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FinCEN wants to renew North Korea-related Section 311 Special Measure 5...
You learn something new every day: part of Section 311 Special Measure 5 (at least in this case) requires firms to notify customers who have correspondent banking accounts that the targeted parties...
View Article11 arrest for fraud & money laundering-related crimes
Department of Justice U.S. Attorney’s Office Eastern District of New York FOR IMMEDIATE RELEASE Thursday, October 13, 2022 Eleven Defendants Arrested for Investment Fraud, Money Laundering and...
View ArticleCanadian National sentenced for funding ISIS
Department of Justice U.S. Attorney’s Office Southern District of California FOR IMMEDIATE RELEASE Monday, October 17, 2022 Former San Diego Resident Sentenced for Funding ISIS Terrorist Activities in...
View ArticleInvestment Fraud & Money Laundering leads to 11 years behind bars
Department of Justice U.S. Attorney’s Office Northern District of Florida FOR IMMEDIATE RELEASE Friday, October 14, 2022 Former Destin Area Man Sentenced To Eleven Years In Federal Prison For...
View ArticleInvestment Fraud & Money Laundering leads to 11 years behind bars
Department of Justice U.S. Attorney’s Office Northern District of Florida FOR IMMEDIATE RELEASE Friday, October 14, 2022 Former Destin Area Man Sentenced To Eleven Years In Federal Prison For...
View ArticleUK Gambling Commission fines NSUS Limited £672,000
Online casino NSUS Limited fined £672,000 12 October 2022 Gambling operator NSUS Limited will pay a £672,829 penalty for social responsibility and anti-money laundering failures. The operator – which...
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November 8, 2022: EU suspends visa agreement with Vanuatu
Vanuatu: Council fully suspends visa free travel agreement Infographic – EU visa agreements with non-EU countriesSee full infographic The Council today decided to fully suspend the visa waiver...
View ArticleUK Gambling Commission fines Petfre (Gibraltar) 2.9 million pounds
Petfre (Gibraltar) Ltd – trading as Betfred and Oddsking – fined £2.9m 28 September 2022 Petfre (Gibraltar) Limited will pay a £2.87m penalty for social responsibility and anti-money laundering...
View ArticleCanadian National gets 20 years for funding ISIS activities
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, October 17, 2022 Former San Diego Resident Sentenced to 20 Years for Funding ISIS Terrorist Activities in Syria A Canadian...
View ArticleFINTRAC says “buh-bye” to 32 MSBs for not living up to AML requirements
FINTRAC revokes 32 registrations of money services businesses between April and September 2022 Money services businesses (MSBs) operating in Canada have legal obligations under the Proceeds of Crime...
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HMRC nabs 68 estate agents for AML regulation non-compliance
Press release HMRC cracks down on unlawful estate agents HMRC adds 68 estate agents to the list of named businesses not complying with money laundering regulations.From:HM Revenue &...
View ArticleIndictment in Minnesota for laundering drug trafficking proceeds
Department of Justice U.S. Attorney’s Office District of Minnesota FOR IMMEDIATE RELEASE Thursday, November 3, 2022 Minneapolis Woman Indicted for Her Role in a Drug Money Laundering Conspiracy...
View ArticleConviction for repeat offender for drugs, guns, and money laundering offenses
Department of Justice U.S. Attorney’s Office District of Oregon FOR IMMEDIATE RELEASE Wednesday, October 26, 2022 Jury Convicts Portland Repeat Offender on Federal Drug, Gun, and Money Laundering...
View ArticleSentence for laundering narcotics trafficking proceeds to Venezuela
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, October 28, 2022 Man Sentenced for Conspiring to Launder Drug Proceeds to Venezuela A Puerto Rico man was sentenced today...
View ArticleFCA resolves enforcement action against former Sonali Bank CEO
FCA issues Final Notice to former CEO for anti-money laundering failings Press Releases First published: 18/11/2022 Last updated: 18/11/2022 The Financial Conduct Authority has publicly censured...
View ArticleLawyer gets 9 years for wire fraud & money laundering
Department of Justice U.S. Attorney’s Office District of Massachusetts FOR IMMEDIATE RELEASE Friday, October 28, 2022 Illinois Lawyer Sentenced to Nine Years in Prison for Sophisticated Wire Fraud and...
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A little catch-up: November AML inspection reports from Finanstilsynet
Statement on money laundering inspection in P/F BankNordik Subject:2022, Assessments, Financial institutions, Money laundering area The Danish Financial Supervisory Authority inspected P/F BankNordik...
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DFSA Enforcement Action: Bank of Singapore Limited
Links: Decision Notice Enforceable Undertaking
View Article45 months in jail for $50 million of laundered fraud proceeds
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Friday, November 4, 2022 Florida Man Sentenced to 45 Months in Prison for Laundering Funds Related to $50...
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