Former US Officials, Prosecutors
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More News
Legislation to establish a comprehensive federal regulatory structure for U.S. dollar-pegged stablecoins faces an uncertain future after nine Senate Democrats said they now oppose the bill on several grounds, including for lacking clear safeguards against money laundering.
May 5, 2025
By Chelsea Carrick
The ACAMS moneylaundering.com team packed our bags and said goodbye to sunny Florida at the close of The ACAMS Assembly Hollywood earlier this week. In addition to all the usual stuff we jammed into our suitcases, we’ve brought back a lot of lessons and takeaways to share.
May 2, 2025
TD Bank shakes up compliance team, U.S. banks face labor-trafficking challenge, and more, in the midweek roundup.
May 2, 2025
SAR Volumes in Switzerland Reach New High, Law Enforcement Cooperation Slows
By Gabriel Vedrenne
Banks and other financial institutions in Switzerland filed a record 15,000 suspicious activity reports in 2024, a figure that represents an almost 30 percent increase year-on-year and which has heaped further pressure on the country's financial intelligence unit's limited resources.
May 2, 2025
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
Enforcement Actions
Bank Negara Malaysia imposed a monetary penalty against the Kuala Lumpur, Malaysia-based company for failure to comply with targeted financial sanctions requirements under the Money Services Business Act 2011.
April 30, 2025
Bank Negara Malaysia imposed an administrative monetary penalty against the Petaling Jaya, Malaysia-based firm for failing to meet sanctions screening requirements under the Money Services Business Act 2011.
April 30, 2025
Legs & Regs
HM Treasury Approves Updates to Joint Money Laundering Steering Group AML/CTF Guidance
The Joint Money Laundering Steering Group announced that it received HM Treasury approval regarding updates to its guidance on anti-money laundering and counterterrorist financing.
May 29, 2025
OCC Seeks Comments on Community Bank Digitalization
The Office of the Comptroller of the Currency issued a request for information and comment regarding community bank digitalization, which has the potential to improve operational functions and support expanded business lines.
May 5, 2025
Malta FIAU Hosts VASPs Supervision Symposium
The Financial Intelligence Analysis Unit of Malta announced that it hosted the VASPs Risk-Based Supervision Training Symposium earlier this month in collaboration with the Egmont Group’s Technical and Training Assistance Working Group.
May 5, 2025
US Treasury Sanctions Militia Group in Burma, Leaders
The U.S. Treasury Department announced sanctions targeting the Karen National Army, its leader, and his two sons for facilitating human trafficking, cross-border smuggling, and cyber scams that harm U.S. citizens.
May 5, 2025
November 18, 2024
Whether it is investigators following the proceeds of human trafficking or compliance officers filing suspicious activity or currency transaction reports on funds tied to child exploitation, dispassionately collecting evidence is crucial to catching and convicting the bad guys.
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
Legislation to establish a comprehensive federal regulatory structure for U.S. dollar-pegged stablecoins faces an uncertain future after nine Senate Democrats said they now oppose the bill on several grounds, including for lacking clear safeguards against money laundering.
May 5, 2025
By Chelsea Carrick
The ACAMS moneylaundering.com team packed our bags and said goodbye to sunny Florida at the close of The ACAMS Assembly Hollywood earlier this week. In addition to all the usual stuff we jammed into our suitcases, we’ve brought back a lot of lessons and takeaways to share.
May 2, 2025
TD Bank shakes up compliance team, U.S. banks face labor-trafficking challenge, and more, in the midweek roundup.
May 2, 2025
SAR Volumes in Switzerland Reach New High, Law Enforcement Cooperation Slows
By Gabriel Vedrenne
Banks and other financial institutions in Switzerland filed a record 15,000 suspicious activity reports in 2024, a figure that represents an almost 30 percent increase year-on-year and which has heaped further pressure on the country's financial intelligence unit's limited resources.
May 2, 2025
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
Enforcement Actions
Bank Negara Malaysia imposed a monetary penalty against the Kuala Lumpur, Malaysia-based company for failure to comply with targeted financial sanctions requirements under the Money Services Business Act 2011.
April 30, 2025
Bank Negara Malaysia imposed an administrative monetary penalty against the Petaling Jaya, Malaysia-based firm for failing to meet sanctions screening requirements under the Money Services Business Act 2011.
April 30, 2025