A Meeting for Very Stable(coin) Geniuses
PRESS RELEASES Secretary of the Treasury Janet L. Yellen to Convene a Meeting of the President’s Working Group on Financial Markets to Discuss Stablecoins July 16, 2021 WASHINGTON — Today, Secretary...
View ArticleNew HKMA AML/CFT Guideline for Stored Value Facility Licensees issued
Read all 96 pages of it here… there is no apparent revision history, nor are there change markings…. Sorry!
View ArticleNew AML proposals for the EU
New money laundering package from the Commission Yesterday, 20 July 2021, the Commission presented a number of legislative proposals to strengthen the fight against money laundering and terrorist...
View ArticleFinanstilsynet Inspection Report: AP Pension Livsforsikringsaktieselskab
Statement on inspection in AP Pension Livsforsikringsaktieselskab (money laundering area) In November 2020, the Danish Financial Supervisory Authority carried out an inspection of AP Pension...
View ArticleNew human trafficking info from FINTRAC
FINTRAC provides additional money laundering indicators associated with human trafficking for sexual exploitation in support of Project Protect On this World Day Against Trafficking in Persons,...
View ArticleIn Singapore, Fintechs get a Festival!
Media ReleasesPublished Date: 04 August 2021Singapore FinTech Festival 2021 to take place from 8 to 12 November, with key focus on Web 3.0MAS sets up new entity to drive future expansion of the...
View ArticleFinCEN held another ransomware roundtable… virtually, natch
FinCEN Holds Second Virtual FinCEN Exchange on Ransomware ContactOffice of Strategic Communications, 703-905-3770Immediate ReleaseAugust 10, 2021 WASHINGTON—The Financial Crimes Enforcement Network...
View ArticleNote to Hong Kong institutions re: FATF new technologies report
A similar notice was issued for the Stored Value Facility (SVF) sector… 11 August 2021 The Chief Executive All Authorized Institutions Dear Sir / Madam, Supporting the Use of New Technologies for...
View ArticleFinCEN Enforcement Action – BitMEX pays $100,000,000 for Willful BSA Violations
FinCEN Announces $100 Million Enforcement Action Against Unregistered Futures Commission Merchant BitMEX for Willful Violations of the Bank Secrecy Act ContactOffice of Strategic Communications,...
View ArticleCentral Bank of the UAE issues guidance for the hawala sector
CBUAE issues new guidance to registered hawala providers and licensed financial institutions providing services to registered hawala providers Abu Dhabi (18 August 2021): The Central Bank of the UAE...
View ArticleJoint position of Estonia, Latvia and Lithuania on Luminor AML systems
The Baltic supervisory authorities are instructing Luminor to improve its anti-money laundering systems 24/08/2021 The Estonian, Latvian and Lithuanian supervisory authorities, as a result of...
View ArticleSomeone‘s trying to impersonate AUSTRAC
Be aware of scams impersonating AUSTRAC 4 August 2021 We are receiving reports of scammers sending emails to reporting entities and members of the public pretending to be from AUSTRAC and seeking...
View ArticleFCA warns of risks linked to Afghanistan
Firms reminded about potential financial crime risks linked to Afghanistan Statements|First published: 31/08/2021 | Last updated: 31/08/2021 Developments in Afghanistan have highlighted the continuing...
View ArticleFinCEN highlights child sex exploitation, related SAR instructions
FinCEN Calls Attention to Online Child Sexual Exploitation CrimesThe Financial Crimes Enforcement Network (FinCEN) is issuing this Notice to call attention to an increase in online child sexual...
View ArticleUK Jails Richard Faithfull for 5 years for laundering money
Richard Faithfull sentenced to over 5 years imprisonment for money laundering Press Releases First published: 09/09/2021 Last updated: 09/09/2021 On Thursday 9 September 2021 Richard Faithfull was...
View ArticleTwo life insurers fined by South African Reserve Bank
17 September 2021 South African Reserve Bank imposes administrative sanctions in terms of the Financial Intelligence Centre Act 38 of 2001, as amended The South African Reserve Bank (SARB) has imposed...
View ArticleOFAC updates Ransomware Advisory, and adds SUEX OTC to Cyber sanctions
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an updated advisory to highlight the sanctions risks associated with ransomware payments in connection with...
View ArticleFinanstilsynet Inspection Report: Secure Payment A/S
Statement on inspection in Secure Payment A / S (money laundering area) In February 2021, the Danish Financial Supervisory Authority carried out an inspection of Secure Payment A / S (the company)....
View ArticleMAS imposes AML requirements for exempt payment service providers
PSN10 Prevention of Money Laundering and Countering the Financing of Terrorism – Exempt Payment Service Providers Notice to exempt payment service providers on the application of anti-money laundering...
View ArticleFinCEN wants to regulate old stuff…
FinCEN Launches Regulatory Process For New Antiquities Regulations Contact Strategic Communications, 703-905-3770 Immediate Release September 23, 2021 WASHINGTON—The Financial Crimes Enforcement...
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