A broker-dealer settled FINRA charges for failing to implement an AML program "designed to detect and cause the reporting of suspicious cyber-events."
FinCEN warned financial institutions to be cautious of potential investments in the U.S. commercial real estate sector by sanctioned Russian elites and their proxies.
FinCEN prohibited the transmission of funds by any covered financial institution via Bitzlato, a virtual currency exchange that FinCEN identified as being of a "primary money laundering concern" in connection with Russian illicit finance.
A cryptocurrency exchange settled New York State Department of Financial Services charges for failing to establish a compliance program to satisfy (i) New York banking law and (ii) NYDFS virtual currency, money transmitter, transaction monitoring and cybersecurity regulations.
A futures commission merchant settled CFTC charges for failing to (i) implement an adequate AML program, (ii) impose risk-based trading position limits on a customer's accounts and (iii) maintain customer records for a substantial period of time.