Global AFC Threats Report: Understand the financial crime landscape – including the top threats for organizations in 2024

TOP STORY

Apr

Hollywood Reporter’s Notebook

As we bid farewell again to Florida and make our way home, ACAMS moneylaundering.com reflects on this year’s edition of The Assembly Hollywood and shares some of what we learned.

Legs & Regs

HMT Amends North Korea Sanctions Entry

HM Treasury’s Office of Financial Sanctions Implementation published a notice concerning amendments to the sanctions entry for one entity designated pursuant to the Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019.

April 16, 2024

UK Government Calls for Greater Transparency of Company Ownership

The Foreign, Commonwealth and Development Office announced a global call to action for increased transparency of company ownership ahead of the World Bank Spring Meetings.

April 16, 2024

Unsealed Indictment Charges Principals of Arms Company with Illegally Exporting Munitions

The U.S. Justice Department announced the unsealing of an indictment against two individuals associated with Iraq-based arms company Black Shield Ltd.

April 16, 2024

OFAC Issues Final Rule to Remove Zimbabwe Sanctions Regulations

The Office of Foreign Assets Control of the U.S. Treasury Department issued a final rule to remove the Zimbabwe Sanctions Regulations from the Code of Federal Regulations.

April 16, 2024

Financial Crime Matters: Erstwhile Money Launderer Discusses How to Move Dirty Money

January 11, 2024

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.

Edmund Fitton-Brown on Yemen and the Houthis

March 11, 2024

In the latest episode of Sanctions Space, Justine is joined by Edmund Fitton-Brown, senior advisor at the Counter Extremism Project and former U.K. ambassador to Yemen. They discuss the ongoing tensions in the Red Sea, the political situation in Yemen and the origin and aspirations of the Houthi group, as well as sanctions actions taken by the U.S. and others against the Houthis.

The Assembly APAC

DATE: 04/22/24 - 04/23/24

LOCATION: Hong Kong, China, Hong Kong

View Events Calendar

Money laundering-related red flags associated with virtual assets and virtual asset service providers include:

A. The use of the same IP-address for a large number of seemingly unrelated virtual asset wallets.
B. Depositing virtual assets and then immediately withdrawing them.
C. Both A and B.
D. None of the above.

View all quizzes

More News

With Beneficial Ownership, Britain’s Offshore Jurisdictions Drag Their Feet

By Koos Couvée

Six years after the House of Commons passed legislation to compel the British Virgin Islands, Bermuda and Britain's other overseas territories to launch beneficial ownership registers and make them available to the public, only one—Gibraltar—has fully complied, research shows.

April 15, 2024

Breaking April 15, 2024: 11:24 am ET

Banks Must Stay Alert for Counterfeit Passports, US Officials Warn

Breaking April 12, 2024: 7:11 pm ET

SEC Commissioner Denounces FinCEN Proposal

Weekly Roundup: Vietnamese Fraudster Handed Death Sentence, Morgan Stanley Under AML Investigation, and More

U.S. lawmakers target ransomware payments, IRS-CI chief joins Chainalysis, and more, in the weekly roundup.

April 12, 2024

Financial Crime Investigations Stalling in France, Judges and Prosecutors Warn

By Gabriel Vedrenne

More than a hundred prosecutors, judges and other judicial authorities in France warned in an open letter that budget and personnel shortages within their departments are impeding investigations into suspected fraudsters, money launderers and other financial criminals.

April 12, 2024

Enforcement Actions

Malta FIAU Fines Notary Public €29,587 for AML/CTF Violations

The Financial Intelligence Analysis Unit of Malta fined a notary public €29,587 for violations of the Prevention of Money Laundering and Funding of Terrorism Regulations.

April 16, 2024

Malta Regulator Fines Firm €49,585 for AML/CTF Deficiencies

The Financial Intelligence Analysis Unit of Malta issued a €49,585 fine against an advocates firm for violations of the Prevention of Money Laundering and Funding of Terrorism Regulations.

April 16, 2024