FINTRAC’s updating their Large Cash Transaction Report form
Resource documents to help you prepare for changes to the LCTR form is now available Good day, We wish to inform all reporting entities that FINTRAC is expecting to implement important changes to the...
View ArticleJoint Statement on CDD, etc. from US regulators (including FinCEN, FDIC, NCUA...
Joint Statement on the Risk-Based Approach to Assessing Customer Relationships and Conducting Customer Due DiligenceJuly 6, 2022 The Board of Governors of the Federal Reserve System, the Federal...
View ArticleFCA Impersonation Fraud Alert
Fake FCA emails, websites, letters and phone calls First published: 02/04/2016 Last updated: 05/07/2022 See all updates Find out about some of the common ways scammers may contact you claiming to be...
View ArticleUnlicensed money services leads to guilty plea by Paraguayan National
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Thursday, June 23, 2022 Paraguayan National Admits Unlicensed Money Transmitting in Connection with...
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Guilty plea for multi-state drug trafficking, firearms possession and money...
Department of Justice U.S. Attorney’s Office Western District of Washington FOR IMMEDIATE RELEASE Thursday, June 16, 2022 Leader of multi-state drug trafficking conspiracy pleads guilty to drug...
View ArticleWild! Doc Antle indicted for money laundering and animal trafficking
Department of Justice U.S. Attorney’s Office District of South Carolina FOR IMMEDIATE RELEASE Thursday, June 30, 2022 Doc Antle, Owner of Myrtle Beach Safari, and Others Indicted for Federal Wildlife...
View ArticleTwo Alaskans indicted for money laundering & other crimes in connection with...
Department of Justice U.S. Attorney’s Office District of Alaska FOR IMMEDIATE RELEASE Tuesday, June 28, 2022 Two Fairbanks Men Indicted for Conspiracy, Fraud, Aggravated Identity Theft and Money...
View ArticleJersey Girls pleads guilty to funding Syrian terrorist organization
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Tuesday, June 28, 2022 Sussex County Woman Admits Concealing Terrorist Financing to Syrian Foreign Terrorist...
View ArticleFINTRAC Enforcement Action: Nu Stream Realty Inc.
FINTRAC imposes an administrative monetary penalty on Nu Stream Realty Inc. News Release July 12, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on...
View ArticleMother & Son Conspire to Launder Money? Mother & Son Go to Jail
Department of Justice U.S. Attorney’s Office Central District of Illinois FOR IMMEDIATE RELEASE Friday, July 1, 2022 Central Illinois Mother and Son Sentenced to Prison for Marijuana and Money...
View ArticleMedtronic workers indicted for million-dollar fraud & money laundering
Department of Justice U.S. Attorney’s Office District of Puerto Rico FOR IMMEDIATE RELEASE Wednesday, July 6, 2022 A Former Employee and a Contract Worker of Medtronic-CR Indicted for Conspiring to...
View ArticleFINTRAC Enforcement Action: Thanh Hung Truong (Bijouterie Kim Dung)
FINTRAC imposes an administrative monetary penalty on Thanh Hung Truong (Bijouterie Kim Dung) News Release July 21, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative...
View ArticleUS-Ghana dual citizen arrested as part of a romance fraud scheme (and...
Department of Justice U.S. Attorney’s Office Southern District of Texas FOR IMMEDIATE RELEASE Tuesday, July 12, 2022 Dual citizen arrested for acting as a money mule and launderer HOUSTON – A...
View ArticleGuilty Pleas for frauds and money laundering for 2 Ukrainians
Department of Justice U.S. Attorney’s Office Northern District of Texas FOR IMMEDIATE RELEASE Tuesday, July 12, 2022 Ukrainian Nationals Plead Guilty to Financial Crimes Two Ukrainian nationals who...
View ArticleHKMA issues 2022 Risk Assessment Report
Our Ref.: B10/1C B1/15C 8 July 2022 The Chief Executive All Authorized Institutions Dear Sir/Madam, Hong Kong Money Laundering and Terrorist Financing Risk Assessment Report 2022 (2022 HRA) I am...
View ArticleHong Kong Association of Banks issues AML/CFT FAQs
There are 81 Frequently Asked Questions in this document, which was distributed by the Hong Kong Monetary Association after its last update at the end of June (but only distributed by HKMA on the...
View ArticleBusinessman extradited to face fraud and money laundering charges
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, July 15, 2022 Turkish Businessman Extradited from Austria to Face Money Laundering and Wire Fraud Charges Allegedly...
View ArticleSwiss ban on Russian gold now in effect
News 04 August 2022 International sanction 2022 Updated sanction report The Federal Council on the 3rd August 2022 further sanctions against Russia came into force. He has amended the regulation on...
View Article3 charged for bribery & money laundering
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, July 19, 2022 Three Men Charged in Ecuadorian Bribery and Money Laundering Scheme A federal grand jury in the Southern...
View ArticleEight Years a Prisoner: Narcotics Trafficking & Money Laundering
Department of Justice U.S. Attorney’s Office Western District of Pennsylvania FOR IMMEDIATE RELEASE Wednesday, July 20, 2022 Indiana Man Sentenced to 8 Years in Prison for Conspiring to Distribute...
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