Searching Content indexed under Money Laundering by Christian Larson ordered by Published Date Descending.
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FinCEN Deputy Director Encourages Anti-Money Laundering Innovation
FinCEN Deputy Director Jamal El-Hindi described agency efforts to encourage innovation in anti-money laundering.
United States
20 Sep 2019
Micronesian Government Official Sentenced For FCPA Violations
The U.S. District Court in Hawaii sentenced a Micronesian government official to prison for conspiracy to commit money laundering in violation of the Foreign Corrupt Practices Act ("FCPA").
United States
6 Aug 2019
DOJ Charges Four Canadian Executives For Role In Mail Fraud Campaigns
The DOJ charged four executives of a Canadian payment processing company in connection with handling payments from victims of several international mass-mail fraud campaigns.
United States
8 Jul 2019
FinCEN Invites FinTech And RegTech Firms To Present Innovations
The Financial Crimes Enforcement Network ("FinCEN") encouraged FinTech and RegTech companies and financial institutions to present their innovative products and services.
United States
11 Jun 2019
Senate Banking Committee Considers Testimony On Collecting Beneficial Ownership Information
The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony on the benefits of collecting beneficial ownership information for combating financial crime
United States
5 Jun 2019
SEC OCIE Director Urges Firms To Establish And Maintain Strong Compliance Programs
SEC Office of Compliance Inspections and Examinations ("OCIE") Director Peter Driscoll urged firms to establish and maintain strong compliance programs that address.
United States
31 May 2019
FINRA Alerts Members To Money Laundering Red Flags
FINRA provided guidance to member firms on reporting and monitoring suspicious activity pursuant to FINRA Rule 3310 ("Anti-Money Laundering Compliance Program").
United States
22 May 2019
Virtual Currency "Exchanger" Settles FinCEN AML Violations
A virtual currency "exchanger" consented to a Financial Crimes Enforcement Network ("FinCEN") penalty for violations of the Bank Secrecy Act and anti-money laundering ("AML") regulations.
United States
6 May 2019
FATF Agrees On "Permanent Mandate" To Protect Global Financial System
Ministers of finance of Financial Action Task Force ("FATF") member countries agreed to make permanent the mandate for the FATF to protect the international financial system from money laundering and terrorist financing.
United States
2 May 2019
Trade Associations Urge Update Of BSA Regulatory Framework
SIFMA, the Institute of International Bankers, the American Bankers Association and others ("trade associations") urged the U.S. House Committee on Financial Services ...
United States
2 Apr 2019
European Commission List Of AML-Deficient Jurisdictions Includes U.S. Territories
The European Commission published a list of jurisdictions it identified as having strategic anti-money laundering and countering the financing of terrorism ("AML/CFT") deficiencies
United States
21 Feb 2019
FinCEN Reissues GTO And Lowers Real Estate Reporting Threshold
The Financial Crimes Enforcement Network ("FinCEN") reissued a Geographic Targeting Order ("GTO") requiring title insurance companies to collect and report beneficial ownership information...
United States
22 Nov 2018
FATF Updates Standards To Prevent Misuse Of Virtual Assets
The Financial Action Task Force ("FATF") urged jurisdictions to take coordinated actions to prevent the misuse of virtual assets for crime and terrorism.
United States
26 Oct 2018
FinCEN Extends Temporary Relief For Rollovers And Renewals
The Financial Crimes Enforcement Network ("FinCEN") extended previously granted relief that temporarily exempts certain products and services from the Beneficial Ownership Rule.
United States
16 Aug 2018
Former Venezuelan Government Official Pleads Guilty To Money Laundering Charges
A former Venezuelan official admitted to soliciting and receiving bribes from owners of certain U.S. energy companies. The official pleaded guilty to one count of conspiracy to commit money laundering.
United States
24 Apr 2018
FINRA Updates AML Template For Small Firms
FINRA revised the template that small firms registered with FINRA may use in developing anti-money laundering ("AML") programs.
United States
6 Apr 2018
International Bank Fined $29 Million for BSA/AML Deficiencies
In addition to imposing the fine, the Order requires the Bank's branches to submit periodic progress reports to their applicable Federal Reserve Banks detailing steps taken to comply with the conditions of the Order.
United States
19 Jan 2018
FINRA Provides Additional Guidance On AML Obligations
FINRA published guidance concerning the anti-money laundering ("AML") obligations of member firms under FINRA Rule 3310.
United States
28 Nov 2017
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