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September 7, 2018: FinCEN makes exceptive relief from CDD Rule permanent
FIN-2018-R003 Issued: September 7, 2018 Subject: Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain...
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September 4, 2018: HK SFC AML/CTF Seminars
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Terrorist Financing Anti-Money Laundering and Counter-Terrorist Financing Seminars The SFC will host three...
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August 31, 2018: HK SFC AML/CTF Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter Financing of Terrorism (AML/CFT) AML/CFT measures and controls inspection findings In inspections of...
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FINMA enforcement action: Credit Suisse (but no penalty?)
FINMA finds deficiencies in anti-money laundering processes at Credit Suisse The Swiss Financial Market Supervisory Authority FINMA has concluded two enforcement procedures against Credit Suisse AG....
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Say it ain’t so, Flo: More FBAR relief for Hurricane Florence victims
Notice September 26, 2018 FinCEN Provides FBAR Relief to Victims of Hurricane Florence; Parts of North Carolina Now Eligible; Extension Filers Have Until January 31, 2019 to File WASHINGTON –– FinCEN...
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September 28, 2018: Federal banking agencies exempts premium finance loans...
From FinCEN: Federal Banking Agencies and FinCEN Announce Exemption from Customer Identification Program Requirements for Premium Finance Loans The Federal Banking Agencies (FBAs), with the...
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October 4, 2018: FinCEN warns of Nicaraguan corruption proceeds
FinCEN Advisory Warns of Risks Linked to Corruption in Nicaragua Contact Steve Hudak 703-905-3770 Immediate Release October 04, 2018 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN)...
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US agencies: Banks can now share BSA/AML resources
OCC BULLETIN 2018-36 Subject: Bank Secrecy Act/Anti-Money Laundering Date: October 4, 2018 To: Chief Executive Officers, BSA Officers, and Compliance Officers of National Banks, Federal Savings...
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NY DFS Enforcement Action: Mashreqbank fined $40 million for AML & OFAC failures
Press Release October 10, 2018 Contact: Richard Loconte, 212-709-1691 DFS FINES MASHREQBANK AND ITS NEW YORK BRANCH $40 MILLION FOR VIOLATIONS OF NEW YORK ANTI-MONEY LAUNDERING AND RECORDKEEPING LAWS...
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October 11, 2018: FinCEN issues Iran advisory – and OFAC promotes it
Yesterday, FinCEN issued an advisory about Iran’s “illicit and malign activities” – and, for some reason, OFAC sent out an email promoting it. Here is FinCEN’s press release: FinCEN Issues Advisory on...
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HK SFC concludes AML/CFT consultation
Latest update 最新訊息 SFC concludes consultation on amendments to anti-money laundering and counter-financing of terrorism guidelines 12 Oct 2018 The Securities and Futures Commission (SFC)...
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BREAKING: If at first you don’t succeed… you get fined again
Office of the Comptroller of the Currency Ensuring a Safe and Sound Federal Banking System for All Americans NR 2018-112 FOR IMMEDIATE RELEASEOctober 23, 2018 Contact: Bryan Hubbard(202) 649-6870...
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October 16, 2018: HK SFC AML/CFT Circular
Circular to Licensed Corporations and Associated Entities – Anti-Money Laundering / Counter-Terrorist Financing Early Alert on United Nations Sanctions 16 Oct 2018 Circular to Licensed Corporations...
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October 30, 2018: Denmark issues updated PEP list
On October 30th, the Danish regulator Finanstilsynet issued an updated list of Politically Exposed Persons (PEP) in Denmark. This list is composed of PEPs reported by organizations who are obligated to...
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November 15, 2018: FinCEN reissues expanded Real Estate GTOs
FinCEN Reissues Real Estate Geographic Targeting Orders and Expands Coverage to 12 Metropolitan Areas Contact Steve Hudak, 703-905-3770 Immediate Release November 15, 2018 Purchase Threshold Lowered...
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November 2, 2018: HK SFC AML/CFT Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Terrorist Financing New Solution for e-STR reporting In order to enhance the capacity in suspicious...
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OFAC Enforcement Action: Societe Generale settles for almost $54 million (&...
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Société Générale S.A. 11/19/2018 The U.S. Department of the Treasury’s Office of Foreign Assets...
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MoneyGram AML program found lacking again…
Department of Justice Office of Public Affairs MoneyGram International Inc. Agrees to Extend Deferred Prosecution Agreement, Forfeits $125 Million in Settlement with Justice Department and Federal...
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Danish regulator inspects Jyske Bank
Pardon Chrome’s translation… Statement of inspection at Jyske Bank A / S (White Paper) In November 2017, Finanstilsynet was inspected by Jyske Bank A / S. The inspection was a study of the white-water...
View ArticleDecember 7, 2018: Guilty plea in money laundering & sanctions case
FOR IMMEDIATE RELEASE Contact: DEA Public Affairs (202) 307-7977 Press Release Lebanese businessman tied by Treasury Department to Hezbollah pleads guilty to money laundering conspiracy in furtherance...
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