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Tigran

Apr

17

Binance Executive’s Nigeria Arrest Has Compliance Officers Rethinking Travel Plans

Tigran Gambaryan, head of anti-financial crime at Binance, appears in court in Abuja, Nigeria, on Thursday, April 4, 2024. Gambaryan’s arrest in Nigeria, where he has since been charged with money laundering and other crimes, has raised concerns within the global financial services industry. (Getty)

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Legs & Regs

Financial Crime Matters: Author Discusses Crypto, Pig Butchering Scams
Wagner
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Enforcement Actions

The U.S. Treasury Department's Office of Foreign Assets Control entered into a settlement agreement with the Bangkok, Thailand-based subsidiary of a multinational enterprise to resolve allegations of sanctions violations.
The Office of the Comptroller of the Currency entered into a formal agreement with the Lorain, Ohio-based bank to resolve unsafe and unsound practices, including the bank's failure to develop an appropriate internal Bank Secrecy Act, anti-money laundering program.