Since it’s football season, FinCEN moves the FBAR filing goalposts…
FBAR Filing Requirement for Certain Financial Professionals FinCEN Notice 2021-1 Extended Filing Date Related to Notice 2020-1 The Financial Crimes Enforcement Network (FinCEN) is announcing a further...
View ArticleWild, Wild Life…
U.S. Imposes Visa Restrictions on Wildlife Traffickers in the Democratic Republic of Congo (DRC) PRESS STATEMENT NED PRICE, DEPARTMENT SPOKESPERSON DECEMBER 13, 2021Share The Department of State is...
View ArticleAnd so it starts…. FinCEN seeks comments on US AML/CFT regulation
FinCEN Seeks Comments on Modernization of U.S. AML/CFT Regulatory Regime ContactOffice of Strategic Communications, press@fincen.govImmediate ReleaseDecember 14, 2021 WASHINGTON— Today, FinCEN is...
View ArticleMAS wants your views on AML requirements for corporate finance advisors
ConsultationsPublished Date: 15 December 2021 Consultation Paper on Introduction of Due Diligence Requirements for Corporate Finance Advisers This consultation seeks views on MAS’ proposal to...
View ArticleFinCEN Enforcement Action: CommunityBank of Texas, National Association
FinCEN Announces $8 Million Civil Money Penalty against CommunityBank of Texas, National Association for Violations of the Bank Secrecy Act ContactOffice of Strategic Communications,...
View ArticleFCA Enforcement Action: NatWest fined 264.8MM GBP for AML failures
NatWest fined £264.8 million for anti-money laundering failures Press Releases First published: 13/12/2021 Last updated: 13/12/2021Share page National Westminster Bank Plc (NatWest) was today fined...
View ArticleThere is even money laundering in Amish country
Department of Justice U.S. Attorney’s Office Middle District of Pennsylvania FOR IMMEDIATE RELEASE Thursday, December 2, 2021 Lancaster Man Charged With Drug Trafficking And Money Laundering...
View ArticleFinCEN issues Wildlife Trafficking-related Financial Threat Analysis
FinCEN Analysis Reveals Upward Trend of SARs Related to Wildlife Trafficking ContactOffice of Strategic Communications, press@fincen.govImmediate ReleaseDecember 20, 2021 WASHINGTON—The Financial...
View ArticleLaundering $2MM for “child modeling” lands woman in jail for 5 years
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, December 3, 2021 Woman Who Laundered Over $2 Million for International ‘Child Modeling’ Websites Sentenced to More Than...
View ArticleFinCEN amends BSA Civil Penalty regulations
FinCEN Announces Amendments to BSA Civil Penalty Regulations Relating to Reporting Foreign Financial Accounts and Transactions The Financial Crimes Enforcement Network (FinCEN) is amending the Bank...
View ArticleBrothers in arms: Fraud & Money Laundering
Department of Justice U.S. Attorney’s Office Southern District of New York FOR IMMEDIATE RELEASEWednesday, December 8, 2021 Recidivist Fraudster And Co-Conspirator Charged In Covid-19 Relief Loan,...
View ArticleFinCEN is asking for BSAAG volunteers again
FinCEN Invites Nominations for Membership on the Bank Secrecy Act Advisory Group (BSAAG) The Financial Crimes Enforcement Network (FinCEN) is inviting nominations for membership on the Bank Secrecy...
View ArticleEven guys with badges and guns can be the bad guys…
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASEThursday, December 9, 2021 Former DEA Special Agent Sentenced to Prison for Money Laundering and Fraud Scheme A former Drug...
View ArticleAnother AML success story – 3-day guilty verdict
Department of Justice U.S. Attorney’s Office Southern District of West Virginia FOR IMMEDIATE RELEASE Thursday, December 9, 2021 Federal Jury Convicts Organizer of $4.3 Million Fraud and Money...
View ArticleFinanstilsynet Inspection Report: Borbjerg Sparekasse
Statement on inspection in Borbjerg Sparekasse (money laundering area) On 3 and 4 June, the Danish Financial Supervisory Authority inspected Borbjerg Sparekasse. The inspection was an investigation of...
View ArticleRicardo Martinelli Linares follows in his brother’s footsteps… to incarceration
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, December 14, 2021 Panamanian Intermediary Extradited to the United States Pleads Guilty to International Bribery and Money...
View ArticleBaltimore Drug Dealer gets 8-ball for dealing… and laundering the proceeds
Department of Justice U.S. Attorney’s Office District of Maryland FOR IMMEDIATE RELEASE Thursday, December 9, 2021 Baltimore Drug Dealer Sentenced to Eight Years in Federal Prison for Conspiracy to...
View Article3+ years in jail for laundering $1.89MM of fraud
Department of Justice U.S. Attorney’s Office Middle District of Pennsylvania FOR IMMEDIATE RELEASEFriday, December 17, 2021 Sayre Woman Sentenced To 37 Months’ Imprisonment For Laundering $1.89...
View ArticleEBA proposes remote customer onboarding solution guidelines
Consultation on draft guidelines on the use of remote customer onboarding solutions The European Banking Authority (EBA) has sent out draft guidelines on the use of remote customer onboarding...
View ArticleFinanstilsynet Inspection Report: Skjern Bank A/S
Statement on inspection in Skjern Bank A / S (money laundering area) In October 2021, the Danish Financial Supervisory Authority inspected Skjern Bank A / S. The inspection was an investigation of the...
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