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FinCEN sets out US AML/CFT priorities
Eight issues of special concern to US authorities, published on 30 June [2021], will provide a steer to all who are subject to Bank Secrecy Act regulations. [1]FinCEN, after consultation with other agencies and regulators, identified current..
Online Published Date:
01 July 2021
Appeared in issue:
286 - 24 June 2021
What a difference a decade doesn’t make
Timon Molloy (timon.molloy@informa.com), Editor
Online Published Date:
01 July 2021
Appeared in issue:
286 - 24 June 2021
FATF cautions responsible use of AML/CFT new tech to mitigate social costs
By Keith Nuthall
Online Published Date:
03 July 2021
Appeared in issue:
286 - 24 June 2021
Coordinated resilience – Egmont, the push through Covid-19 [Video]
Coronavirus has affected everyone, national financial intelligence units not excepted: they had to react almost overnight, often shifting to remote working with highly sensitive, law enforcement mission-critical data on money laundering, terrorist..
Online Published Date:
07 July 2021
Appeared in issue:
286 - 24 June 2021
UAE – targeted sanctions, new guidance
Mahmoud Fadlallah (+971 4 317 3030, mfadlallah@akingump.com) is a partner and Lauren Talerman (+971 4 317 3066, ltalerman@akingump.com) of counsel at Akin Gump, Dubai, and Mazen Baddar (+971 2 406 8552, mbaddar@akingump.com) is an associate at Akin Gump, Abu Dhabi.
Online Published Date:
14 July 2021
Appeared in issue:
286 - 24 June 2021
Luxembourg fines RBC €237,000 for AML/CFT breaches
On25 May [2021], the Commission de Surveillance du Secteur Financier (CSSF) inLuxembourg fined RBC Investor Services Bank S.A. €237,000 for unspecified serious deficiencies inits anti-money laundering and counter terrorist financing controls.The..
Online Published Date:
15 July 2021
Appeared in issue:
286 - 24 June 2021
EU AML law overhaul heralds supra-national supervisor & aims for greater consistency, more information exchange in bloc
The long-awaited proposals to create a powerful European Union (EU) Anti-Money Laundering Authority (AMLA) have been released by the European Commission. [1] Keith Nuthall works through the plan.If approved, this would be the world’s first..
Online Published Date:
21 July 2021
Appeared in issue:
286 - 24 June 2021
Call of the wild
The illegal trade in fauna and flora, too long neglected as a principal source of criminal income, is now firmly in scope for policy-makers, finds Paul Cochrane, as he tracks the latest research and red flags.Advocates for curbing the illegal..
Online Published Date:
21 July 2021
Appeared in issue:
286 - 24 June 2021
Payoneer in US$1.4m settlement with OFAC over sanctions violations
New York-based online money service business, Payoneer Inc.,which also supplies prepaid cards, will pay US$1,400,301.40 to settle Office ofForeign Assets Control (OFAC) claims that it committed 2,260 apparent breachesof multiple US sanctions..
Online Published Date:
26 July 2021
Appeared in issue:
286 - 24 June 2021
Rethink
Timon Molloy (timon.molloy@informa.com), Editor
Online Published Date:
28 July 2021
Appeared in issue:
286 - 24 June 2021