Top StoryBritish Regulator Tells Banks: Ease Vetting of
Domestic Politicians
Photo by Getty Images
More News
Missouri Banker Helped Fraudsters Evade Compliance Controls
By Fred Williams
A two-branch bank in Missouri helped suspected sweepstakes scammers evade Bank Secrecy Act-reporting thresholds and waived transactional limits for an online payday lender in a bid to secure and retain business from high-risk clients, federal prosecutors have alleged.
July 23, 2024
Trump Media Shares Set to Balloon from Deal with Yorkville, Previously Accused of Fraud
By Chelsea Carrick
An investment firm the Securities and Exchange Commission once charged with fraud entered into a deal with Trump Media & Technology, paving the way for the company's value to surge just before the presidential election in November.
July 22, 2024
Cryptocurrency ties cost regional bank, OFAC blacklists Houthi ships, and more, in the weekly roundup.
July 19, 2024
US Regulators Target Small Town Bank for Crypto-Deal
By Chelsea Carrick
An agricultural bank in Wyoming has incurred a cease-and-desist order from the Office of the Comptroller of the Currency, or OCC, after the institution's delve into virtual assets raised its exposure to illicit finance.
July 19, 2024
Britain's financial regulator called on financial institutions Thursday to review their policies for vetting domestic politically exposed persons, also known as PEPs, to ensure they do not subject them to "disproportionate" scrutiny.
July 18, 2024
Enforcement Actions
The Dubai Financial Services Authority imposed a monetary penalty on the Dubai-based financial institution and canceled its registration for providing misleading information related to an anti-money laundering risk assessment.
June 7, 2024
The Cyprus Securities and Exchange Commission entered into a settlement agreement with the Nicosia, Cyprus-based investment service provider that requires it to pay €70,000 for violating the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007.
July 19, 2024
Legs & Regs
OFAC Designates Five Individuals, Two Entities
The Office of Foreign Assets Control added five individuals and two entities to the Specially Designated Nationals List with respect to counternarcotics and counterterrorism issues.
July 23, 2024
US Sanctions Islamic State Network Facilitators in Africa
The U.S. Treasury Department announced new designations by the Office of Foreign Assets Control under the counterterrorist sanctions regime.
July 23, 2024
DOJ Reaches Agreement to Recover Assets in 1MDB Scandal
The U.S. Justice Department announced that it reached an agreement with Jasmine Loo Ai Swan, the former general counsel of 1Malaysia Development Berhad, to recover assets linked to the scandal.
July 23, 2024
FinCEN Announces Webinar on BOI Reporting
The Financial Crimes Enforcement Network announced that it will host a virtual information session on beneficial ownership information reporting requirements on July 24, 2024.
July 23, 2024
July 16, 2024
In this episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com and Eliza Odom, former head of counterterrorism at the FBI, discuss the bureau’s efforts against international terrorism and violent domestic extremism.
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.
DATE: 09/23/24 - 09/25/24
LOCATION: Aria Resort & Casino,
3730 Las Vegas Boulevard South
Las Vegas, NV 89158 United States
Las Vegas, NV 89158 United States
More News
Missouri Banker Helped Fraudsters Evade Compliance Controls
By Fred Williams
A two-branch bank in Missouri helped suspected sweepstakes scammers evade Bank Secrecy Act-reporting thresholds and waived transactional limits for an online payday lender in a bid to secure and retain business from high-risk clients, federal prosecutors have alleged.
July 23, 2024
Trump Media Shares Set to Balloon from Deal with Yorkville, Previously Accused of Fraud
By Chelsea Carrick
An investment firm the Securities and Exchange Commission once charged with fraud entered into a deal with Trump Media & Technology, paving the way for the company's value to surge just before the presidential election in November.
July 22, 2024
Cryptocurrency ties cost regional bank, OFAC blacklists Houthi ships, and more, in the weekly roundup.
July 19, 2024
US Regulators Target Small Town Bank for Crypto-Deal
By Chelsea Carrick
An agricultural bank in Wyoming has incurred a cease-and-desist order from the Office of the Comptroller of the Currency, or OCC, after the institution's delve into virtual assets raised its exposure to illicit finance.
July 19, 2024
Britain's financial regulator called on financial institutions Thursday to review their policies for vetting domestic politically exposed persons, also known as PEPs, to ensure they do not subject them to "disproportionate" scrutiny.
July 18, 2024
Enforcement Actions
The Dubai Financial Services Authority imposed a monetary penalty on the Dubai-based financial institution and canceled its registration for providing misleading information related to an anti-money laundering risk assessment.
June 7, 2024
The Cyprus Securities and Exchange Commission entered into a settlement agreement with the Nicosia, Cyprus-based investment service provider that requires it to pay €70,000 for violating the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007.
July 19, 2024