money laundering poses a significant threat and organized crime activity within the financial sector is growing.
OFSI Issues Notice on Frozen Assets Reporting for 2025
HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning its 2025 review of any changes to frozen assets of designated persons during the last year, highlighting that regulated entities must report on frozen assets they hold by Nov. 30, 2025.
HM Treasury Removes Individual from Russia Sanctions List
HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the removal of one individual from the consolidated list pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019.
US Treasury Sanctions Houthi Networks, Facilitators
The U.S. Treasury Department announced sanctions targeting 11 individuals, 21 entities, and four vessels for their roles in networks that support the Houthis’ global illicit fundraising, smuggling, and weapons procurement operations.
In the latest episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com and Tristram Hicks, co-author of “The War on Dirty Money,” discuss what’s wrong with the international war against financial crime.
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.
Switzerland Approves Scaled-Back AML Reforms
By Gabriel Vedrenne
For Banks, VerifTools Case Brings Cautionary Tale
By Charlie Passut
FinCEN Pledges to Empty Almost Entire Beneficial Ownership Database
By Charlie Passut