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
EU Announces Appointment of AMLA Chair
The Council of the EU announced that Bruna Szego has been appointed as Chair of the Anti-Money Laundering Authority, which is based in Frankfurt, Germany.
January 21, 2025
India ED Announces Bank Fraud Cases
The Directorate of Enforcement in India announced asset forfeiture linked to two separate bank fraud cases.
January 21, 2025
NCA: Convicted Drug Traffickers Ordered to Pay Nearly £1.2 Million
The National Crime Agency announced that two convicted drug traffickers have been ordered to pay £1,190,113, or they will face extra time in prison.
January 21, 2025
President Trump Implements Regulatory Freeze
U.S. President Donald J. Trump issued a memorandum to postpone pending regulations for 60 days and immediately withdraw any rules that have been sent to the Office of the Federal Register but not published until they are reviewed and approved by a newly appointed department or agency head.
January 20, 2025
December 3, 2024
In this episode of Financial Crime Matters, author Zeke Faux, former public prosecutor Erin West and freelance reporter Danielle Keeton-Olsen dissect cryptocurrency-related fraud schemes and forced labor operations in Cambodia with Kieran Beer, editor in chief of ACAMS moneylaundering.com.
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
Legislation now before the U.S. Senate that would authorize designations of all officials with the International Criminal Court and possibly the Court itself would throw compliance departments into uncertainty as to how, or even whether to handle all related transactions, say analysts.
January 21, 2025
Breaking January 21, 2025: 6:24 am ET
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
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