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June 6, 2018: FCA enforcement action against Canara Bank
FCA fines and imposes a restriction on Canara Bank for anti-money laundering systems failings Press Releases Published: 06/06/2018 Last updated: 06/06/2018 The Financial Conduct Authority (FCA) has...
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May 29, 2018: SEC halts fraudulent ICO
SEC Obtains Emergency Order Halting Fraudulent Coin Offering Scheme Charges “Blockchain Evangelist” Behind Alleged Scam FOR IMMEDIATE RELEASE2018-94 Washington D.C., May 29, 2018 — The Securities and...
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June 29, 2018: Results of Joint FATF/MENAFATF Plenary
Combatting terrorist financing, including the outcomes from the Ministerial Conference on the Fight against the Financing of Daesh and Al-Qaeda, organised by the French government In February 2018,...
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May 16, 2018: SEC charges two broker-dealers with AML violations
SEC Charges Brokerage Firms and AML Officer With Anti-Money Laundering Violations FOR IMMEDIATE RELEASE2018-87 Washington D.C., May 16, 2018 — The Securities and Exchange Commission today announced...
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June 9, 2018: Amendments to Canada’s AML Regulations
From the Canada Gazette, a useful overview: REGULATORY IMPACT ANALYSIS STATEMENT (This statement is not part of the Regulations.) Executive summary Issues: In 2015–16, the Financial Action Task Force...
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June 4, 2018: Commonwealth Bank of Australia settles with AUSTRAC
AUSTRAC and CBA agree $700m penalty 4 June 2018 An agreement has been reached today between AUSTRAC and the Commonwealth Bank of Australia (CBA) for a $700 million penalty to resolve Federal Court...
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Switzerland updates its AML ordinance
News 18 July 2018 Press release FINMA revises its Anti-Money Laundering Ordinance The Swiss Financial Market Supervisory Authority FINMA has revised its Anti-Money Laundering Ordinance (AMLO-FINMA)....
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HK SFC on changes to AML/CFT guidelines
Latest update 最新訊息 SFC consults on amendments to anti-money laundering and counter-terrorist financing guidelines 5 Jul 2018 The Securities and Futures Commission (SFC) today launched a consultation...
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June 27, 2018: New Draft EU cash control regulation
PRESS Council of the European Union 27/6/2018 | PRESS RELEASE Controls on cash entering and leaving the EU: Council endorses agreement The EU’s committee of permanent...
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FINMA starts enforcement action against ICO
News 26 July 2018 Press release FINMA launches proceedings against ICO issuer The Swiss Financial Market Supervisory Authority FINMA has launched enforcement proceedings against envion AG. FINMA has...
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HMT Advisory Notice on AML/CTF controls in higher-risk jurisdictions
On July 11, Her Majesty’s Treasury (HMT) issued an Advisory Notice about the AML/CTF controls necessary for higher-risk jurisdictions, which also includes copies of FATF’s latest public statements:...
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FATF, APG publish report on human trafficking financial flows
FATF News 2 August 2018 Financial Flows from Human Trafficking Paris, 2 August 2018 – In recent years, the number of victims of human trafficking and migrant smuggling has continued to grow...
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July 12, 2018: HK SFC AML/CTF Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Terrorist Financing (1) FATF Statement on Democratic People’s Republic of Korea and Iran (2) FATF...
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July 18, 2018: FINTRAC Operational Alert on professional money laundering
Operational alert: Professional money laundering through trade and money services businesses Reference number: 18/19-SIDEL-025July 18, 2018 Professional money launderers are sophisticated actors who...
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FinCEN extends deadline for beneficial ownership requirements
Exceptive Relief FIN-2018-R003 Issued: August 08, 2018 Subject: Extension of Limited Exception from Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and...
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July 20, 2018: FINTRAC posts latest FATF advisories
OSFI and FINTRAC both sent out emails about this. FINTRAC’s email gives a bit more flavor: FINTRAC advisory on financial transactions related to countries identified by the Financial Action Task Force...
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DFSA Publishes results of Financial Crime Thematic Review
By Email 23 July 2018 Senior Executive Officers of Authorised Firms Senior Executive Officers of Authorised Market Institutions Principal Representatives of Representative Offices Compliance Officers...
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Care to roll the dice?
Just found this, an annual AML conference for the gaming industry in Las Vegas (duh!). It’s got a nice enough program, including an optional foundational training day – and if you have an interest in...
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New article out on KYC360.com
Yesterday, the first of a 2-part series I wrote on the latest FATF/APG report on financial flows in human trafficking was published here on KYC360.com. Originally, I wrote it as one longer piece, but...
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HKMA Enforcement Action: Shanghai Commercial Bank Limited
Press Releases The Monetary Authority reprimands and fines Shanghai Commercial Bank Limited for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance The Monetary...
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