Legal Setbacks, Political Comebacks
and Real Progress: The Year in AML
Enforcement Actions
The Commerce Department's Bureau of Industry and Security ordered the Oxnard, CA-based company to pay 1.5 million for apparent violations of U.S. export controls relating to shipments of computer numerical control machine parts to parties in Russia and China.
January 17, 2025
The Office of Foreign Assets Control entered into a settlement agreement with the Oxnard, CA-based manufacturer of machine tools and related parts that requires it to pay $1,044,781 to resolve 21 apparent violations of sanctions targeting the defense and energy sectors of Russia.
January 17, 2025
Legs & Regs
OFAC Announces Changes Made to SDN List in 2025
The Office of Foreign Assets Control released a cumulative list of changes made to the list of Specially Designated Nationals and Blocked Persons between Jan. 1, 2025, and Jan. 17, 2025.
January 17, 2025
HM Treasury Amends One Entry on Venezuela Sanctions List
HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning updates made to the identifying information of one individual designated under the Venezuela (Sanctions) (EU Exit) Regulations 2019.
January 17, 2025
SFO Announces First Unexplained Wealth Order Targeting £1.5 Million Property
The U.K. Serious Fraud Office announced that it secured its first unexplained wealth order to recover property believed to have been purchased with the proceeds of a £100 million fraud.
January 17, 2025
DOJ: Two Jamaican Men Convicted of Laundering Over $6 Million
The U.S. Attorney’s Office in the District of Massachusetts announced the conviction of two Jamaican men for their roles in the laundering of more than $6 million from Colombian drug trafficking profits.
January 17, 2025
January 6, 2025
In this episode of Financial Crime Matters, Claudia Quiroz, a senior official at the U.S. Justice Department, and Kieran Beer, editor in chief of ACAMS moneylaundering.com, discuss combating the illicit use of cryptocurrency.
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.
DATE: 04/28/25 - 04/30/25
LOCATION: Diplomat Resort & Spa,
3555 South Ocean Drive
Hollywood, FL 33019 United States
Hollywood, FL 33019 United States
More News
New Congress Under Immense Pressure to Deregulate Banks, VASPs
By Chelsea Carrick
A new U.S. Congress convened Jan. 3, with pressure from President-elect Donald Trump and the financial services industry alike to roll back current as well as pending regulations and prioritize legislation that would accelerate mainstream adoption of cryptocurrencies.
January 17, 2025
French regulators blacklisted 441 fraudulent websites in 2024 and now estimate that the number of victims of investment scams centered on phony cryptocurrency-trade training courses, cloned websites and other online schemes possibly tripled over the past three years.
January 17, 2025
BitMex fined, Sater gets new trial, and more, in the weekly roundup.
January 17, 2025
Breaking January 17, 2025: 10:52 am ET
Officials at the EU's nascent Anti-Money Laundering Authority have begun meeting regularly with national supervisors to preemptively address any problems arising from the forthcoming overhaul of the bloc's supervisory architecture.
January 17, 2025
Enforcement Actions
The Commerce Department's Bureau of Industry and Security ordered the Oxnard, CA-based company to pay 1.5 million for apparent violations of U.S. export controls relating to shipments of computer numerical control machine parts to parties in Russia and China.
January 17, 2025
The Office of Foreign Assets Control entered into a settlement agreement with the Oxnard, CA-based manufacturer of machine tools and related parts that requires it to pay $1,044,781 to resolve 21 apparent violations of sanctions targeting the defense and energy sectors of Russia.
January 17, 2025