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OSFI Guidance: Smells like an ICO…
OSFI’s revised Transaction Instructions sure seemed aimed at covering Initial Coin Offerings (ICO) and Initial Token Offerings (ITO) as securities… Issuance of Shares or Membership Shares in...
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September 29, 2017: FinCEN makes minor changes to the CDD Rule
FinCEN Issues Technical Corrections to Customer Due Diligence Final Rule FinCEN is making minor, non-substantive, and technical corrections to the final rule regarding Customer Due Diligence, which...
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More Natural Disasters = More FBAR Relief from FinCEN
FinCEN Provides FBAR Relief to Victims of the California Wildfires; Parts of California Now Eligible; Extension Filers Have Until January 31, 2018 to File WASHINGTON –– FinCEN announced today that...
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October 23, 2017: Notice to Exporters 2017/22 – new UK AML & Sanctions bill
The Sanctions and Anti-Money Laundering Bill was introduced in Parliament on Wednesday 18 October 2017, following a public consultation earlier this year. More information including the text of the...
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February 5, 2018: HK SFC AML/CTF Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Terrorist Financing Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)...
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MAS proposes AML changes for money changing and remittance businesses
The Monetary Authority of Singapore (MAS) has issued a consultation paper for its proposed changes for money services businesses: Firms would be prohibited from issuing bearer instruments such as...
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OCC Enforcement Action: Rabobank
Office of the Comptroller of the Currency Ensuring a Safe and Sound Federal Banking System for All Americans NR 2018-15 FOR IMMEDIATE RELEASE February 7, 2018 Contact: Bryan Hubbard (202) 649-6870...
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FinCEN names ABLV Bank of Latvia an institution of Primary Money Laundering...
FinCEN Names ABLV Bank of Latvia an Institution of Primary Money Laundering Concern and Proposes Section 311 Special Measure Contact Steve Hudak, 703-905-3770 Immediate Release February 13, 2018...
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January 23, 2018: FCA watches the watchers…
News story UK launches new anti-money laundering watchdog A new watchdog launches today to strengthen the UK’s defences against money laundering and terrorist financing. Published 23 January 2018...
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Dubai proposes AML regulatory changes
Notice of Consultation Paper Release 22 Feb 2018 TAKE NOTICE THAT:The DFSA has released the following for consultation:Consultation Paper No. 118 – Proposed Changes to the DFSA’s Anti-Money...
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Swiss missed: FINMA blocks new business at Gazprombank
FINMA concludes Panama Papers proceedings against Gazprombank Switzerland The Swiss Financial Market Supervisory Authority FINMA has identified serious shortcomings in anti-money laundering processes...
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DFSA Public Consultation: the interesting bits…
Here’s what the Dubai Financial Services Authority is thinking of doing to its AML regime – most notably, to Designated Non-Financial Businesses and Professions (DNFBP): Regulation and supervision of...
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February 22, 2018: HK SFC AML/CTF Circular on regulatory changes
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Terrorist Financing Amendments to Anti-Money Laundering and Counter-Terrorist Financing Guidelines The...
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Swiss missed: FINMA fines PKB 1.3 million CHF
01 February 2018 Press release Money laundering prevention: FINMA concludes proceedings against PKB Enforcement proceedings launched by the Swiss Financial Market Supervisory Authority FINMA have...
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South Africa Reserve Bank fines China Construction Bank for AML failures
Press Statement Friday, 02 February 2018 SARB imposes administrative sanctions on China Construction Bank The South African Reserve Bank (SARB) has imposed administrative sanctions on China...
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FINTRAC issues Operational Alert on fentanyl-related money laundering
FINTRAC publishes indicators of money laundering linked to fentanyl trafficking News Release From Financial Transactions and Reports Analysis Centre of Canada January 31, 2018 – Ottawa – Financial...
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February 28, 2018: FINMA notification of FATF statements
28 February 2018 FATF statement FATF has updated its statements The FATF updated its statements on high-risk and non-cooperative jurisdictions at its plenary meeting held in February 2018. For more...
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HM Treasury issues 2015-2017 AML/CTF supervisory report
Acording to the website, this is an annual report, but this one covers 2 years, since none was published last year. Mr. Watchlist will puiblish any particularly interesting bits but, for now, I’m just...
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February 9, 2018: FinCEN issues advisory for FATF Deficient Jurisdictions
On November 3, 2017, the Financial Action Task Force (FATF) updated its list of jurisdictions with strategic anti-money laundering and combatting the financing of terrorism (AML/CFT) deficiencies....
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Multi-Agency Anti-Money Laundering Enforcement Action: US Bank
Here are two of the press releases from what is reportedly in excess of $600 million in civil monetary penalties – FinCEN’s: FinCEN Penalizes U.S. Bank National Association for Violations of Anti-Money...
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