The Financial Action Task Force outlined the findings from recent anti-money laundering / countering the financing of terrorism country-specific evaluations and warned of risks associated with stablecoins.
A German medical device and services company agreed to settle charges of violating the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act.
The U.S. Treasury Department Office of Foreign Assets Control designated nine targets in an "international network" through which Iran, working with Russian companies, delivered millions of barrels of oil to the Syrian government.
A multinational bank agreed to settle Office of Foreign Assets Control charges for apparent violations of the Cuban Assets Control Regulations, the Iranian Transactions and Sanctions Regulations, and the Weapons of Mass Destruction Proliferators Sanctions Regulation.
In a new advisory, the Financial Crimes Enforcement Network reminded financial institutions of recent changes to the lists of jurisdictions with strategic anti-money laundering and combating the financing of terrorism deficiencies.
FinCEN issued an advisory regarding changes to the lists of jurisdictions with strategic Anti-Money Laundering and Counter-Terrorist Financing ("AML/CFT") deficiencies. The lists were compiled by the Financial Action Task Force ("FATF"). The changes affect the due diligence obligations of U.S...