One last time…
Le français suit Posted on OSFI’s website: Update on jurisdictions with strategic deficiencies identified by the Financial Action Task Force (FATF). OSFI will no longer be sending email updates of...
View ArticleDepartment of Justice files forfeiture complaint for DPRK money laundering
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, July 23, 2020 United States Files Complaint to Forfeit More Than $2.37 Million From Companies Accused of Laundering Funds...
View ArticleFinCEN issues CDD FAQs…
FIN-2020-G002 Issued: August 3, 2020 Subject: Frequently Asked Questions Regarding Customer Due Diligence (CDD) Requirements for Covered Financial Institutions. The Financial Crimes Enforcement Network...
View ArticleFinanstilsynet AML Inspection Report: Rønde Sparekasse
Statement on inspection in Rønde Sparekasse (money laundering area) In November 2019, the Danish Financial Supervisory Authority inspected Rønde Sparekasse. The inspection was an investigation of the...
View ArticleLight at the end of the tunnel…
FinCEN is repealing the Section 311 pieces imposed on Banco Delta Asia – this is the first one I remember hearing about (not that there are many Section 311 Special Measures to begin with). So, that...
View ArticleHM Treasury publishes its 2018/19 AML/CTF Supervision report
The latest supervisory report of the UK’s anti-money laundering/counter-terrorist financing activities was recently published by Her Majesty’s Treasury (HMT or HM Treasury). The foreword provides a...
View ArticleFinCEN Aviso sobre coronavirus 2019
FinCEN Issues Spanish Language Version of Its Advisory on Imposter Scams and Money Mule Schemes Related to COVID-19 The Financial Crimes Enforcement Network (FinCEN) has made available a Spanish...
View ArticleFinCEN issues BSA Enforcement Statement
FinCEN Statement on Enforcement of the Bank Secrecy Act Contact Office of Strategic Communications703-905-3770 Immediate Release August 18, 2020 WASHINGTON—As the primary regulator and administrator...
View ArticleUS Agencies issue BSA Due Diligence for PEPs statement
Agencies Issue Statement on Bank Secrecy Act Due Diligence Requirements for Customers Who May Be Considered Politically Exposed Persons Immediate Release August 21, 2020 WASHINGTON—The Federal...
View ArticleHmmm…..
Statement by FinCEN Regarding Unlawfully Disclosed Suspicious Activity Reports Immediate ReleaseSeptember 01, 2020 The Financial Crimes Enforcement Network (FinCEN) is aware that various media outlets...
View Article1MDB-related settlement of civil forfeiture cases
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, September 2, 2020 United States Reaches Settlement to Recover more than $60 Million Involving Malaysian Sovereign Wealth...
View ArticleFinCEN requires Anti-Money Laundering Compliance program elements for banks...
FinCEN Issues Final Rule to Require Customer Identification Program, Anti-Money Laundering Program, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator Contact...
View ArticleFinanstilsynet studies quick-loan companies… and AML
Money laundering inspections in quick loan companies In the second half of 2019, the Danish Financial Supervisory Authority conducted cross-cutting investigations in the area of money laundering in...
View ArticleFinanstilsynet Inspection Report: Møns Bank A/S
Statement on inspection in Møns Bank A / S (money laundering area) In February 2020, the Danish Financial Supervisory Authority inspected Møns Bank A / S. The inspection was an investigation of the...
View ArticleFinCEN wants better AML programs… your thoughts?
FinCEN Seeks Comments on Enhancing the Effectiveness of Anti-Money Laundering Programs Contact Strategic Communications, 703-905-3770 Immediate Release September 16, 2020 WASHINGTON—The Financial...
View ArticleThe heart of FinCEN’s recent ANPRM
ANPRM = Advance Notice of Proposed Rulemaking From the ANPRM, until it gets into the nitty-gritty… Specifically, FinCEN is considering regulatory amendments that would explicitly define an “effective...
View ArticleHong Kong amends its AML/CFT guidelines for Stored Value Facility (SVF)...
Our Ref.: B10/21C 18 September 2020 The Chief Executive All Stored Value Facility Licensees Dear Sir/Madam, Amendments to Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For...
View ArticleWhat FinCEN wants comment on
From the recent Advanced Notice of Advanced Rulemaking (ANPRM): Question 1: Does this ANPRM make clear the concept that FinCEN is considering for an “effective and reasonably designed” AML program...
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Swiss miss: FINMA enforcement action against Bank SYZ
News 24 September 2020 Press release 2020 Combating money laundering FINMA reprimands Bank SYZ for breaches of anti-money laundering regulations The Swiss Financial Market Supervisory Authority FINMA...
View ArticleFinanstilsynet Inspection Report: Ringkjøbing Landbobank A/S
Statement on inspection in Ringkjøbing Landbobank A / S (money laundering area) In December 2019, the Danish Financial Supervisory Authority inspected Ringkjøbing Landbo-bank A / S. This was a...
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