Europe Notches First Wins Against Defensive
Reports Despite Larger Overall Volume
Enforcement Actions
The Financial Industry Regulatory Authority ordered the Sugar Land, TX-based investment banking services firm to pay $5,000 to resolve regulatory breaches, including violations of anti-money laundering obligations.
November 20, 2024
The Federal Reserve Board and the Texas Department of Banking issued a cease and desist order against the Industry, TX-based bank holding company that requires it to take appropriate steps to fully utilize its resources to serve as a source of strength for its subsidiary banks.
November 13, 2024
Legs & Regs
OSCE Supports Event to Strengthen Asset Recovery Efforts in Kazakhstan
The Organization for Security and Co-operation in Europe announced that it supported an event to help prosecutors and investigators of the Asset Recovery Committee of Kazakhstan learn to use techniques and tools to counter illicit financial activity associated with corruption and organized crime.
November 20, 2024
FinCEN Extends FBAR Filing Deadline for Certain Financial Professionals
The Financial Crimes Enforcement Network issued Notice FIN-2024-NTC7 on Nov. 20, 2024, to announce an additional extension for filing Reports of Foreign Bank and Financial Accounts.
November 20, 2024
Interpol-Led South America Operation Targets IP Crimes
An Interpol-led operation in South America targeting counterfeit and pirated goods seized over 11 million illicit products valued at $225 million and resulted in 104 arrests, including for money laundering.
November 20, 2024
A five-count criminal indictment filed in the Eastern District of New York charges Gautam S. Adani, Sagar R. Adani, and six other current or former executives of an Indian renewable-energy company with securities fraud, wire fraud, and conspiracy to violate the Foreign Corrupt Practices Act.
November 20, 2024
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.
October 16, 2024
In the latest episode of Sanctions Space, Justine is joined by Jessica Bartlett, managing director and head of Global Financial Crime Legal at Barclays. They discuss how the global sanctions landscape has changed over the past decade, the interlinkage between sanctions and export controls and how financial institutions need to undertake a mindset shift to strengthen sanctions compliance.
More News
OFAC fines Iran hotelier, Australian gambling syndicates pay for personal details, and more, in the midweek roundup.
November 20, 2024
Sweeping new requirements for EU VASPs will reshuffle supervision and probably spur a large reduction in the number of authorized platforms.
November 20, 2024
Breaking November 19, 2024: 3:55 pm ET
Financial Crime Matters and Beyond: Head and Heart
By Kieran Beer
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.
November 18, 2024
Swiss bank's emails under microscope, FCA walks back plans, and more, in the weekly roundup.
November 15, 2024
Enforcement Actions
The Financial Industry Regulatory Authority ordered the Sugar Land, TX-based investment banking services firm to pay $5,000 to resolve regulatory breaches, including violations of anti-money laundering obligations.
November 20, 2024
The Federal Reserve Board and the Texas Department of Banking issued a cease and desist order against the Industry, TX-based bank holding company that requires it to take appropriate steps to fully utilize its resources to serve as a source of strength for its subsidiary banks.
November 13, 2024