TOP STORY

Apr

To Combat Opioid Epidemic, Congress Grants FinCEN New Blacklisting Power

Tucked into a bill that allocates tens of billions of dollars towards Ukraine’s defense is a provision that newly empowers U.S. officials to unilaterally designate foreign banks, accounts and transactions as a “primary money laundering concern” when linked to fentanyl trafficking.

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Legal Brief: Tracking the Finances of Environmental Crimes

By Larissa Bernardes

The ACAMS moneylaundering.com legal team examines U.S. and global initiatives to trace and target the proceeds of illegal logging, fishing, mining, wildlife trafficking and other environmental crimes.

April 29, 2024

Weekly Roundup: Isle of Man Gaming Firms Raided, US Aid Package Brings Sanctions Risks, and More

EU lawmakers approve sweeping AML reforms, Dutch finance minister criticizes banks' intelligence-sharing plan, and more, in the midweek roundup.

April 26, 2024

Two Years After Exiting FATF Gray List, Malta’s AML Backslide Accelerates

By Gabriel Vedrenne

In repeated rulings since a damning global evaluation of Malta's defenses against financial crime ended in September 2019, Maltese courts have overturned regulatory penalties against local financial institutions caught violating anti-money laundering rules.

April 26, 2024

Dutch Finance Minister Questions Banking Lobby’s Intelligence-Sharing Plan

By Koos Couvée

The Dutch Finance Minister has poured cold water on a proposal by banks in the Netherlands to dramatically increase intelligence-sharing with local law enforcement agencies so they can refocus their compliance programs on clients who pose the highest risk of criminality.

April 25, 2024

Latvian FIU Takes Leading Role in Russia Sanctions Regime

By Koos Couvée

FIU Latvia director Toms Platacis and Koos Couvée, ACAMS moneylaundering.com's bureau chief in London, discuss the agency's new sanctions responsibilities, how they fit with its traditional remit and the challenges ahead.

April 25, 2024

Enforcement Actions

RBI Fines Vaish Co-operation Adarsh Bank Limited ₹1 Lakh for KYC Violations

The Reserve Bank of India imposed a monetary penalty against the New Delhi-India based bank for failure to adhere to the regulator's Know Your Customer Direction 2016.

April 29, 2024

HMRC Fines Company Over £1 Million for Breaching Russia Sanctions

HM Revenue and Customs issued a compound settlement of £1,058,781.79 to an unnamed U.K. exporter in March 2024.

April 26, 2024

Legs & Regs

EU Designates Six Individuals Under Democratic Republic of the Congo Sanctions Regime

The Council of the European Union adopted Council Implementing Regulation (EU) 2024/1271 to amend restrictive measures against the Democratic Republic of the Congo.

April 30, 2024

UK Announces Sanctions on Corrupt Ugandan Politicians

The U.K. Foreign, Commonwealth and Development Office announced new sanctions imposed on Ugandan politicians that have been charged with corruption for stealing from government-funded projects that aim to support vulnerable communities.

April 30, 2024

OFSI Adds Three Individuals to Global Anti-Corruptions Sanctions List

HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of three individuals to its consolidated list pursuant to the Global Anti-Corruption Sanctions Regulations 2021.

April 30, 2024

India ED Freezes Assets Tied to E-Nugget Mobile Application

India’s Directorate of Enforcement announced additional search operations under the Prevention of Money Laundering Act, 2002, to target crimes associated with the E-Nuggets mobile gaming application.

April 30, 2024

Financial Crime Matters: Ex-OCC Official Discusses Recent FinCEN Rulemaking

March 25, 2024

In this episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com, and Daniel Stipano, former deputy chief council for the OCC, discuss the Corporate Transparency Act and FinCEN’s creation of a national database of beneficial owners.

Edmund Fitton-Brown on Yemen and the Houthis

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.

The Assembly Europe

DATE: 05/7/24 - 05/8/24

LOCATION: Amsterdam, The Netherlands, Netherlands

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Money laundering-related red flags associated with virtual assets and virtual asset service providers include:

A. The use of the same IP-address for a large number of seemingly unrelated virtual asset wallets.
B. Depositing virtual assets and then immediately withdrawing them.
C. Both A and B.
D. None of the above.

View all quizzes

More News

Legal Brief: Tracking the Finances of Environmental Crimes

By Larissa Bernardes

April 29, 2024

Weekly Roundup: Isle of Man Gaming Firms Raided, US Aid Package Brings Sanctions Risks, and More

EU lawmakers approve sweeping AML reforms, Dutch finance minister criticizes banks' intelligence-sharing plan, and more, in the midweek roundup.

April 26, 2024

Two Years After Exiting FATF Gray List, Malta’s AML Backslide Accelerates

By Gabriel Vedrenne

April 26, 2024

Dutch Finance Minister Questions Banking Lobby’s Intelligence-Sharing Plan

By Koos Couvée

April 25, 2024

Latvian FIU Takes Leading Role in Russia Sanctions Regime

By Koos Couvée

April 25, 2024

Enforcement Actions

RBI Fines Vaish Co-operation Adarsh Bank Limited ₹1 Lakh for KYC Violations

The Reserve Bank of India imposed a monetary penalty against the New Delhi-India based bank for failure to adhere to the regulator's Know Your Customer Direction 2016.

April 29, 2024

HMRC Fines Company Over £1 Million for Breaching Russia Sanctions

HM Revenue and Customs issued a compound settlement of £1,058,781.79 to an unnamed U.K. exporter in March 2024.

April 26, 2024